Technology
The consumer retail industry consists of companies that sell consumable products, ones that can be used up and need to be replenished.
This industry is at the end of the distribution chain of merchandise and includes retailers operating brick-and-mortar locations and non-store retailers. Retailers purchase goods from suppliers and sell them to consumers. It excludes the production of goods, and more importantly wholesalers. The industry is exceedingly important to the U.S. economy. Not only does it provide Americans with the everyday items they need, ranging from groceries to booking a hotel room, it also provides numerous jobs that strengthen the economy. Because the consumer retail industry includes both items/services that are everyday essentials and items/services that depend on high disposable income, the consumer retail industry is a reliable investment no matter the state of the economy.
Industry Drivers
1.89%
From 2020-2025, per capita, disposable income is expected to increase at an annualized rate of 1.89%. This increase in per capita disposable income could mean a higher demand for high-end retail products.
1.91%
From 2020-2025, consumer spending (which measures the total spending by a population) is expected to grow at an annualized rate of 1.91%. Because of the increase in consumer spending, there is an expected increase in the demand for retail products as individuals make up most retail purchases.
7.5%
From 2015-2020, the consumer confidence index grew at an annualized rate of 7.5%. Because this index indicates the spending patterns of consumers, an increase could mean consumers will purchase more big ticket items.
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