Independent retailers report growth through early 2013
Home Accents Today Staff -- Home Accents Today, 8/29/2013 9:51:32 AM
Independent gift store sales reported growth from January through May 2013, according to the Census Department's recent report on retail monthly trade. In addition to the first half of the year, an expected strong back-to-school shopping season may help these numbers increase even more, according to a recent Census report on retail monthly trade.
Overall retail and food service sales were up 3.8 percent for the first five months of 2013 over same period last year. While retail sales in the automobile sector boosted the overall results, gift, novelty and souvenir stores had big overall increase in sales from January through May 2012, posting an increase of 15.2 percent. As a result, gift stores outpaced online retailers, which grew a more modest 12.9 percent.
Other retail sectors that showed exceptional growth from January through May 2013 include: jewelry stores, up 10.5 percent; hobby, toy, and game stores, up 7.9 percent; home furnishings stores, up 9.6 percent; beer, wine and liquor stores, up 5.2 percent; and building materials, garden supplies dealers, up 5.1 percent.
All of these rapidly-growing retail segments are represented by small independent retailers. Independent local retailers are essential to the success of the U.S. consumer economy. The study shows the importance of independent retailers to the overall retail revenue. The Institute for Local-Self Reliance published a report that found for every $10 million in retail revenue, a super-sized retailer like Amazon.com employs only 14 people, as compared with 52 employed workers in small independent retailers.
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