Retail Sector Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/19/2020
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 Walmart (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. Europe and North America are home to the many of the world's largest retail companies, with Europe accounting for 87 of the 250 largest retailers in the world, followed by North America with 85, according to Deloitte Touche Tohmatsu. However, North America is the global sales leader representing nearly half of the revenue share of the world's 250 largest retailers while Europe's share in about a third. Japan boasts 31 of the 250 largest retail companies, representing about 7% of total revenue. 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 about $5.5 trillion. The industry includes auto dealers and internet and catalog retailers, but generally excludes food and drinking establishments, such as restaurants and bars.

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