• For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
  • New Suppliers
Facebook Twitter Instagram
Tuesday, March 21
  • Subscribe
  • Submit Content
  • About Us
    • Contact Us
  • Advertise
    • Display Advertising
    • Email Marketing Campaigns
    • Newsletter Advertising
    • Sponsored Content
    • Lead Generation Services
  • Top Product Sources
Facebook Twitter Instagram
WholesaleCentral.com Blog
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
  • New Suppliers
WholesaleCentral.com Blog
Home»For Buyers»Marketing & Management»Census Data For Indys
Marketing & Management

Census Data For Indys

WC PublisherBy WC PublisherFebruary 1, 20113 Mins Read
Facebook Twitter Email
Share
Facebook Twitter Email

According to data released from the U.S. Economic Census, overall sales at independent retailers grew by about four percent, after adjusting for inflation, between 2002 and 2007. The bad news: chains grew faster and independents still lost market share, falling from 31 to 28 percent of consumer retail spending. This decline in market share, however, was considerably slower in this five year period, compared with the preceding 20 years, in which independents lost ground at a faster rate. In 1982, independent retailers captured nearly half of all retail spending. The report comes by way of the, “New Rules Project,” a program of the Institute for Local Self-Reliance.

The U.S. Economic Census is conducted every five years. The resulting data are released in batches two to four years later. For this analysis, the New Rules Project defines independent retailers as those with fewer than 10 outlets. Because the 2007 Census preceded the current recession, the downturn’s impact on both independents and chains will not be evident until the 2012 Census.

Here are a few other highlights from the new data:

• Most remarkable has been the growth of specialty food stores, such as bakeries and greengrocers. The Census showed a net gain of over 1,400 small specialty food retailers (those with fewer than 20 employees). Sales at these stores shot up 23 percent even as grocery sales overall grew just three percent. This trend likely reflects increased public interest in locally produced foods, as well as a growing desire to shop at neighborhood stores.
• Employees of independent retailers earned more per year than employees of national chains (an average of $27,451 vs. $20,313). Whether this reflects a higher hourly rate or more hours worked is not discernable from the data. (A similar pay gap showed up in 2002 as well.)
• The number of independent supermarkets remained relatively unchanged at 40,000, although revenue slipped by about four percent.
• The U.S. recorded a net gain of independent retailers in several categories, including 870 new clothing stores, 425 fabric and sewing stores, 352 pet supply stores, and 549 office supply and stationery stores.

As of 2007, the U.S. counted the following independent retailers: approximately 60,000 grocery and specialty food stores, 38,000 clothing shops, 19,000 florists, 18,000 pharmacies, 18,000 furniture stores, 17,000 sporting goods retailers, 12,000 hardware stores, 12,000 nurseries and garden centers, 7,400 appliance stores, 6,400 shoe stores, and 2,700 general bookstores.

management
Share. Facebook Twitter Email
Previous ArticleSupply Chain Strategies
Next Article Rebirth Of Small Retailers

Related Posts

Make Money with Foreign-Trade Zones

February 22, 2023

Technology to Prepare Your Store for the Future

January 19, 2023

Prepare Your Business for Supply Chain Disruptions

December 22, 2022
Sign Up for Buyer Updates
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Latest Posts

Amazon Return Pallets For Sale: How to Profit

March 20, 2023

2023 Wholesale Apparel Trends

March 14, 2023

Top Wholesale Easter Products

February 27, 2023

The Future of Sustainable Manufacturing is a Hybrid Approach

February 23, 2023

Make Money with Foreign-Trade Zones

February 22, 2023

Overstock Liquidations

January 25, 2023
how-to
Wholesale 101 for Buyers

Amazon Return Pallets For Sale: How to Profit

March 20, 202311 Mins Read

A big trend among some online sellers is buying Amazon return pallets and overstock and…

Product News

Overstock Liquidations

January 25, 20236 Mins Read

Overstock inventory refers to the excess goods or merchandise that a retailer has on hand…

Retail News

5 Essential Tax Season Preparation Tips

January 24, 202310 Mins Read

Are you ready for tax season? April 18 is approaching quickly, and many day-to-day decisions…

Wholesale 101 for Buyers

How to Create a Google Business Profile

January 18, 20236 Mins Read

Looking for new ways to get your brand noticed? Creating a Google Business Profile can…

  • About Us
  • Subscribe
  • Contact Us
  • Advertise
  • Find Wholesale Sources
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Follow Us:

Copyright © 2023. Sumner Communications, Inc..

Type above and press Enter to search. Press Esc to cancel.