Retail industry is a platform where the manufacturers, product distributors and consumers, all three vital components of an industry, are accommodated. According to the reports published by U.S Commerce department, retail industry in the country had clocked a sale of $4.7 trillion during the year 2011.
Day to day consumption of the population can not much impacted even during the hard days of economic slowdown and so while organized retail majors like Walmart, JC Penny have been witnessing a recent downtrend in their balance sheets, unorganized retailers who hold the majority stake in country's total retail business turnover, however, remain mostly unaffected.
For more information on Retail ,
http://www.schoolanduniversity.com/study-programs/business/retail
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