Business,Opportunities,the,Ret business, insurance Business Opportunities in the Retail Sector
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In America, the largest companyand retailer in the world generating more than $312 billion in terms of salesis Wal-Mart. Currently, this retail giant employs in around of 1.3 millionassociates with more than 4, 00,000 people employed internationally. FrancesCarrefour is the worlds second largest retailer. Retail trade accounts nearly 12.4% of the business establishments in the United States. Although, single store businesscomes to around 95 % of the US retailers, it generates below 50 % of all theretail store sales. Typically, gross margin runs from 31 % to 33 % of the salesfor the retail industry. However, they vary widely depending upon the segment. In terms of retail employment,the retail industry contributes around 11.6 % to the total U.S.employment. In 2005, the mean annual retail employment came to around 15.3million people. Overall, as compared to 5.1 %, the retail unemployment in thisbusiness sector was around 5.4 %. The average workers in this financial yearreached 13 million. Retail employees of non-supervisory nature averaged around 30.6 hours each weekwith the mean hourly earnings of around 12.36 dollars. Based on the employment projectionsspanning ten years, the growth in retail business sector will increase by 11 %as compared to the overall figure of 14.8 %. Status of the U.S. Retail industry in Fiscal year 07: Within a single month of November2007, the sales registers in the American retail stores ringed loudly.Discounts coupled with wage gains helped the Americans to manage with record highcosts of fuels. Hence, the total purchases went up by 0.6 %, followed by 0.2 %increase from the previous month of October based on the figures put forth by anews survey. Robust growth in the field ofonline shopping was also an important factor that helped in enhancing thebusiness in retail sector in fiscal year 07. Lack of time coupled withincreased penetration of internet has helped in the development of retailbusiness a lot. Besides, a new breed of tech-savvy Americans sought convenientoption in online shopping, since customers can shop from the comfort of their homes. Overview: Results have shown that high-endshoppers indulge in maximum splurging. Shoppers in the lower income group andmiddle-income group looked forward to bigger discounts and spent only for theirnecessities. Overall, the retail business sector has vast opportunities for prospective businesspersons.With the retail sector in Americagenerating fair profits, it would be beneficial for investors to tap it exactlyin the manner in which they want.
Business,Opportunities,the,Ret