Total retail sales in France witnessed positive growth over the historic period, which is further expected to continue to 2020. However, rising concerns around unemployment and the country’s financial crisis had a major influence on consumer confidence, which reduced consumer spending levels. Demand for products reduced to some extent as consumers limited their spending to daily essentials. In spite of the slow growth of total retail sales, the online retail channel is poised to witness a considerable CAGR of 10.9% over the next five years, on the back of increasing penetration of internet, mobile, and broadband users.
• Retail expenditure to increase by €30 billion by 2020
• Food and grocery accounts for a major share of the country’s total retail sales
• E-commerce will be the only channel to register high growth rates over the forecast period
• Aging population and single households will be prime focus groups
“Retailing in France– Market Summary & Forecasts, 2015–2020” provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to the French retail environment. In addition, it analyzes the key consumer trends influencing the French retail industry.