2024 Retail Trade Industry Research Report

Retail Trade - Market Size and Industry Forecast

The 2024 Retail Trade Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the retail trade industry.

HistoricalForecasted
20192020202120222023202420252026202720282029
Market Size (Total Revenue)

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% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Retail Trade - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Retail Trade companies in the United States.

Retail Trade Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesRetail Trade
Small Business (< 5 Employees)

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Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Retail Trade - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Retail Trade - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

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Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Retail Trade - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations6%
Business Operations Specialists6%
Computer and Mathematical Occupations6%
Computer Occupations6%
Arts, Design, Entertainment, Sports, and Media Occupations44%
Art and Design Workers44%
Designers44%
Floral Designers44%
Food Preparation and Serving Related Occupations6%
Food and Beverage Serving Workers5%
Fast Food and Counter Workers5%
Personal Care and Service Occupations11%
Animal Care and Service Workers10%
Nonfarm Animal Caretakers9%
Nonfarm Animal Caretakers9%
Sales and Related Occupations74%
Supervisors of Sales Workers8%
First-Line Supervisors of Sales Workers8%
First-Line Supervisors of Retail Sales Workers8%
Retail Sales Workers65%
Cashiers8%
Cashiers8%
Retail Salespersons56%
Retail Salespersons56%
Office and Administrative Support Occupations11%
Information and Record Clerks17%
Customer Service Representatives11%
Customer Service Representatives11%
Order Clerks5%
Order Clerks5%
Material Recording, Scheduling, Dispatching, and Distributing Workers5%
Shipping, Receiving, and Traffic Clerks7%
Shipping, Receiving, and Traffic Clerks7%
Stock Clerks and Order Fillers17%
Stock Clerks and Order Fillers17%
Other Office and Administrative Support Workers5%
Office Clerks, General5%
Office Clerks, General5%
Installation, Maintenance, and Repair Occupations6%
Other Installation, Maintenance, and Repair Occupations5%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers7%
Heating, Air Conditioning, and Refrigeration Mechanics and Installers7%
Miscellaneous Installation, Maintenance, and Repair Workers29%
Coin, Vending, and Amusement Machine Servicers and Repairers29%
Transportation and Material Moving Occupations5%
Motor Vehicle Operators17%
Driver/Sales Workers and Truck Drivers17%
Driver/Sales Workers20%
Heavy and Tractor-Trailer Truck Drivers12%
Light Truck or Delivery Services Drivers16%
Material Moving Workers11%
Laborers and Material Movers, Hand10%
Laborers and Freight, Stock, and Material Movers, Hand6%

Government Contracts

In the past, the federal government spent an annual total of $215,518,357 on the retail trade industry. It has awarded 10,186 contracts to 1,080 companies, with an average value of $199,554 per company.

Retail Trade and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

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Retail Trade Industry Report
GeographyUnited States  
Publication DateMarch 2024
Report FormatPDF Download  PDF
Price

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