Introduction to the Retail Industry, Business and Industry Trends Analysis

¹ Video Tip For our brief video introduction to the Retail industry, see www.plunkettresearch.com/video/retail .   Retail, with nearly 15.7 million employees in America alone (about one out of 10 people in the workforce), is one of the largest industries in the world. Retail sales in the U.S. totaled an estimated $6.26 trillion (on a broad basis) during 2019, according to Plunkett Research, up about 4% for the year, and up dramatically from only $4.0 trillion during 2009.  Total sales were $6.02 trillion in 2018 according to the U.S Census Bureau.  (Sales at stores selling general merchandise, apparel, furniture and…

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