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1274. Retail Trade Sales--Summary

[375 represents $375,000,000,000. Sales and inventories for leased departments and concessions are tabulated in the kind-of-business category of the leased department or concession. Based on Current Business Survey, see Appendix III.

 
Sales Sales
Nondurable goods Inventories Resident
Year Total Annual Per Index of Durable (bil. dol.) at cost 4 Inventory/ population
(bil. percent capita 2 sales goods (bil. sales (1,000)
dol.) change 1 (dol.) (1982=100) (bil. Total Dept. dol.) ratios 4 5
dol.) stores 3
 
1970 375 6.4 1,839 35.1 115 260 36 (NA) (NA) 203,984
1971 414 10.4 2,002 38.7 135 279 40 (NA) (NA) 206,827
1972 459 10.7 2,191 42.9 156 302 44 (NA) (NA) 209,284
1973 512 11.6 2,422 47.9 177 335 49 (NA) (NA) 211,357
1974 542 5.9 2,541 50.7 173 369 52 (NA) (NA) 213,342
1975 588 8.5 2,730 55.0 185 402 56 (NA) (NA) 215,465
1976 656 11.6 3,017 61.4 220 436 62 (NA) (NA) 217,563
1977 722 10.0 3,288 67.5 249 473 69 (NA) (NA) 219,760
1978 804 11.4 3,621 75.2 281 523 76 (NA) (NA) 222,095
1979 897 11.5 3,993 83.9 307 590 81 (NA) (NA) 224,567
1980 957 6.8 4,213 89.5 299 658 85 121 (NA) 227,225
1981 1,038 8.4 4,524 97.1 324 714 96 133 (NA) 229,466
1982 1,069 3.0 4,616 100.0 336 733 100 135 (NA) 231,664
1983 1,170 9.4 5,005 109.4 391 779 109 148 (NA) 233,792
1984 1,287 10.0 5,457 120.3 454 832 120 168 (NA) 235,825
1985 1,375 6.8 5,779 128.6 498 877 126 182 1.55 237,924
1986 1,450 5.4 6,037 135.6 541 909 134 187 1.46 240,133
1987 1,541 6.3 6,361 144.1 576 965 144 208 1.57 242,289
1988 1,656 7.5 6,774 154.9 629 1,027 152 219 1.53 244,499
1989 1,759 6.2 7,127 164.5 657 1,102 161 237 1.59 246,819
1990 1,845 4.9 7,394 172.5 669 1,176 166 240 1.56 249,464
1991 1,856 0.6 7,360 173.6 650 1,206 173 243 1.57 252,153
1992 1,952 5.2 7,652 182.5 704 1,248 186 252 1.50 255,030
1993 2,082 6.7 8,077 194.7 782 1,300 200 269 1.49 257,783
1994 2,248 8.0 8,636 210.2 887 1,362 218 294 1.52 260,327
1995 2,359 4.9 8,976 220.6 947 1,412 231 310 1.53 262,803
1996 2,502 6.1 9,435 234.0 1,019 1,483 245 320 1.50 265,229
1997 2,611 4.3 9,749 244.1 1,063 1,547 260 330 1.49 267,784
1998 2,746 5.2 10,160 256.7 1,136 1,609 276 343 1.45 270,248
1999 2,995 9.1 10,983 280.1 1,255 1,740 297 372 1.42 272,691




NA Not available.
1 Change from immediate prior year.
2 Based on Bureau of the Census estimates of resident population as of July 1.
3 Excludes leased departments.
4 As of December 31.Includes warehouses. Adjusted for seasonal variations.
5 Sales data also adjusted for holiday and trading-day differences.

Source: U.S. Census Bureau, Current Business Reports, Annual Benchmark Report for Retail Trade, January 1990 Through December 1999, (BR/99-A) and prior issues.

http://www.census.gov/econ/www/retmenu.html *************************************************************************************** ANNUAL RETAIL TRADE SURVEY

PURPOSE

To provide detailed industry measures of retail company activities. The United States Code, Title 13, authorizes this survey and provides for mandatory responses.

COVERAGE

Retail companies with one or more establishments that sell merchandise and associated services to final consumers (SIC Division G). In 1995, consumers spent more than an estimated $2.3 trillion at retail establishments.

CONTENT

Companies provide data on dollar value of retail sales, sales taxes collected, inventories, method-of-inventory valuation, cost of purchases, and account receivables balances.

FREQUENCY

Annually since 1951 (except 1954); reported data are for activity taking place over the prior calendar year. Data collection begins the first week after the close of the year. Samples are re-selected every 5 years and updated annually, most recently for the 1996 reference year.

METHODS

A mail-out/mail-back survey of a sub-sample of about 22,000 firms selected from the monthly retail trade survey panels. The annual survey consists of all monthly survey panel firms that had payrolls during the reference year, plus administrative data or imputed values to account for nonemployer retail businesses.

There are currently about 31,000 companies in the monthly sample. The monthly sample consists of 3 rotating panels of about 6,100 single-unit firms and 2,200 small multi-unit firms; and a special panel of large multi-unit firms and other firms with large sales.

The annual survey uses 2 of the 3 rotating monthly panels, and the special monthly panel. Since 1977, the monthly retail trade survey has been benchmarked to the annual retail trade report. Inventories have been similarly benchmarked since 1951. Annual estimates are benchmarked to the most recent census of retail trade. In addition, benchmarking the annual survey to the monthly surveys greatly improved the quality of the monthly estimates and allowed the sample to be reduced.

*************************************************************************************** DEFINITION OF TERMS

Sales. Sales include the following: merchandise sold for cash or credit at retail and wholesale by establishments primarily engaged in retail trade; amounts received from customers for layaway purchases; receipts from rental or leasing of vehicles, equipment, instruments, tools, etc; receipts for delivery, installation, maintenance, repair, alteration, storage, and other services; and receipts from gasoline, liquor, tobacco, and other excise taxes which are paid by the manufacturer or wholesaler and passed along to the retailer. Sales are net after deduction for refunds and allowances for merchandise returned by customers. Trade-in allowances and manufacturers' rebates are not deducted from total sales, however, rebates offered by the retailer are deducted. Total sales do not include commissions from vending machine operators or nonoperating income from such sources as investments and rental or sales or real estate.

Sales exclude sales and excise taxes collected directly from customers and paid directly to a local, State, or Federal tax agency. Also excluded are receipts from customers for carrying or other credit charges.

The sales data represent total sales and receipts of all establishments primarily engaged in retail trade. They do not include sales at retail by manufacturers, wholesalers, service establishments, and others whose primary activity is other than retail trade.

Inventories. Inventories represent stocks of merchandise, valued at cost, on hand for sale by retail establishments at the end of the month. Methods of valuation may vary according to the accounting practices of the firms. However, the estimates provided are on a non-LIFO basis. Inventories are shown for retail stores and warehouses combined. Only those warehouses which maintain supplies of merchandise primarily intended for distribution to retail stores within the organization are included. Inventories exclude the value of fixtures, furnishings, equipment, and supplies used in store and warehouse operations and not held for resale.

Inventories-sales ratios. The inventories-sales ratios indicate the relationship of end-of-month inventories to sales during the month. The ratios shown are derived by dividing the inventories estimates by the corresponding sales estimates. No adjustment is made in these ratios for the markup in sales which may vary from one kind of business to another.

Kind-of-business classifications. Retail trade, defined as major groups 52 through 59 of the SIC Manual, includes establishments engaged in selling merchandise for personal or household consumption and rendering services incidental to the sale of the goods. Exceptions to this general rule are made necessary by trade practices. For example, lumber yards and paint, glass, and wallpaper stores are included in retail trade if they sell to the general public, even if a higher proportion of their sales is made to contractors. Also, establishments engaged in selling products such as typewriters, stationery or gasoline to the general public are classified in retail trade, even though such products may not be used for personal or household consumption. However, even within these areas of exception to the general rule, establishments that sell exclusively to business establishments, institutional and industrial users, or contractors are classified in wholesale trade.

Additional characteristics of retail trade establishments are that they usually operate at fixed places of business; they are engaged in activities to attract the general public to buy; they buy or receive merchandise as well as sell; they may process their products, but such processing is incidental or subordinate to selling; and they are considered as retail in the trade. Not all of these characteristics need to be present, and some are modified by trade practice.

Kind-of-business classifications are not interchangeable with commodity classifications. Most businesses sell several kinds of commodities. The kind-of-business code assigned generally reflects the individual commodity, the commodity group which is the primary source of the establishment's receipts, or some mixture of commodities which characterizes the establishment's business. Classification of establishments by kind of business generally does not make it possible to determine either the number of establishments handling a particular commodity or the sales of that commodity. For example, the food group classification excludes stores selling food if the sale of food is not the primary source of receipts; moreover, even though stores are classified as food stores, some of their receipts may be derived from the sales of nonfood products.

***************************************************************************************



http://www.allcountries.org/uscensus/1274_retail_trade_sales_summary.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.