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The Future of Retail

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Reports of the retail industry’s death are greatly exaggerated. Here’s a look at the numbers to see what’s really going on.
https://nrf.com/future-of-retail

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The Future of Retail

  1. 1. The State of Retail GET THE FACTS nrf.com/stateofretail
  2. 2. nrf.com/stateofretail | 2 We’ve heard that retail is in trouble, but reports of the industry’s death are greatly exaggerated. Here’s what’s really going on.
  3. 3. nrf.com/stateofretail | 3 There are over 1 million retail establishments across the United States. Retail sales have been growing at almost 4% annually since 2010. Source: U.S. Census Bureau
  4. 4. nrf.com/stateofretail | 4 Yearly total retail sales: $ trillions Source: U.S. Bureau of Labor Statistics 2010 2011 2012 2013 2014 2015 2016 2017 $2.70 $2.84 $2.94 $3.03 $3.17 $3.28 $3.38 $3.51
  5. 5. nrf.com/stateofretail | 5 Onlineisnot“killing”retail. Online IS retail. Online sales currently make up about 10% of total retail sales. Many online sales are from brands that also have physical locations. Source: U.S. Census Bureau
  6. 6. nrf.com/stateofretail | 6 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 In-store vs. online sales Source: U.S. Census Bureau IN-STORE ONLINE 8.5% 8.8% 9.0% 9.1% 9.4% 91.5% 91.2% 91.0% 90.9% 90.6%
  7. 7. nrf.com/stateofretail | 7 9 of the top 10 online retailers in the U.S. also operate bricks-and-mortar stores. Source: eMarketer: Top 50 U.S. Retailers by Online Sales (highest ranked shown)
  8. 8. nrf.com/stateofretail | 8 The retail industry has evolved. The data hasn’t. The Bureau of Labor Statistics reports retail jobs numbers, but only captures employees who work in stores. The data leaves out non-store jobs such as call centers, office headquarters, innovation labs, warehouses or distribution centers. Source: U.S. Bureau of Labor Statistics
  9. 9. Retail hiring is on the rise. JOB POSTINGS SEPT. 2016 - JAN. 2019 Source: Emsi Labor Market Insights 152%GROWTH 139%GROWTH TRANSPORTATION AND SUPPLY CHAIN TECHNOLOGY nrf.com/stateofretail | 9
  10. 10. LEARN MORE: nrf.com/stateofretail

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