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Study: Retail industry sales growth to hit 3% annually through 2021

January 23, 2018

The retail industry sales outlook is pretty healthy, with a 3 percent annual growth rate through the next three years, according to a Zebra Technologies-IHL Group Study.

The growth reflects an increasing investment in technology by retailers to improve operations and enhance the shopping experience. The study also noted there were more retail store openings than closures and predicted openings will outpace closures through 2021. The study also expects ecommerce to hit higher than $1.5 trillion in the same time frame.