We’re all dreaming of jumping on a plane these days and jetting off to warmer climes. But should retailers be looking overseas to drive growth?

It’s certainly not an easy journey: many British retailers have tried and failed to expand abroad. But for those who are prepared to take the plunge and have a proposition worth shouting about, the prospects are hopeful.

GlobalData predicts that global retail sales will grow by 28.4% to $31.09bn over the next five years, a growth rate that is flattered by poor performance in 2020 due to Covid-19. Global retail increased by just 1.6% last year to $24.21trn. Over the past five years (2015 to 2020), global retail sales grew 19%.