RETAIL STATISTICS
Retail Industry Statistics (2022)
U.S. Retail Statistics
Total U.S Retail Sales Growth (Q2-2022)
7.2%
- Retail trade contributed 5.7% to total U.S GDP in 2020 (Statista 2022)
- Total U.S retail sales for Q2 2022 were estimated at $1,778.6 billion (U.S. Census Bureau)
- Total U.S retail sales for Q2 2022 have increased 7.2% on the same period in 2021 (U.S. Census Bureau)
- There are 1,049,266 retail establishments in the U.S, as of Q1 2022 (U.S. Bureau of Labor Statistics)
- There are 15.8 million retail employees in the U.S, as of Aug 2022 (U.S. Bureau of Labor Statistics)
- The average hourly earnings of U.S. retail employees is $23.04 , as of Aug 2022 (U.S. Bureau of Labor Statistics)
Retail Ecommerce Statistics
- Total U.S ecommerce sales for Q2 2022 were estimated at $257.3 billion (U.S. Census Bureau)
- Total U.S ecommerce sales for Q2 2022 have increased 6.8% on the same period in 2021 (U.S. Census Bureau)
- U.S E-commerce sales in Q2 2022 accounted for 14.5 percent of total sales. (U.S. Census Bureau)
- 9 of the Top 10 ecommerce websites are operated by retailers who also run brick & mortar stores (NRF)
- Amazon accounted for 43.5% of U.S ecommerce in 2021 (Digital Commerce)
Retailers
Top 3 U.S. Retailers by Market Cap
Amazon
$1.244 T
Walmart
$362.48 B
Home Depot
$280.67 B
- Top 3 U.S. retailers by market cap in September 2022 are Amazon, Walmart & Home Depot
- Top 3 fast fashion retailers in the U.S. are Shein (28%), followed by H&M (20%) & Zara (11%) (Earnest Research)
- Walmart has a total of 4743 stores in the U.S. (Walmart Annual Report 2021)
- Starbucks has a total of 15,450 stores in the U.S. (Starbucks Annual Report 2021)
Retail Payment & Delivery Statistics
Click & Collect Contribution
8.7%
- Cards as payment method contributed 74% to total transactions in 2021 vs. cash at 11% (Statista)
- U.S Click & Collect Sales represtended 8.7% of retail ecommerce sales (eMarketer Dec 2021)
- Buy Now Pay Later (BNPL) acounts for 0.4% of U.S. retail spending, and 2% of online spending (Accenture)
Category Statistics
Top 3 Amazon Categories
Computer & Electronics
26%
Apparel & Accessories
16.7%
Books/Music/Videos
11.5%
- Top 3 Amazon categories are Computer & Electronics (26%), Apparel & Accessories (16.7%) & Books/Music/Video (11.5%) (eMarketer Feb 2022)
- Apparel has seen the highest YoY increase in prices in by 16.65 % in Feb 2022 vs. Feb 2021 (Adobe Analytics)
Consumer Statistics
Return Rate in Retail
16.6%
- 75% of consumers have tried a new shopping behavior during Covid-19 (McKinsey & Company)
- Total rate of retail exchange & return in 2021 was expected to be 16.6%, up from 10.6% in 2020 (NRF)
- Total rate of ecommerce exchange & return in 2021 was expected to be 20.8% (NRF)
Sources
- Census Bureau: Monthly Retail Trade
- NRF: Retail Returns Increased to $761 Billion in 2021 as a Result of Overall Sales Growth
- Statista: Percentage added to the Gross Domestic Product (GDP) of the United States of America in 2020
- Bureau of Labor Statistics: Retail Trade: NAICS 44-45
- Earnest Research: Shein Now Leads Fast Fashion
- Companies Market Cap: Largest Retail Companies by Market Cap
- A New Report From Accenture And Afterpay Casts Light on How Fast BNPL Is Taking Hold
- Statista: Market share of cash, credit cards, and other payment methods at point of sale in The U.S.
- Walmart 2021 Annual Report
- Starbucks 2021 Annual Report
- NRF: State of Retail
- eMarketer: Amazon US Ecommerce Sales by Category 2022
- eMarketer: US Click-and-Collect Forecast 2022
- McKinsey & Co.: The great consumer shift: Ten charts that show how US shopping behavior is changing
- Adobe Digital Price Index
- Digital Commerce: U.S. Ecommerce Sales