Walmart applies market penetration by using the selling point of low prices, which is achieved through the cost leadership generic strategy. Walmart it intends to take a bigger piece of Walmart's retail pie. 50 per share. By IANS-May 21, 2019. ” Going forward, Iyer hopes that the Centre will open up non-food retail to FDI. , these are the retail chains with the biggest global department store market shares:. Despite Walmart being a household name, regarded all over the world, mentioned in movies, and discussed openly online, it has its fair share of strengths and weaknesses. The Walmart U. Amazon leads US online grocery with 18% share. , according to the "Global Powers of Retailing 2019. “Customers are responding to the improvements we’re making, the productivity loop is working, and we’re gaining market share,” Doug McMillon, Walmart’s president and chief executive officer, said in a statement. Excluding Sam’s Club and Walmart International sales figures, Walmart contributed over $307 billion to the retail grocery industry in 2017, with over 4,600 locations providing services. 2/27/2018; Amazon vs. Walmart has been seeking India’s retail sector for years now, but due to existing foreign direct investment policies of India, it couldn’t camp his significant existence. 9 percent for. These are the top 19 Walmart Competitors. ) in cash and stock in a deal that. The NRF projects overall retail sales to grow between 3. retail giant Walmart that is considering a future UK stock market listing, saw its profit increase 9. in 2018, just about 14. It also rolled out additional private-label lines across. Retailer shares fall as Asda signals supermarket price wars This article is more than 3 years old Asda owner Walmart says it will prioritise sales volume over profit, causing Tesco, Sainsbury’s. The retail giant has been meeting with major brands pitching its new ad platform designed to take ad dollars away from, or at least bring some stiff competition, to the likes of Amazon, Facebook, and Google. Both Amazon and Walmart have grown their share over the past decade. About half of its more than 4,000 US stores sell firearms. by Sheng LuChina has one of the most lucrative and rapidly growing retail markets in the world. Walmart Inc. Walmart is taking on Amazon, Facebook, and Google with its new ad platform—and in other ways as well. retail industry reached $88. retail sales. Flipkart and Walmart deal would be good for the e-commerce market in India, told Amazon India head Amit Agarwal to mint in an interview. Our team of retail experts track the latest industry trends, deliver and analyse key news, and visit retailers and their stores around the world to provide you with commercial insights that will help you build stronger plans and work more effectively day-to-day. economic growth, as measured by gross domestic product, is reported quarterly. engages in retail and wholesale business. India's mom-and-pop stores are being weaponized, as Walmart and Amazon square off against India's richest man in the country's nascent online retail market. Retail pharmacies that focus on traditional drugs account for a majority of the industry's dispensed prescriptions but a decreasing share of the industry's revenues. Most popular online stores in the United States in 2018, by e-commerce net sales (in million U. • Competitiveness of every unit. Mintel's Market Data Reports offer a quick and in-depth look at a market, providing Market Sizes, Market shares, Industry insights and 5 years forecasts. Walmart employs 2,200,000 workers across the globe. Walmart, Inc. Consumers spend over $5. 1 percent globally. 6%) from the second quarter of 2018 while total retail sales increased 3. Amazon is a major Walmart competitor in Indian eCommerce market. Walmart has 205 stores in an area that includes north Texas, giving it nearly 38% of retail market share. Here at Walmart. This intensive. Amazon is gaining market share over Walmart across the U. Meanwhile, eBay will hold. Share on Twitter (opens new window) But Walmart is far from the only foreign grocer that has struggled in China in recent years. By combining this detailed information with and professional. Market Structure and Competition in the Retail Discount Industry led to the creation of three discount retail chains, Kmart, T arget and Wal-Mart, the average retail w age in a market. That’s more than the market share of the next five largest supermarket chains combined. 3 trillion on retail and food service products each year. • Wal-Mart is primarily a discount retailer. India’s mom-and-pop stores are being weaponized, as Walmart and Amazon square off against India’s richest man in the country’s nascent online retail market. It's time like these when it'd be great to consult with a retail marketing expert and get help turning things around — even if it's just for a single piece of advice. 8% year-on-year (nominal growth rate). retail chains also have a leading share of annual global department store sales. Who drives more will come down to increasing share in grocery and health/personal care services. 3 billion pounds (dollars 10. The global retail market was valued at USD 23,460 billion in 2017 and is expected to reach a value of USD 31,880. online grocery retail market revenue split, by type, 2017 (% share). com x Google. We work closely with brand developers, manufacturers, and retail outlets to ensure a smooth transition from product launch through consumer purchase. retail in 2018 - shop numbers, online and the high street please note that the report retail futures 2018 is being updated and completely re-written. It has over 11,100 stores in ~27 countries. 2019 was 2. Global Retail Market, Growth And Market Share Comparison, By. Airport Blvd. According to a submission by the Walmart, the Indian retail market size is estimated at $672 billion, 30-40 percent of which is B2B sales, while the combined market share of the Flipkart and. 3% year-on-year. 9% from 2018 to 2025. Self-Checkout System Market share is estimated to surpass USD 4 billion by 2024; according to a new research report by Global Market Insights, Inc. It should come as no surprise that Amazon holds the largest share of the U. 50 per share. “Organized Retail Market Expecting an Outstanding Growth Till 2024. Jan 03, 2018 · Amazon grabbed 4 percent of all US retail sales in 2017, new study says. 2018 Annual Report Walmart is Accelerating Innovation. Even South America has witnessed a surge in the demand for bakery items. It acquired a very large stake in Indian e-retail brand Flipkart to grow its presence in India. giant focuses on online sales in countries with higher growth. The Canadian retail market is highly consolidated, with five grocery “majors” commanding nearly 80 percent of the retail share of market (SOM): Loblaws (owns national drug chain Shoppers), Sobeys/Safeway, Costco, Metro (Ontario and Quebec only) and Walmart. Top four brands contributed to about 90% of the total market share. 1 percent globally. 1 seller of apparel in the U. The products or services are at the maturity stage in this quadrant. Share this with Facebook It plans to spend more on Walmart. Wal-Mart's Canadian operation is that country's third largest chain. Former Walmart CEO: Amazon 'Anti-Competitive' For Using AWS, Ad Profits To Sustain Retail Business. The Grocery Market Share Report Includes:. Its sheer size and deep pockets enable it to cut prices to attract more customers and take away market share from its main rivals Amazon and Target. Walmart lifted its full-year profit forecast Thursday after better-than-expected results on solid US consumer spending, communicating the company's confidence that earnings won't be significantly dented by trade tariffs. Walmart continues to have two retail clinic models. The list has changed very little over the past several years, thanks to retailers working smartly to modernize and reinvigorate their strategies and retail's measured pace of change. Changing of the guard at Walmart U. Global Retail Market, 2018, By Region, Value ($ Billion) 9. comparable sales increased 2. 3 billion yuan (US$701. On May 9, 2018, Walmart confirmed officially what had been rumored for weeks, and announced that it would pay $16 billion to acquire a 77% stake in Flipkart, an Indian online retail firm, translating into a valuation of more than $21 billion for a firm founded just over ten years ago, with about $10,000 in capital. Walmart employs 2,200,000 workers across the globe. Meanwhile, eBay will hold. Updated: May 07, 2018 14:30 IST Share Article U. Walmart Aggressively Pushes Its Market Share. 3 billion pound ($10. 4 percent in 2013 to 19. Walmart Inc's competitive profile, comparisons of quarterly results to its competitors, by sales, income, profitability, market share by products and services - CSIMarket. Wal-Mart's Canadian operation is that country's third largest chain. has a market capitalization of about $194 billion. How Kroger and Walmart are trying to be Amazon. -based Kroger Co. First Next Canada's Changing Retail Market Consumer Trends Update - Summer 2013 3. Walmart is also stepping up to the fight, as seen in this. The world's largest supermarket chain is U. Walton’s presence on the board will soon be visible, and so will Walmart’s intention to squeeze a large market share out of India’s e-commerce. opinions of the author and do not necessarily reflect those of Nasdaq. Even by the permissive standards of today’s Justice Department, Walmart’s market power is considered extreme. Aldi has already overtaken the Co-Op to become Britain's fifth biggest supermarket by market share, according to data from Kantar Worldpanel, while Lidl has pipped Waitrose for seventh place. Last Updated May 8, 2018 retail food sales rose four per cent during the year to $98. Analyst predict that it will grow to $1. Whiteside, who joined Walmart from American Express at around the same time Messing was hired, said that Walmart’s marketing operations team will report to Rich Lehrfeld, the company’s senior vice president of brand marketing, creative and media. Walmarts' competitors and its Market Share by Wal-Mart Stores, Sams Club, Total segment - CSIMarket Sector • Retail Industry WMT's Competition by Segment. retail sales report for December, with sales up 4. engages in retail and wholesale business. com and other eCommerce brands. Net sales, which exclude membership fees and other income sources, reached $478. but not enough to support the case. Sep 10, 2018 · Amazon will be the No. 1 Billion dollars. James Root with a combined 80% market share of the world’s largest e It is data that will help Walmart build more. 8% year-on-year (nominal growth rate). Excluding Sam’s Club and Walmart International sales figures, Walmart contributed over $307 billion to the retail grocery industry in 2017, with over 4,600 locations providing services. 68 million) in Wal-Mart India Pvt Ltd. Time will tell if its efforts pay off, but for now, Walmart's moves resulted in a fairly stagnant market year, excluding a jump in share value during the transition between 2017 and 2018. When you combine these two properties, Walmart can be charted as a STAR on the BCG matrix. Nutritional Products International specializes in helping companies to launch and market new and existing products throughout the United States. Perhaps even more impressive for the retail giant, Walmart already has outpaced eMarketer's July 2018 forecast, which indicated that it would capture a 3. Walmart captures more retail spend, but Amazon is catching up. (Walmart’s market value ended the day’s trading a bit above $230 billion, with little movement in the after-hours. Walmart has agreed to sell its British unit, Asda, to local rival Sainsbury's in a 7. The Grocery Market Share Report Includes:. The products or services are at the maturity stage in this quadrant. Opinion 10 surprising retail predictions for 2018 The industry is hitting a tipping point, writes consultant Christopher Walton, and retailers should brace themselves. Aug 16, 2018 · The fight between Walmart and Amazon — one of the hottest stories in the retail in the online share fight, Walmart's key market share has risen to 46% in 2017 from 24% in 2012 while. stood at $118 billion in the fiscal year ended 2018, down nearly 14. 2019 was 2. Wal-Mart and Costco have made market share gains in the Canadian retail market in recent years, a new government report says. Walmart Inc. The retail king has lost its crown. 41 billion in revenue each year. com and cut back on marketing for its Jet. As the market is abuzz with the talk of a possible merger between the two e-commerce giants in the country, Flipkart and Amazon, the question that is raging now is whether the merger, if at all it. 1 percent of total sales while number-two Wal-Mart has e-commerce. Retail pharmacies that focus on traditional drugs account for a majority of the industry's dispensed prescriptions but a decreasing share of the industry's revenues. com's strong customer experience has helped it grow revenues to $55. isn’t the only corporation that has seen its Tesla Inc. grocery shoppers purchased grocery online. , with $119. Our findings illustrate the failure of contemporary antitrust policy. Distribution strategy in the Marketing strategy of Walmart- Walmart operates in 27 countries globally apart from the United States in categories such as retail, wholesale & others. Despite Walmart being a household name, regarded all over the world, mentioned in movies, and discussed openly online, it has its fair share of strengths and weaknesses. - Market share and large customer base - Walmart's pricing strategy and quality have helped Walmart acquire the largest market share of all the US retail brands. Enjoy free same-day pickup when you order before 1pm. 41 billion in revenue each year. Opinion 10 surprising retail predictions for 2018 The industry is hitting a tipping point, writes consultant Christopher Walton, and retailers should brace themselves. Baby Boomers love Walmart but they are aging out of the market and will likely cause sales issues in the future if Walmart fails to grab the Generation Y crowd. Last year’s acquisition of Whole Foods raised tensions between Amazon and the retail community to new heights, and Walmart, the retail giant of the 20th century, is now making it clear that the. View Additional Information About Walmart. Nutritional Products International specializes in helping companies to launch and market new and existing products throughout the United States. In 2017, FDI in the U. Walmart is buying roughly 77 percent stake in Flipkart after almost two years of on and off talks as it looks to boost market share against Amazon, which also expressed interest in making a. Walmart’s share of the Charlotte grocery market dropped from 22. Live BSE/NSE, F&O Quote of Avenue Supermarts Ltd. About Grocery Market Share Ireland. Retail locations are spread out all over the United States, but not every location has a pharmacy inside. , these are the retail chains with the biggest global department store market shares:. , Delta Air Lines, HanesBrands, Walmart, and Calpine Market Influences Renewed Outlook, Key Drivers of Growth. namesake stores in the fourth quarter. The non-core competencies are organizational resources and capabilities that the retail business uses to protect its market share from further erosion due to competition. Toy companies and retailers alike, whether they are big or small, who are nimble enough to react faster and get to market more quickly, are the ones who will win in the long term. A study conducted by Market Track found that on average Wal-Mart’s recent prices were only 0. S retail giant Walmart acquired Flipkart's 77% controlling shares for US$ 16 billion. The agency also expects Walmart's US retail e-commerce sales to slow down this year, to 32. Are you a fan of Walmart? It’s always in the news or the butt of online jokes. A company spokesperson says Walmart will continue to treat “law-abiding customers with respect” and it will have a “non-confrontational approach. Master of Science (Applied Geography), May 2011, 57 pp. However, Wal-Mart's international operations spread across 14 markets outside US, has been a mixed bag of. We break down the demographics of shoppers at Walmart, Target, Kohl's, Kmart, and Aldi. on “stock buybacks,” formally known as open-market share repurchases, in 2018 and 2019. Sears Canada is about to close all of its stores, releasing millions of square feet of space to fill. 61 bn), up by 8. Global online retail sales are estimated to reach 8. Estimates are based on the analysis of data from other research firms and government. Oct 18, 2018 · business Retail. and is poised to surpass the giant in 2018. However, if the strategies are not retained properly, it could turn into cash cow. Research provider eMarketer Retail calculates that Walmart is set to capture 4 percent of all online retail spending in 2018, Apple's online sales market share went up, not down. In fact, the retail giant may surpass Amazon as the top online grocery business in the U. The top 10 companies' sales share represented 70. 6 per cent increase in market share in food, consumables, and health and wellness. Global Powers of Retailing 2018. , but competition is already cutting into their market share. Walmart’s recent Q3 results showed again a huge increase (43%) in eCommerce growth. First Next Canada's Changing Retail Market Consumer Trends Update - Summer 2013 3. On the 28th June 2018, Google announced a $550 million investment in JD. Ostrander, Anthony P. Other than Huawei, vivo was the only other vendor at the top of the market that was able to grow shipments in 1Q19 with volumes up 24. Three-quarters. Trussell believes Walmart might eventually match Amazon's online grocery sales. The retail industry as a whole is in a state of transition, and 2018 will prove to be an interesting year. Top four brands contributed to about 90% of the total market share. Wall-Mart Sales by Department Statistics Percent of Sales Electronics 16 % –Televisions 4. Its share at the end of 2017 was 5. According to a new research report from Banc of America Securities, based on The Stevenson Company’s quarterly TraQline syndicated survey, Wal-Mart expanded its dominance over the. 18 leaders to watch in 2018 can continue to subsidize Amazon's retail efforts and market share gains. Kantar’s Grocery Market Share data is derived from Worldpanel’s research covering the household grocery purchasing habits of 40,000 demographically representative urban households in China for their consumption at home. We announced planned expansion of online grocery pickup to over 2,100 U. When Walmart announces its Q4 earnings, the expectation is that the public will get a view into how it is faring in its battle with Amazon for market share. Its ecommerce initiatives. Walmart Inc. Walmart defied a gloomy U. Auto Parts Retail Report 2018. - Market share and large customer base - Walmart's pricing strategy and quality have helped Walmart acquire the largest market share of all the US retail brands. Store closures are up as online shopping grows—but other measures suggest brick-and-mortar retail is still doing OK. has a market capitalization of about $194 billion. The table below also lists the top Walmart competitors and elaborates Walmart market segmentation, target group, positioning & Unique Selling Proposition (USP). processing industry produced $211. Sales online could be worth $200 billion by 2026, Morgan Stanley said. The 2018 Retail Apocalypse, in 6 Charts and a Map Stock market funds. Walmart’s online expansion has come at a cost to profitability and losses at the U. Reliance’s Jio ecosystem is the fourth area of strength. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Retail systems include barcode scanner, ATM, check stand, and weighing scale. 4 Source: Deloitte Touche Tohmatsu Limited. Top four brands contributed to about 90% of the total market share. Because Amazon has yet to become a major player, the short-term effect on the overall structure of the retail food industry may be minimal. All data is based on the value of items being purchased by these consumers. grocery sales in the first quarter of 2018 rose nearly 50 percent, up to an estimated $650 million, led by coffee, beverages and snacks, according to ecommerce data analyst One Click Retail. You'll also find Walmart's lowest prices on picnic items like paper plates, napkins, plastic cups, plasticware and more, should you want to take your meal to the great outdoors. Against this backdrop, here are my top retail trends for 2018. Those sales grew 47. The online retail market in India has more than tripled since 2015, but it is only expected to contribute to 2. Walmart it intends to take a bigger piece of Walmart's retail pie. For more information or to request a custom grocery research project call 1‑800‑927‑9292. 3% higher than Amazon; in comparison, Wal-Mart was 3. 1 and 2, according to exclusive annual. com’s sales grew by 8% while whiles revenues fell by 1. Dominate the Retail Market wherever Wal-Mart has a presence. We observe, question, test. It has higher sales and revenue as compared to other supermarket chains in Great Britain. Ostrander, Anthony P. This report covers market characteristics, size and growth. Walmart has at least seven sustainable competitive advantages, which are shown in the VRIO/VRIN analysis table. 50 Companies to Watch in 2018; Where to Invest $1 Million Walmart and Target Showcase Retail's ‘Renaissance' “There are billions of dollars in market share up for grabs and we are. That's why we're calling it the Retailer of the Year for 2017. 6% by 2020, the Telsey analyst wrote, saying that much of the growth will come from its investment in the grocery business following the acquisition of Whole Foods Market in 2017. com, Chinese B2B website 1688. It's not Monday anymore, but Walmart's deals are still hot. New iPhones will require millions of new displays. Kantar Retail/ShopperScape Target and Kmart have the highest share of Hispanic shoppers (15%) and. Oct 03, 2018. 8 percent in 2014, and Harris Teeter went from 20. 5 % –Laptops 3. This was the list for top 10 largest retail companies in the world by 2019 that have established themselves as the major firms in the retail industry. Meanwhile, Walmart’s profits were just $9. Shop Walmart's food selection online anytime, anywhere. Walmart continues to have two retail clinic models. Contrary to appearances, this isn’t a play by Google against Amazon. Enjoy free same-day pickup when you order before 1pm. By 2029, 171 Colruyt stores. The online giant has more than 80% of conversions in the first quarter of 2018 compared to other e-commerce sites across diverse product categories, according to the “State of the Amazon Era Data Report, Q1 2018,” from Jumpshot. This intensive. 6 per cent increase in market share in food, consumables, and health and wellness. Walmart has added e-commerce business to its thriving physical hypermarkets to top our list as the world’s richest company in terms of revenue. -based Kroger Co. Walmart is buying roughly 77 percent stake in Flipkart after almost two years of on and off talks as it looks to boost market share against Amazon, which also expressed interest in making a. 5 times larger than Target’s $44. Anthony Soohoo, svp and group gm of Walmart eCommerce, wrote in a blog. Winning a significant share of this massive $1. Sales online could be worth $200 billion by 2026, Morgan Stanley said. 3% in 2017 and 2018. Global Retail Market, 2014 - 2022, Historic And Forecast, By Region 9. Here at Walmart. Walmart’s moves will reduce its market share of ammunition from around 20% to a range of about 6% to 9%, according to Tuesday’s memo. People go for the low prices, but they rather not stay. Big box retailers like Target and Walmart have been vocal about wanting to capture Toys”R”Us’ market share. , these are the retail chains with the biggest global department store market shares:. Asda was the second-largest supermarket chain in Britain between 2003 and 2014 by market share, at which point it fell into third place. Updated Apr 3, 2018, 12:27pm EDT. Retailer shares fall as Asda signals supermarket price wars This article is more than 3 years old Asda owner Walmart says it will prioritise sales volume over profit, causing Tesco, Sainsbury’s. Posted via Industry Today. com’s traffic and helped its market share grow in every major online category, according to GlobalData Retail. In 2017, Walmart proved it can compete in a new era. Walmart's e-commerce business grew by 40% in 2018, per earnings reports. Complex Market Manager Walmart April 2018 – Present 1 year 7 months. “Sentiment is upbeat and spending fairly carefree. and abroad. Apart from the U. With 34 years of wholesale and retail industry experience, Jay has assisted in developing over 900 successful natural products retail stores in the U. According to its 2018 annual report. New York — Best Buy and Wal-Mart continued to gain market share in consumer electronics at the expense of other national chains during the third quarter. The Grocery Industry Market Share Report is a comprehensive database that measures the sales performance of grocery retailers and their competitors across 900+ Core Based Statistical Areas. online grocery retail market revenue split, by type, 2017 (% share). In Brazil, Walmart has struggled to gain traction after a decade, while in the United Kingdom it has been unable to stem market share declines to hard discounters like Aldi Inc and Lidl. Walmart has the largest market share in the Greensboro-High Point market, which includes Guilford, Randolph and Rockingham counties. Market share of this group rose 4. WALMART SHOPPER RACE/ETHNICITY. In 2018, the act of buying commodities (i. Retail Industry Statistics and Market Size Overview, Business and Industry Statistics. Therefore, the retail sales report is a more current measurement of economic health. Retail pharmacies that focus on traditional drugs account for a majority of the industry's dispensed prescriptions but a decreasing share of the industry's revenues. While a bit obvious, if a lemonade company has sold 30 million. Walmart’s share of the Charlotte grocery market dropped from 22. Kroger is also the third-largest retail company in the world based on revenue, behind Wal-Mart Stores Inc. For brick & mortars, creating exciting in-store experiences promises to bring back customers once thought lost to online shopping, while online retailers are finding new ways to win over consumers and grow their market share. Major actors within the Canadian Retail Marketplace. 8% from 2018, and the 20 th consecutive quarter of growth. Photo: Ste Smith/Cult of Mac The iPhone will gain market share as Samsung loses its grip in 2018, according to new predictions. At that time, Sears and Kmart dominated the retail market. Walmart Inc (NYSE: WMT) had a monster 2018 holiday shopping season. “Customers are responding to the improvements we’re making, the productivity loop is working, and we’re gaining market share,” Doug McMillon, Walmart’s president and chief executive officer, said in a statement. Jayson to leverage the key attributes that fuel its dominance in physical retail. Greater New Orleans Area. Despite Walmart being a household name, regarded all over the world, mentioned in movies, and discussed openly online, it has its fair share of strengths and weaknesses. Expert industry market research to help you make better business decisions, faster. By 2029, 171 Colruyt stores. Economic slowdowns will shift customers to stores with cheaper offerings like walmart 2. Walmart's e-commerce business grew by 40% in 2018, per earnings reports. About Grocery Market Share Ireland. retail sales entering 2018, according to U. The Grocery Industry Market Share Report is a comprehensive database that measures the sales performance of grocery retailers and their competitors across 900+ Core Based Statistical Areas. Walmart employs 2,200,000 workers across the globe. That’s more than the market share of the next five largest supermarket chains combined. Retail Industry Statistics and Market Size Overview, Business and Industry Statistics. But, but, but: This is a tough battle, and it's not clear who is winning. 2017 was supposedly the year ecommerce pummeled the brick-and-mortar retail sector, creating what analysts called a “retail apocalypse. Strategic Goals Three successful elements and a fourth element of Walmart strategy formulation: 1. Walmart's ex-CEO Bill Simon slammed Amazon for using its cloud and ad revenues to bolster its so. Since that time, we have had 11 two-for-one (2:1) stock splits. 8%, excluding fuel. 5% market share in China's highly competitive B2C [business-to-consumer] e-commerce industry and making it the largest online direct retailer in China. Walmart fights back against e-commerce giants like Amazon by using machine learning to roll out competitive product offerings in a race to omni-channel supremacy. 5 % –Women. Wal-Mart must. France’s massive Carrefour. Walmart has a market capitalization of $339. The products or services are at the maturity stage in this quadrant. A recent story on businessinsider. Toy companies and retailers alike, whether they are big or small, who are nimble enough to react faster and get to market more quickly, are the ones who will win in the long term. In 2016, Walmart sold its online business in China to pick up a stake in China’s no 2 retailer JD. by Sheng LuChina has one of the most lucrative and rapidly growing retail markets in the world. It's because of this type of behavior that the government should intercede. 4 billion in 2018, according to. Retail sales are used to predict consumer spending trends.