Introduction
Introduction
US Retail Industry
US Retail Industry 1. Definition The US retail sector encompasses all businesses that sell goods and services directly to consumers in the United States. This includes both physical stores and online sales platforms. 2. Size and Importance The US retail market is one of the largest globally, contributing about 5.5 trillion USD annually (2023 estimate). Employs millions of people, roughly 15 million workers, across various subsectors. A key driver of the US economy and consumer spending. 3. Types of Retail in the US Category Description Examples Department Stores Large stores offering a variety of goods Macy’s, Nordstrom Supermarkets/Grocery Food and household essentials Kroger, Safeway, Walmart Grocery Specialty Stores Focus on specific product categories Best Buy (...