Retail Sector Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/16/2017
SIC Codes: 52 , 53 , 54 , 55 , 56 , 57 , 58 , 59
NAICS Codes: 44, 45
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Retail Sector Industry Profile

Companies in this sector sell a wide range of products to consumers and businesses, from food and apparel to hardware, household goods, and office supplies. Major companies include Costco, Kroger, and Wal-Mart (all based in the US), as well as Aldi (Germany), Carrefour (France), Schwarz (Germany) and Tesco (UK).

Global retail sales -- including both in-store and online purchases -- are projected to top $28 trillion in 2018 after exceeding $24 trillion in 2015, according to eMarketer. Nearly a third of the 250 largest retail companies in the world are based in the US, followed closely by Europe, according to Deloitte Touche Tohmatsu. Japan accounts for more than 10%. US-based retailers are the most global and are aggressively expanding their operations abroad. The top market for international expansion is Asia, particularly China and Hong Kong.

The US retail industry includes about 1 million outlets with combined annual revenue of more than $5 trillion. The industry includes auto dealers and internet and catalog retailers, but generally excludes food and drinking establishments, such as restaurants and bars.

COMPETITIVE LANDSCAPE

The internet and increasing consumer connectivity are transforming the retail sector, with physical stores losing market share to online operators. Even segments once assumed to be relatively safe from online competition, such as grocery and auto parts retail, are facing increasing competition from e-tailers, especially Amazon. In 2016, total US e-commerce sales were estimated ...

 
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