The turnover in the retail sale in non-specialized stores sector in Norway is forecasted to grow consistently from 243.07 billion NOK in 2024 to 263.61 billion NOK in 2028. As of 2023, the turnover stood at 238.00 billion NOK. Analyzing the year-on-year percentage variations, the sector is expected to grow by approximately 2.14% in 2025, 2.08% in 2026, 2.02% in 2027, and 1.96% in 2028. The compound annual growth rate (CAGR) over the five-year period, from 2024 to 2028, is projected to be around 2.05%.
Future trends to watch for include:
- The impact of digital transformation and e-commerce on traditional retail stores
- Consumer behavior shifts towards sustainable and eco-friendly products
- Economic factors such as inflation and disposable income influencing retail spending
- Technological advancements in supply chain and inventory management
