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.
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.