Retail And Wholesale Global Market Briefing Report 2016 Released By The Business Research Company Retail And Wholesale Global Market provides strategists, marketers and senior management with the critical information they need to assess the global Retail And Wholesale sector. The total value of the retail & wholesale market globally in 2015 was $xx billion. Related to a world population of more than xx billion in 2015 this equates to about $xx per person globally. Given that World Domestic Product was approximately $xx trillion in 2015, the industry accounts for up about xx% of the global economy. In 2014 total retail sales for China were $xx trillion and for India $xx billion. Online retail sales account for roughly xx% of total sales, or $xx trillion. China and the USA are the world’s biggest e-commerce markets, with their combined sales totaling more than xx% of the world's online retail sales in 2014.
Retailers provide the service of making goods available to consumers in convenient quantities and locations. Retailing involves buying from wholesalers or direct from manufacturers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. Wholesalers are independent organizations in the distribution channel that buy in bulk and sell to resellers rather than to consumers. Both retailers and wholesalers take ownership of the goods and so bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from manufacturers to consumers. Specialty stores, supermarkets, convenience stores, discount stores, department stores and factory outlets are among the main retail store formats.