Pharmacy & Drug Stores

April 4, 2012 — The Editors

Drug Retailing

The sale of drugs, whether over-the-counter or prescription drugs, has been a healthy, growing business for a long time in the United States. The sale of these products through pharmacies and drug stores is the subject of our post today. The graph presents sales of these retailers over the period 1992–2010. The annual growth rate in sales over this period was 10.3%, a third faster than the economy as a whole, which grew at 7.2% annually.

Worth noting is the fact that over this same time period, the number of retail outlets selling drugs has increased as Big Box stores, grocery stores and others have gotten into the business of selling drugs with enthusiasm. Consequently, the role of pharmacies and drug stores in total drug sales has actually declined over this period.

Geographic reference: United States
Year: 2000 and 2010
Market size: $130.87 billion and $222.26 billion respectively

Source: Annual Retail Trade Survey 2009, and updates from the Monthly Retail Trade Reports from the same reporting series, U.S. Census Bureau, available oneline here.
Original source: U.S. Departmetn of Commerce, Bureau of the Census
Posted on April 4, 2012

Posted in Drugs, Pharmaceutical Industry, Retail Outlets. No Comments »

Prescription Drug Sales

January 24, 2012 — The Editors

Expenditures on health care in the United States have been much in the news for years now. The prices for prescription drugs are among the fastest growing of the segments of this overall industry. And yet, prescription drugs make up only around 10 percent of all expenditures on health care.

Today’s market size is the size of the market for prescription drugs sold through retail outlets in 2000 and 2010. In 2000 58 percent of the prescription drugs sold through retail outlets were brand name drugs. In 2010 brand name drugs accounted for 29 percent of those sales.

Geographic reference: United States
Year: 2000 and 2010
Market size: $145.57 and $266.39 billion respectively
Source: Table 159. Retail Prescription Drug Sales,” Statistical Abstract of the United States 2012, page 113, U.S. Census Bureau, September 27, 2011, available here.
Original source: National Association of Chain Drug Stores
Posted on January 24, 2012

Posted in Drugs, Retail Outlets. No Comments »

Clothing Stores

January 8, 2012 — The Editors

The sale of clothing in the United States is done through a variety of retail outlets, only a portion of which are stores dedicated primarily to the sale of clothes. Today’s market size is the value of all sales made through clothing stores in 2010. Of the total, family clothings stores had the largest share, accounting for 54% of the sales. The other clothings store segments, with their share of total clothing store sales are as follows: women’s clothing (23%), men’s clothing (4.9%) and all other clothing stores (7.2%).

Geographic reference: United States
Year: 2010
Market size: $158.8 billion
Source: “Estimates of Monthly Retail and Food Services Sales by Kind of Business: 2010,” Monthly Retail Trade Report, available online here.
Original source: U.S. Census Bureau
Posted on January 9, 2012

Posted in Apparel, Clothes, Retail Outlets. No Comments »

Toys & Games

December 21, 2011 — The Editors

Today’s market size post is the size of the market for toys and games in 2007 based on total retail sales made in any retail outlet, from grocery stores and pharmacies to department stores and toy stores. For those wishing to investigate further, the market size posted here is based on the product category “toys, hobby goods and games” which is designated by the U.S. Census Bureau with the product code 20460.

Geographic reference: United States
Year: 2007
Market size: $90.55 billion
Source: “Sector 44: Retail Trade: Industry Series: Preliminary Product Lines Statistics by Kind of Business for the United States: 2007,” released on September 29, 2009, 2007 Economic Census, available online here.
Original source: U.S. Census Bureau
Posted on December 21, 2011

Posted in Bikes, Entertainment, Retail Outlets, Toys & Games. No Comments »

Co-ops

November 14, 2011 — The Editors

Interest in cooperatives is on the rise as people look to community-rooted alternatives to the dominance of huge, global banks, enormous retailing giants with little link to the local community, and empty main street store fronts. Cooperatives, or co-ops, are nonprofit businesses of various types such as credit unions and stores. These co-ops are created when members pool money in order to set up, managed and run the organizations on behalf of their members. Today’s market size is the estimated number of such cooperatives in the United States and the estimated value of the revenue they generate annually as of 2010.

Geographic reference: United States
Year: forecast for 2010
Market size: 29,000 Co-op generating $654 billion in revenues
Source: Amy Cortese, “Buying Underwear, Along With the Whole Store,” The New York Times, November 13, 2011, page B1, available online here.
Original source: University of Wisconsin
Posted on November 14, 2011

Posted in Banking, Barter-like systems, Retail Outlets. No Comments »

Floor Covering Stores

October 21, 2011 — The Editors

Today’s market size is based on sales through retail outlets dedicated to floor coverings, from carpets to tile, wood to laminates. Two year’s of estimated sales by these retail outlets in the United States are provides. Leading retailers in this category include ABC Carpet and Home, Empire Home Services, Floor and Decor, Lumber Liquidators, and Seagull Enterprises.

Geographic reference: United States
Year: 1998 and 2009
Market size: $17,013 million and $15,734 million respectively
Source: “Estimated Annual Sales of U.S. Retail and Food Service Firms by Kind of Business: 1998 Through 2009,” Annual Retail Trade Survey—2009, available in a PDF format here. For links to these data as well as earlier U.S. Annual Trade Survey data, check this Census Bureau site.
Original source: U.S. Bureau of the Census
Posted on October 21, 2011

Posted in Construction Materials, Home & Building Finishes, Retail Outlets. 2 Comments »

Clothes Stores

October 13, 2011 — The Editors

The sale of clothes through clothing stores is tracked by the U.S. Census Bureau by type of store, men’s clothing, women’s clothing and family clothing. In the year 2000 men’s clothing stores accounted for 9% of the category and fell to 6% by 2009. Women’s clothing stores also saw its share decline as a percent of the category from 29% in 2000 to 26% in 2009. More of us are buying our clothes at general merchendising stores and clothes stores that sell a fuller line of apparel, family clothing stores.

Today’s market size is the estimated total of sales by clothing stores in the United States in 2000 and 2009. These sales totals do not includes retailers categorized under the heading general merchandisers, including department stores and warehouse clubs.

Geographic reference: United States
Year: 2000 and 2009
Market size: $118.2 billion and $152.3 billion respectively
Source: “Estimated Annual Sales of U.S. Retail and Food Service Firms by Kind of Business: 1998 Through 2009,” Annual Retail Trade Survey—2009, available in a PDF format here. For links to these data as well as earlier U.S. Annual Trade Survey data, check this Census Bureau site.
Original source: U.S. Bureau of the Census
Posted on October 13, 2011

Posted in Apparel, Retail Outlets. No Comments »

Grocery Stores

October 12, 2011 — The Editors

Groceries

Food is something necessary to life and so it may seem, to those not in the business, that grocery stores would be ammune to recessions. For the most part, U.S. grocery stores as an industry have weathered the two recessions of the decade 2000—2009 far better then other industries. But, as can be seen in the graph, even grocery stores saw sales slow during the recessions.

Today’s market size is the estimated total of sales by grocery stores and supermarkets in the United States in 2000 and 2009. These sales totals do not includes the sales made through convenience stores.

Geographic reference: United States
Year: 2000 and 2009
Market size: $381.72 billion and $487.41 billion respectively
Source: “Estimated Annual Sales of U.S. Retail and Food Service Firms by Kind of Business: 1998 Through 2009,” Annual Retail Trade Survey—2009, available in a PDF format here. For links to these data as well as earlier U.S. Annual Trade Survey data, check this Census Bureau site.
Original source: U.S. Bureau of the Census
Posted on October 12, 2011

Posted in Food, Retail Outlets. No Comments »

Retail Shrinkage

September 8, 2011 — The Editors

Retail shrinkage is the loss suffered by retailers as a result of shoplifting by customers and/or employees, supplier fraud and inventory miscounts. Those in the field of security work may see the size of retail shrinkage as a sort of market size, the maximum amount that could be saved for a retailer if deterant measures were taken to eliminate all such losses.

Today’s market size is the estimated value of all retail shrinkage in the United States in 2010.

Geographic reference: United States
Year: 2010
Market size: $37.1 billion
Source: Andrew Allentuck, “Security Cameras, Detection is also deterrence,” The Costco Connection, September 2011, page 21.
Original source: National Association for Shoplifting Prevention
Posted on September 8, 2011

Posted in Alarm Systems, Retail Outlets, Security Services. No Comments »

Farmers Markets

August 8, 2011 — The Editors

Our selection of a market for today’s post was made to honor National Farmers Market Week.

Over the past 40 years, farmers markets have grown in popularity. As people become more health conscious and demand locally- and organically-grown foods, more and more cities and towns host farmers markets in the summertime. In 2010, there were also nearly 900 farmers markets operating in the wintertime (November through March). According to a new report by an agricultural economist with the Union of Concerned Scientists, increasing the number of farmers markets could create tens of thousands of jobs in economically struggling rural and urban areas.

To promote farmers markets, the U.S. Department of Agriculture instituted National Farmers Market Week in 2000. In 2011, National Farmers Market Week is August 7-13. Data show the number of farmers markets nationwide in 1970 and 2011.

Geographic reference: United States
Year: 1970 and 2011
Market Size: 340 and more than 7,000 respectively
Source: “Farmers Markets Boost Local Economies,” WLNS.com, August 4, 2011, available online here; Sam Jones-Ellard, “USDA Highlights Nearly 900 Operating Winter Markets; Many Markets Located in Cold-Weather States,” Agricultural Marketing Service, U.S. Department of Agriculture, December 8, 2010, available online here.

Posted in Agriculture, Food, Retail Outlets. 3 Comments »
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