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Retail Franchises

It’s All Retail

Two thirds of GDP comes from retail consumption

Always Be Selling

The retail industry is expected to grow by an annual compounded rate of 5% through 2015.

Clothes On

Apparel retail, or clothing sales, generated 304,906 million dollars in revenue

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Retail Franchises Industry Description

Summary

The retail industry is comprised of stores selling a wide variety of products. Some of the most popular retail franchise segments are clothing, convenience stores, dollar stores and grocery stores , but there are franchises that sell just about anything you can think of.

Storefront needed

Because they require a retail space, these franchises are more expensive than those that allow franchisees to have a low-cost business.

Clothing competition

The U.S. apparel market is the largest in the world, comprising about 28 percent of the global total and has a market value of about $331 billion.

Retail on the rise

The latest annual report from the U.S. Department of Commerce recorded annual retail sales of $4.7 trillion.

Two thirds of America’s gross domestic product comes from retail consumption, and the retail industry is expected to grow 5 percent this year, making this the perfect time to jump in and begin a retail franchise.

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