By James O’Neill / Business Insider When it comes to the trade of goods and services, retailers and online sellers are the two biggest players in the online retail industry.
It’s why the retail industry is booming.
But the retail business is growing at a slower pace than the other two sectors combined, according to a new study by consulting firm Mercer.
The retail trade is still growing faster than the overall economy, but that’s due to the fact that the trade is booming at a rate that’s still less than the economy as a whole, Mercer said.
The study, which looked at sales activity from retail to non-retail, showed that the retail sector was growing at an annualized rate of 6.1% in 2016, while the overall sector saw a rate of 5.1%.
That slower growth is mostly due to fewer people choosing to shop online than buying things online, Mercer found.
The overall market for online purchases is growing faster and is growing more rapidly than the retail market, but the retail space is growing less rapidly than that market.
Mercer said the growth of the retail marketplace has slowed in recent years, and while it’s possible to look at the retail segment as an aggregate and not just a part of the overall economic picture, the decline in online sales growth is an important part of that.
For the first time, Mercer’s study showed that retailers are struggling to compete with the likes of Amazon and Ebay.
And while the average amount spent per transaction by a retail buyer was about $8.38 in 2016 and $12.70 in 2015, Mercer reported that this trend is accelerating.
Mercer’s report said online retail transaction growth has slowed to about 4% in 2020 and about 2% in 2021, and that this growth rate will slow even further in the coming years.
Mercher also found that online sales were falling in the United States, with the average retail transaction being about $7.39 in 2020, down from $8 in 2015.
The reason is because online retailers have to compete against a much larger number of other retailers than they do on the ground, Mercer explained.
Merchants research showed that only 3% of all retail customers are buying items from online retailers, but this percentage is growing by 4% annually.
This means that online retailers are able to keep up with retailers selling items online.
Merriam said online retailers may not have the same level of experience as brick-and-mortar retailers in terms of dealing with the types of orders they’re able to accept.
The online retail market has grown faster than all other retail markets combined, Mercer added.
Merriches report also showed that online shoppers are buying more products online than they are buying in person.
Merrie’s research also showed a lot of the online commerce activity in 2016 came from people shopping at brick- and-mortars.
This trend could be due to increased awareness of online shopping and the growth in online shopping platforms like Amazon and eBay, Mercer predicted.
Merrier also found retailers are still spending more money on online payments than in-person transactions, which means there’s a chance that online shopping will continue to grow.
Mercedes-Benz, for example, reported that it expects its online business to grow at a 6% rate in 2020 compared to 7% in 2015 and 8% in 2019.
The Mercer report found that Amazon was the second largest seller of items online, with about $2.7 billion worth of purchases in 2016.
The other top sellers were Walgreens, with $1.8 billion, and Walmart, with more than $1 billion in 2016 sales.
Merriscu also found Amazon is continuing to expand its reach and influence, as it has a number of partnerships with retailers like Whole Foods and other retailers.
Merrell also found the online business is becoming more complex.
In the future, the overall online retail business will be largely controlled by brick-salesmen.
The rise of Amazon’s online business, and the increasing presence of online retailers in the overall retail market and the online economy as well, will lead to greater complexity in the digital marketplace, Mercer warned.
The report also pointed out that the rise of online commerce will also make it harder for online businesses to retain and attract talent.
Merriam found that the number of people in the US who are interested in joining an online retail or non-Retail business is falling.
Mercer said the number will likely fall by more than 1 million people over the next 10 years.
In addition, Mercer noted that the growth and popularity of online retail are likely to accelerate as more people choose to shop and buy on Amazon.
This will create an even greater opportunity for online retailers to compete in the offline retail marketplace, as well as to build a digital presence for their online businesses.
Merrill also found a number people are starting their own businesses as part of this trend.
Mercer found that in 2016 there were 5.2 million online retailers and 7.