The Impact of Bitcoin on The Global Economy is a emerging trend, Bitcoin has firmly made it to the mainstream. The report identifies the 250 largest retailers around the world based on publicly available data for FY2018 (fiscal years ended through 30 June 2019), and analyzes their performance across geographies and product sectors. Russian regions. Besides, Stock Markets around the world have been pounded and […] Social and Economic Significance of Retailing The retailer acts as a link between the customer and the marketer, who is responsible for selling the ultimate products and services to the customers. Regression analysis was used to assess the impact of online retail on economic growth in . Malls – several retail stores operative in one place form a mall. But today, the story is quite different. Five ways online shopping impacts offline retail corporations. The impact of the alterations in the format of the retail sector changed the lifestyle of the Indian consumers drastically. At present the organized retail sector is catching up very fast. The outbreak of pandemic Covid-19 all over the world has disturbed the political, social, economic, religious and financial structures of the whole world. A mall would include many shops each one selling their own merchandise however at a common platform. World’s topmost economies such as the US, China, UK, Germany, France, Italy, Japan and many others are at the verge of collapse. COVID-19 could affect the global economy in three main ways: by directly affecting production, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. 2 Analysis of online retail impact on economic gro wth in Russian regions . At one time, few people have thought that Bitcoin is only an obscure hobby or a pipe dream that will die out in the next few years. The evident increase in consumerist activity is colossal which has already chipped out a money making recess for the retail sector of Indian economy. The economic damage caused by the COVID-19 pandemic is largely driven by a fall in demand, meaning that there are not consumers to purchase the goods and services available in the global economy. The U.S. Department of Commerce reports that in 2015 retail sales grew modestly—1.4 percent over 2014. In the entire complicated process of marketing, retailer acts an intermediary in the complex marketing & … Yet the portion of retail sales in the online world has ticked up substantially. A Forrester Research study predicts that by 2018, internet shopping will account for 11 percent of all purchases. Deloitte’s Global Powers of Retailing 2020 reviews the global economic scenario and its impact on the retailing industry. However, a great deal depends on the public’s reaction to the disease.