Retail Industry Data

The retail industry data reflects that it has evolved through course of time and has become the one of the largest businesses all around the globe. In a developed country like U.S. alone, the retail industry data reveals that a huge sum of money, approximately 4 billion dollars is generated in the domain of retail sales every year. This includes food service sales that account for approximately 12,000 dollars per capita.

Wal—Mart is the largest business organization, generating more than 312 billion dollars, in the retail business sector in America. Hence, it gives employment to around 1.5 million business associates with 0.4 million people working for it all across the world.

According the retail industry data, retail business contributes around 13% of the total number of business organizations operating in the market. Gross profit in retail business sales ranges between 31% and 33%. However, this statistics varies according to verticals.

The retail business sector comprises 12% of the total percentage of employment in U.S. The average count of employees working in retail business sector touches the mark of 13 million in the fiscal year of 2007.