The turnover in the retail sale in non-specialized stores sector in France has experienced moderate growth between 2013 and 2023. Despite some fluctuations, including a noticeable dip in 2015, the sector has generally trended upwards. In 2023, the turnover stood at €267.85 billion. The last two years showcased stable increases, with a year-on-year growth of around 1.94% in 2023. Over the last five years, the sector saw an average annual growth rate (CAGR) of 1.77%.
Looking forward, the forecast indicates continued growth, albeit at a slightly decelerated pace. By 2028, turnover is expected to reach €292.53 billion, reflecting a 5-year CAGR of 1.4%. This growth is estimated to amount to a total increase of 7.2% over the five-year forecast period from 2024 to 2028.
Future trends to watch for include:
- Increased adoption of digital transformation and e-commerce within the sector.
- Shifts in consumer behavior towards more sustainable and ethical shopping practices.
- Impact of economic conditions and policy changes on consumer spending.
- Integration of innovative in-store technologies to enhance the consumer experience.
