The Coresight Research Market Sizes Databank offers an overview of key retail market or sector sizes in the US, including our projections for future years. The Databank covers the following sectors: Total retail sales and online retail sales Apparel, footwear and accessories, including e-commerce data Grocery, including e-commerce data Department stores, including e-commerce data Personal luxury goods Total Retail Sales and Online Retail Sales (USD Bil. and YoY % Change) Total US retail sales includes all retail trade excluding gasoline and automobiles. wdt_ID Category 2017 2018 2019 2020 2021 2022 2023E 2024E 2025E 2026E 1 Total Retail Sales (USD Bil.) $3,378 $3,528 $3,651 $3,934 $4,501 $4,813 $4,957 $5,141 $5,331 $5,528 2 YoY % Change 3.6% 4.4% 3.5% 7.8% 14.4% 6.9% 3.0% 3.7% 3.7% 3.7% 3 Online Retail Sales (USD Bil.) $410 $469 $528 $767 $897 $993 $1,083 $1,203 $1,314 $1,435 4 YoY % Change 16.3% 14.2% 12.6% 45.3% 16.9% 10.7% 9.0% 11.1% 9.3% 9.2% 5 E-Commerce Penetration (Online Retail Sales as % of Total Retail Sales) 12.2% 13.3% 14.5% 19.5% 19.9% 20.6% 21.8% 23.4% 24.6% 26.0% Data exclude sales taxes; ex. gasoline and automobiles Source: US Census Bureau/Coresight Research Data as of February 1, 2023 Consumer Spending on Apparel, Footwear and Accessories (USD Bil. and YoY % Change) wdt_ID Category 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E 1 Total Apparel, Footwear and Accessories Spending (USD Bil.) $375.8 $386.5 $393.0 $353.3 $455.7 $485.7 $476.2 $486.7 $498.1 $510.4 2 YoY % Change 1.2% 2.8% 1.7% -10.1% 29.0% 6.6% -2.0% 2.2% 2.3% 2.5% 3 Online Apparel, Footwear and Accessories Spending (USD Bil.) $70.7 $83.7 $95.5 $119.4 $143.3 $156.5 $164.1 $164.1 $175.4 $190.0 4 YoY % Change 22.1% 18.4% 14.1% 25.0% 20.0% 9.2% -0.4% 5.3% 6.9% 8.3% 5 E-Commerce Penetration (Online Apparel, Footwear and Accessories Spending as % of Total Apparel, Footwear and Accessories Spending) 18.8% 21.7% 24.3% 33.8% 31.4% 32.2% 32.7% 33.7% 35.2% 37.2% Data include sales taxes Source: US Bureau of Economic Analysis/Coresight Research Data as of September 6, 2022 Grocery Market Sales (USD Bil. and YoY % Change) Total grocery market sales include retail sales from stores classified under “Grocery Stores” by the US Census Bureau and grocery sales of select major retailers in the mass merchandiser, warehouse club and discount-store sectors. wdt_ID Category 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E 1 Total Grocery Sales (USD Bil.) $1,045 $1,083 $1,124 $1,248 $1,302 $1,409 $1,464 $1,506 $1,552 $1,605 2 YoY % Change 3.3% 3.6% 3.8% 11.0% 4.3% 8.2% 3.9% 2.9% 3.1% 3.4% 3 Online Food & Beverage Sales (USD Bil.) $14.8 $21.1 $29.6 $57.5 $67.9 $77.3 $86.7 $96.0 $105.3 $114.7 4 YoY % Change 12.4% 42.5% 40.4% 94.4% 18.1% 13.8% 12.2% 10.7% 9.7% 8.8% 5 Food & Beverage Retail Spending (USD Bil .)* $963 $990 $1,021 $1,135 $1,223 $1,307 $1,349 $1,373 $1,412 $1,453 6 E-Commerce Penetration (Online Food & Beverage Sales as % of Total Food & Beverage Retail Spending) 1.5% 2.1% 2.9% 5.1% 5.6% 5.9% 6.4% 7.0% 7.5% 7.9% *Consumer spending on food and beverages through all retail channels Data exclude sales taxes Source: IRI E-Market Insights™/US Census Bureau/US Bureau of Economic Analysis/Coresight Research Data as of September 6, 2022 Department Store Sales (USD Bil. and YoY % Change) Sector size represents traditional, full-range department stores, excluding off-price retailers but including off-price segment sales of department store retailers (e.g., Nordstrom Rack, Macy’s Backstage). wdt_ID Category 2017 2018 2019 2020 2021 2022 2023E 2024E 2025E 2026E 1 Department Store Sales (USD Bil.) $108.3 $103.1 $96.1 $63.9 $85.7 $85.5 $85.3 $84.6 $85.9 $87.2 2 YoY % Growth -2.3% -4.8% -6.8% -33.5% 34.1% -0.3% -0.2% -0.9% 1.6% 1.5% 3 Online Department Store Sales (USD Bil.) $22.6 $24.1 $25.0 $28.1 $28.8 $27.4 $28.3 $29.1 $30.3 $31.4 4 YoY % Growth 14.6% 6.8% 3.5% 12.4% 2.5% -4.9% 3.3% 2.8% 4.1% 3.6% 5 E-Commerce Penetration (Online Department Store Sales as % of Total Department Store Sales) 20.9% 23.4% 26.0% 44.0% 33.6% 32.1% 33.2% 34.4% 35.3% 36.0% Data exclude sales taxes Source: Company reports/Coresight Research Data as of February 1, 2023 Personal Luxury Goods Sales (USD Bil. and YoY % Change) The US personal luxury goods market size includes apparel, accessories, beauty, footwear, jewelry and watches, and excludes experiential luxury categories, such as art, hospitality, travel, vehicles and wines and spirits, as well as the secondhand luxury market. wdt_ID Category 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E 1 Luxury Sales (USD Bil.) $75.8 $79.4 $83.6 $68.6 $84.0 $91.2 $95.7 $99.1 $101.1 $104.6 2 YoY % Growth 5.8% 4.8% 5.3% -18.0% 22.5% 8.5% 5.0% 3.5% 2.0% 2.2% Data exclude sales taxes Source: Company reports/Coresight Research Data as of September 6, 2022 This report is for Premium subscribers only. Learn more about subscriptions here.
