🛍️ Walmart's global domination
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Retail impacts every aspect of our lives. Earlier this week, we explored Black Friday 2024 consumer trends and in Sept we have discussed how inflation has turned shopping into a survival sport. As we wrap up the week, let’s shift focus to the world’s leading retailers.
🌍 Inflation vs. Sales Growth
Even in the face of inflation, global sales continue to rise. From 2021 to 2022, sales skyrocketed by $1.8 trillion, fueled by the pandemic’s spending boom. However, as inflation set in, growth decelerated to just over $1 trillion between 2022 and 2023. Looking ahead, 2023 to 2024 is expected to see a modest rebound with $1.3 trillion in additional sales.