April 2006
Profile of the Retail Industry
National Overview
The retail industry is one of the most competitive and vibrant sectors of the economy, representing 5.6 per cent of the national GDP. Nationally, it generated more than $346 billion in 2004 annual retail store sales, an increase of 5.0 per cent over the previous year.
Retailers offer consumers an enormous range of products from around the world, sold through many types of retail formats. In supplying the products Canadians need and want, retailers establish and maintain close links with their communities. They have a unique insight into Canadians' mindsets through their shopping patterns and thus insight into the economic health of our country.
Alberta Retail Industry Overview
The retail industry is one of the most competitive and vibrant sectors of Alberta's economy, creating more than $43 billion in sales. With more than 22,000 establishments in Alberta, the retail sector reaches every corner of the province. Employment in the retail sector represents 11.5 per cent of the province's total employment, directly employing 211,000 citizens. The retail sector is Alberta's largest employer. The contributions made by this economic sector are felt in every corner of the province and affect the lives of all residents.