The retail industry has never been so crowded.
According to the latest National Retail Federation survey, retail stores are closing more quickly than they were during the recession, while the average shopper is spending more time shopping online.
That trend is expected to continue, as consumers start to move online more often and consumers spend more money online.
The retail sector has experienced an expansion that has been fueled by online shopping, with more than one million stores open since 2017.
That’s more than any other sector, according to the survey.
The survey, which is based on retail surveys conducted by independent research firms, said retail sales grew 4.2% in the third quarter and grew 5.5% in 2018.
More than 1.2 million people work in the retail industry, according the survey, and that number will likely grow as shoppers choose to shop online and save on their purchases.
While the retail sector is experiencing a strong rebound, the industry is still facing a number of challenges.
In addition to the economy, retailers are struggling to maintain supply and maintain high sales.
That makes it tough for retailers to attract customers.
That is where digital shopping becomes a major opportunity for retailers.
In 2018, online retailers accounted for 16.6% of the retail business, according a report from Bank of America Merrill Lynch.
That number is expected grow to 18.1% in 2019 and 20.5%, according to a report by Zillow, a real estate research firm.
The report said the trend has been driven in part by the popularity of Amazon and other online retailers.
As people use more devices to shop, retailers will need to make up the lost revenue from the reduced sales by offering more promotions.
That can only help the industry, said David R. Gorman, chief executive of RBC Capital Markets, in a report.
In fact, some retailers are already looking to digital to offset lost revenue.
RBC has an internal survey that will look at which retailers are most likely next to offer a digital discount, and if they are doing so well, they will be able to attract new customers, said Gorman.
The retailers could also offer discounts that are not currently available.
Those digital discount offers, however, could come with strings attached.
Rancher George H.W. Bush, whose family owns several stores in the region, said he’s planning to open up his own online store in 2020, and he’s looking for new retailers to help him.
The Bush family has been able to tap into the consumer base by offering a variety of products, he said.
Some retailers, such as Gap Inc., already offer discounts to customers with their clothing, which can help to offset the lower sales of digital retailers.
However, retailers like Gap may not be able find the sales that are needed to make ends meet, according Gorman in the report.
The economic impact of the online shopping boom will continue to grow as people are spending more on goods and services online.
According the latest data from the Census Bureau, online spending grew by 1.4% in 2020 compared to the same period in 2017.
The consumer spending on goods was up by 3.5%.
That is the fastest growth rate of any category since the mid-2000s, according TOF Data.
That includes the consumer spending for cars, furniture, appliances and other consumer goods, which was up 7.2%.
More: The survey said the total value of goods sold online in 2020 was $8.9 trillion.
Retailers and consumers have always had a relationship.
The internet is a major factor in bringing people into the retail store, Gorman said.
The industry has been on a roller coaster ride for the past five years, with the financial crisis and the global recession.
The recession in 2016 hit consumers hard, but the recession that followed in 2017 also led to a number people returning to the job market.
It’s unclear what the impact of those two events will be on the retail market.
Golledge & Fisher, a financial services consulting firm, expects retail spending to fall this year, but its estimate is lower than the overall survey.
G&F says retail spending could fall by as much as 1% this year.
That means retailers are likely to experience a negative impact on their bottom line.
Retail spending has been growing steadily since 2014, when consumer spending peaked at $3.7 trillion.
In 2017, consumer spending totaled $5.4 trillion.
The national average retail spending for the quarter was $4,854.83, according data from Experian.
In 2020, retail spending totaled more than $3 trillion, the lowest amount since 2009, according Experian data.