GITNUX MARKETDATA REPORT 2024

Must-Know Us Retail Industry Statistics [Current Data]

Statistic 1

"Convenience store sales in the US totaled $663.4 billion in 2020."

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Statistic 2

"Department store sales in the US declined by 75% between 2000 and 2020."

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Statistic 3

"Retail store closures in the US were estimated to be around 8,700 in 2020."

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Statistic 4

"The home improvement retail sector saw sales of $538 billion in 2022."

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Statistic 5

"Online retail sales accounted for 14.3% of total US retail sales in 2021."

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Statistic 6

"Target’s digital sales grew by 145% in 2020."

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Statistic 7

"As of 2022, the US retail industry employs over 29 million people."

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Statistic 8

"Amazon accounted for approximately 41% of the US e-commerce market in 2021."

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Statistic 9

"By 2025, the retail industry in the US is projected to reach $7.9 trillion."

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Statistic 10

"Warehouse clubs and supercenters generated $481.1 billion in revenue in 2020."

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Statistic 11

"US retail sales increased by 0.6% in June 2022 compared to the previous month."

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Statistic 12

"Discounts and promotions account for 20% of the average US retailer’s annual revenue."

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Statistic 13

"The grocery store industry accounted for $742.9 billion in sales in 2021."

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Statistic 14

"E-commerce sales in the US reached $870 billion in 2021."

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Statistic 15

"Approximately 5.1% of retail sales in the US come from the apparel and accessories sector."

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Statistic 16

"The average annual expenditure on clothing and consumer services was $1,883 per consumer in 2020."

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Statistic 17

"The US retail industry generated $6.2 trillion in sales in 2018."

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Statistic 18

"The US retail sector accounted for about 25% of the country’s GDP in 2020."

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Statistic 19

"The US retail industry faced over $61.7 billion in losses due to shoplifting and fraud in 2020."

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Statistic 20

"The average square footage of new retail stores opened in the US in 2020 was 2,500 sq ft."

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