{"id":227,"date":"2023-09-01T17:27:57","date_gmt":"2023-09-01T17:27:57","guid":{"rendered":"https:\/\/savemycent.com\/?p=227"},"modified":"2024-02-16T14:33:46","modified_gmt":"2024-02-16T14:33:46","slug":"retail-statistics","status":"publish","type":"post","link":"https:\/\/savemycent.com\/retail-statistics\/","title":{"rendered":"30 Surprising Retail Statistics to Help Your Business in 2024"},"content":{"rendered":"\n
Although many claim it\u2019s a dying industry, retail is at the heart of every modern economy, and people worldwide participate in it daily. Because it\u2019s so unavoidable, it\u2019s crucial to stay up to date with the latest developments.<\/p>\n\n\n\n
Retail statistics provide important insight into the current state of the market. As such, they represent a valuable source of information that can help you make better decisions and improve your business.<\/p>\n\n\n\n
Join us as we explore the most interesting facts and figures for 2021.<\/p>\n\n\n\n
(The Balance)<\/p>\n\n\n\n
Even though the economy was hit hard by the COVID-19 pandemic, retail sales were up almost across the board. According to US retail sales statistics, the retailers with the most significant year-over-year growths include food and beverage stores (5.7%), car dealerships (11%), and garden and building supply chains (6.3%), clothing and accessory (38.8%) and restaurants (31.9%). <\/p>\n\n\n\n
(Statista)<\/p>\n\n\n\n
Retail sales statistics show that monthly sales 29 years ago amounted to just over $150 billion. Today, they\u2019re at almost $620 billion. This growth wasn\u2019t uninterrupted, though.<\/p>\n\n\n\n
In 2008 and 2009, the sales were down as a result of the global financial crisis. More recently, in April 2020, there was a sharp decline of more than $100 billion due to the pandemic, but it only took a few months for the sales to recover and continue growing at their usual pace.<\/p>\n\n\n\n
(US Census Bureau)<\/p>\n\n\n\n
According to retail industry statistics, despite the pandemic\u2019s negative effect earlier in the year, new orders for manufactured goods increased to a total of $475 billion between August and September 2020. Transportation equipment led the growth with 4.9% month-over-month.<\/p>\n\n\n\n