RETAIL STATISTICS
Retail Industry Statistics For 2020
We have compiled the latest retail industry statistics for this year.
What are the trends? How much is ecommerce contributing to total retail? Who are the biggest winners & losers in retail? And what are the trending product categories?
Click on each retail statistics headline to scroll down to the details and source.
RETAIL STATISTICS HEADLINES
- Total U.S. Retail Sales for Q3 2020 Up by 7%
- Ecommerce Sales for Q3 2020 Up by 36.7%
- Ecommerce Contribution to Total Retail is 14.3%
- After-Tax Profits of Big Retail for Q3 2020 Up by 75%
- More Than 11,000 Stores Have Been Announced to Close
- Biggest Winners: Home Improvement Stores
- Biggest Losers: Clothing & Accessories Stores
- Top Trending Retail Categories in 2020
Total U.S. Retail Sales for Q3 2020 Up by 7%
Total U.S Retail Sales Growth
Total retail sales for the third quarter of 2020 were estimated at $1,468.9 billion; an increase of 12% from the second quarter of 2020 and 7% from 3rd quarter of 2019.
Source: U.S. Department of Commerce
Ecommerce Sales for Q3 2020 Up by 36.7%
Total Ecommerce Sales Growth
U.S. retail e-commerce sales for the third quarter of 2020, adjusted for seasonal variation, but not for price changes, was $209.5 billion, an increase of 36.7% from the third quarter of 2019.
Source: U.S. Department of Commerce
Ecommerce Contribution to Total Retail is 14.3%
Ecommerce to Total Retail
Ecommerce sales for the third quarter of 2020 contributed 14.3% to total retail sales, up from 11.2% in Q3 2019.
Source: U.S. Department of Commerce
After-Tax Profits of Large U.S Retail Corporations for Q3 2020 Up by 75%
After-Tax Profit Growth
Seasonally adjusted after-tax profits of U.S. retail corporations with assets of $50 million and over were at $43.5 billion, up $18.7 (±1.0) billion from the $24.8 billion in the third quarter of 2019.
Seasonally adjusted sales for the quarter came at $870.7 billion, up $74.1 (±17.2) billion from the $796.5 billion in the third quarter of 2019.
Source: U.S. Department of Commerce
More Than 11,000 Stores Have Been Announced to Close
Total Store Closures
40 major retailers have filed for Chapter 11 protection and 11,157 store closures have been announced.
Source: CoStar Group
Biggest Winners: Building Materials and Garden Equipment Stores
Home Improvement Sales Growth
For the first 11 months of 2020, building materials and garden equipment stores have seen a growth of 13.4% over last year; followed by food & beverage stores at 11.6% LFL growth.
Source: U.S Department of Commerce
Biggest Losers: Clothing & Accessories Stores
Clothing & Accessories Sales Decline
For the first 11 months of 2020, clothing & accessories stores’ sales have seen a decline of 28.5 % over last year.
Source: U.S Department of Commerce
Top Trending Retail Categories in 2020
According to Google, these have been the top trending retail product categories in Google Search in the U.S for 2020.
Source: Think With Google