Retail Trade in the US
The Retail Trade sector comprises twelve diverse subsectors of the US economy, from food and beverage stores to motor vehicle and parts dealers. Retailers purchase merchandise from suppliers that is then sold through both brick-and-mortar establishments and nonstore outlets, including via mail-order, door-to-door sales, kiosks and Internet mediums. While some products sold by retailers are staples, others are more discretionary in nature. Over the five years to 2018, retail operators have benefited particularly from increases in per capita disposable income and consumer spending, which have enabled consumers to increase their purchases of discretionary goods. Over the five years to 2023, the Retail Trade sector is expected to continue growing, albeit at a slower rate than the prior five years.
The Retail Trade sector is the final step in the distribution of merchandise and includes retailers operating brick-and-mortar locations and nonstore retailers operating via mail-order, door-to-door, kiosks and Internet mediums. Merchandise sold by retailers is purchased from suppliers and is then sold to consumers though the retailers’ store or other mediums. This sector excludes the physical manufacture of merchandise and operators who primarily trade as wholesalers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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