"Western Europe registered its biggest increase since 2008, while Eastern Europe experienced its biggest slowdown with 6% growth due to the conflict in Ukraine and economic sanctions on Russia," said Daniel Latev, Head of Retailing at Euromonitor International.
Online retailing is set to generate a third of all new retail sales, driven by strong growth in both emerging and developed markets. Mobile internet retailing will account for 32% of internet retailing sales compared to 18% in 2014. Euromonitor International forecasts internet retailing to increase by 15% CAGR to reach US $1.7 trillion by 2019, making multichannel operations key for all retailers looking for growth.