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 (more than one out of 10 workers), is one of the largest industries in the world.  Retail sales in the U.S. totaled an estimated $5.733 trillion during 2017, according to Plunkett Research, up about 3.8% for the year, and up dramatically from only $4.0 trillion during 2009.  Total sales were $5.523 trillion in 2016 according to the U.S Census Bureau.  (Sales at stores selling general merchandise, apparel, furniture and specialty items, referred to as “GAFO,”…

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