Companies in this industry operate physical retail establishments that sell a wide variety of merchandise, including apparel, groceries, household furnishings, and personal care products. Major companies include Kmart, Kohl's, Target, and Wal-Mart (all based in the US), as well as Carrefour (France), Daiso Japan, Groupe Auchan (France), Lojas Americanas (Brazil), and METRO AG (Germany).
Population growth and consumer spending drive demand. The profitability of individual companies depends on efficient supply chain management, effective merchandising, and competitive pricing. Large companies enjoy advantages in purchasing, distribution, and marketing. The US industry is highly concentrated: the eight largest companies account for nearly 100 percent of industry revenue.
Major products sold include apparel (20 percent of sales); personal care products (15 percent); groceries (9 percent); and toys (6 percent). Apparel includes women's, men's, and children's. Personal care includes cosmetics and health and beauty products. Electronics include video and audio equipment (TVs, DVD players, stereo systems). Companies may also sell kitchenware, sporting goods, towels and sheets, and footwear. Discount department stores may have instore pharmacies, photo processing services, or restaurants.Buy Now