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Total retail sales in the United States from 1992 to 2016

Total retail sales in the United States from 1992 to 2016 (in trillion U.S. dollars)

Total retail sales in the United States from 1992 to 2016 This timeline depicts total retail sales in the United States from 1992 to 2016. In 2016, total U.S. retail sales amounted to about 4.86 trillion U.S. dollars.
U.S. Retail Industry

The retail industry is a sector of the economy that is comprised of individuals and companies engaged in the selling of finished products to end user consumers. The United States has well-established distribution channels for all types of retail companies. The retail services industry provides an openly competitive environment that fosters strong business operations and spurs innovations that increase efficiency and reliability. In 2013, retail sales in the United States generated approximately 4.46 trillion U.S. dollars to the economy.

In today’s retail environment, the phrase “customer is king” has never been more valid. They are better informed, more interactive and more selective than ever before. When price alone is no longer an assured differentiator, the experience must win out. Superior service, convenience, personalization, speedy delivery, and choice are what drive every sale and secure repeat business. In response, retailers, large and small, are turning to transformative technology and business model innovation to build omni-channel environments which seamlessly serve the empowered consumer, in-store, online, and on-the-go.

The retail and consumer sector continues to be driven largely by food and beverage transactions.
Show more

Total retail sales in the United States from 1992 to 2016 (in trillion U.S. dollars)

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Description

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More information

This timeline depicts total retail sales in the United States from 1992 to 2016. In 2016, total U.S. retail sales amounted to about 4.86 trillion U.S. dollars.
U.S. Retail Industry

The retail industry is a sector of the economy that is comprised of individuals and companies engaged in the selling of finished products to end user consumers. The United States has well-established distribution channels for all types of retail companies. The retail services industry provides an openly competitive environment that fosters strong business operations and spurs innovations that increase efficiency and reliability. In 2013, retail sales in the United States generated approximately 4.46 trillion U.S. dollars to the economy.

In today’s retail environment, the phrase “customer is king” has never been more valid. They are better informed, more interactive and more selective than ever before. When price alone is no longer an assured differentiator, the experience must win out. Superior service, convenience, personalization, speedy delivery, and choice are what drive every sale and secure repeat business. In response, retailers, large and small, are turning to transformative technology and business model innovation to build omni-channel environments which seamlessly serve the empowered consumer, in-store, online, and on-the-go.

The retail and consumer sector continues to be driven largely by food and beverage transactions.
Show more
Release date
March 2018
Region
United States
Survey time period
1992 to 2016
Supplementary notes
Numbers have been rounded to provide a better understanding of the statistic.
Figures are not adjusted for price changes. Retail and food services total and other subsector totals may include data for kinds of business not shown. Additional information on sample design, estimation procedures, and measures of sampling variability can be found here.
Estimates are shown in millions of dollars and are based on data from the Annual Retail Trade Survey. Estimates have been adjusted using preliminary results of the 2012 Economic Census
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