While brick-and-mortar stores closed, new electronic shopping firms created jobs.





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America Counts: Stories Behind the Numbers

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Fewer Workers as Number of Retail Clothing Firms Shrink

The retail industry supports over a quarter of U.S. jobs, and according to the Bureau of Labor Statistics’ Occupational Outlook Handbook, 18% of retail salespeople in 2023 were employed by firms that sold clothing, accessories, shoes and jewelry.

How has this industry been faring?

The 2022 Economic Census shows that the number of U.S. Clothing and Clothing Accessories retail firms decreased from 56,731 in 2017 to 52,909 in 2022 and the number of establishments from 143,534 to 121,610.

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An establishment refers to a single physical location and a firm consists of one or more establishments.

The retail clothing industry also saw a decline in employees from 1.8 million in 2017 to 1.5 million in 2022. Despite this drop, annual payroll rose from $32.1 billion to $35.0 billion over the same period.

*Continue reading [ [link removed] ] *to learn more about the dramatic rise in nonstore retailers and jobs in the clothing retail industry. 






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Small Business Week: Recognizing Big Drivers of U.S. Economy

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National Small Business Week has celebrated the vital contributions of U.S. entrepreneurs and small business owners every May since Congress designated it in 1963.



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