TOP 21 Retail SubIndustry Q3/2023

#21 Health & Personal Care Stores

Description: The Health & Personal Care Stores industry encompasses retail establishments that primarily sell health and personal care products to consumers. This includes pharmacies, drugstores, beauty supply stores, and specialized health stores. Key players in this industry include CVS Health, Walgreens Boots Alliance, Rite Aid, and GNC Holdings. The primary audience for these stores is the general consumer population seeking over-the-counter medications, personal care products, vitamins and supplements, and beauty and grooming products. This industry is prominently active in various countries, with a strong presence in the United States, Europe, and Asia. The Health & Personal Care Stores industry has experienced major changes in recent years, driven by advancements in e-commerce and the increasing demand for natural and organic products. It is a noteworthy sector for future opportunities due to the growing emphasis on health and wellness, the aging population, and the rising consumer awareness regarding self-care and personal grooming.

#20 Grocery Stores

Description: The Grocery Stores industry is a vital component of the Retail sector, focusing on the sale of food products and household goods. Key players in this industry include major supermarket chains like Walmart, Kroger, and Albertsons, as well as specialty grocery stores such as Whole Foods Market. The primary audience for grocery stores is the general public, as these establishments cater to the everyday needs of consumers. This industry is prominently active worldwide, with a significant presence in countries like the United States, China, and India. Grocery stores have been a crucial part of the retail landscape for decades, but they experienced major changes and advancements with the rise of e-commerce and online grocery shopping. With the increasing demand for convenience and the growing trend of health-conscious consumers, the Grocery Stores industry presents noteworthy opportunities for future growth and innovation.

#19 Electronics Retail

Description: The Electronics Retail industry encompasses companies that sell consumer electronics and related products through various retail channels. Key players in this industry include major electronics retailers such as Best Buy, Walmart, and Amazon. These companies cater to a wide range of audiences, including individual consumers, businesses, and educational institutions. The industry is prominently active in countries like the United States, China, Japan, and Germany, where there is a high demand for electronic devices. The Electronics Retail industry has experienced major changes with the rapid advancement of technology, leading to the rise of e-commerce and online sales. This sector is noteworthy for future opportunities due to the continuous innovation and introduction of new electronic products, as well as the increasing consumer reliance on technology in various aspects of their lives.

#18 Apparel Retail

Description: The Apparel Retail industry encompasses companies involved in the sale of clothing and accessories to consumers. Key players in this industry include multinational corporations such as Inditex, H&M, and Gap Inc. as well as online retailers like Amazon and ASOS. The industry is prominently active in major fashion capitals such as New York, London, Paris, and Tokyo, where flagship stores and fashion shows attract a global audience. Apparel retail experienced major changes with the rise of fast fashion in the early 2000s, leading to increased production and consumption. This sector is noteworthy for future opportunities due to its significant contribution to the global economy, its role in shaping consumer trends, and the continuous growth of e-commerce in the retail landscape.

#17 Discount Stores

Description: Discount Stores is a thriving sector within the Retail industry. It comprises companies that offer a wide range of consumer goods at discounted prices, attracting price-conscious shoppers. Key players in this industry include Walmart, Target, and Costco. These companies have a large customer base consisting of budget-conscious consumers seeking affordable products. Discount stores are prominently active in the United States, where they have a significant presence in both urban and rural areas. The industry experienced major changes in the late 20th century when the rise of big-box retailers transformed the retail landscape. Discount stores became a noteworthy sector for future opportunities due to their ability to cater to cost-conscious consumers and their potential for expansion into emerging markets. With a vast employee base of 3.2 million and annual revenues of 1.5 trillion dollars, the Discount Stores industry continues to play a crucial role in the retail sector.

#16 Convenience Stores

Description: Convenience Stores, a sub-industry of Retail, are small retail outlets that offer a wide range of products for immediate consumption. With approximately 4.5 million employees globally, convenience stores serve as key players in the retail industry. The industry's primary audience includes busy consumers seeking quick and convenient purchases. Convenience stores are prominently active in urban areas, neighborhoods, and transportation hubs worldwide, providing accessible and essential goods to local communities. The industry has experienced significant growth and transformation in recent decades, driven by changing consumer preferences and evolving retail trends. Convenience stores have become a noteworthy sector for future opportunities due to their ability to adapt to changing consumer demands, such as the growing demand for healthy snacks, fresh food options, and digital convenience. With a massive revenue of 3.1 trillion dollars, convenience stores continue to be a vital part of the global retail landscape.

#15 Luggage & Leather Goods Stores

Description: The Luggage & Leather Goods Stores industry is a retail sector that specializes in the sale of luggage, leather goods, and related accessories. Key players in this industry include major retailers such as Samsonite, Tumi Holdings, and Coach. The primary audience for these stores consists of individuals and businesses in need of travel bags, suitcases, handbags, wallets, and other leather goods. This industry is prominently active in urban areas and travel hubs, such as airports and train stations, where demand for luggage and leather goods is high. The Luggage & Leather Goods Stores industry became significant in the mid-20th century with the rise of air travel and the growth of the tourism industry. It has since experienced major changes due to shifting consumer preferences and the advent of e-commerce. Despite these challenges, this sector remains noteworthy for future opportunities as the travel industry continues to expand and consumers seek high-quality, stylish luggage and leather products for their journeys.

#14 Music & Video Stores

Description: The Music & Video Stores industry consists of retail establishments that primarily sell music and video products, including CDs, DVDs, Blu-ray discs, and vinyl records. Key players in this industry include major retailers such as Best Buy, Walmart, and Target, as well as specialty stores like FYE and Amoeba Music. The primary audience for music and video stores includes consumers of all ages who enjoy purchasing physical copies of their favorite music albums, movies, and TV shows. While the industry has experienced significant challenges due to the rise of digital streaming platforms and online retailers, it remains relevant in various locations worldwide, with a strong presence in major cities and shopping centers. The industry experienced major changes in the early 2000s with the advent of digital music and video downloads, which led to a decline in physical sales. However, there are still opportunities for growth in this sector, particularly in the vinyl record market, as well as the potential for niche stores catering to collectors and enthusiasts.

#13 Optical Goods Stores

Description: The Optical Goods Stores industry is a retail sector that specializes in the sale of eyewear and related optical products. Key players in this industry include major optical retail chains such as LensCrafters, Pearle Vision, and Visionworks, as well as independent optical stores and online retailers. The primary audience for these stores is individuals in need of vision correction, including those who wear prescription glasses or contact lenses. The industry is prominently active in urban areas and regions with high population densities, where there is a greater demand for eyewear products. The Optical Goods Stores industry has experienced significant changes in recent years with the rise of online eyewear retailers and the increasing popularity of direct-to-consumer brands. These changes have led to increased competition and innovation within the industry. With the growing global population and increasing awareness of eye health, the Optical Goods Stores industry presents noteworthy opportunities for future growth and expansion.

#12 Bookstores

Description: Bookstores is a retail industry that specializes in the sale of books, magazines, and other reading materials. The key players in this industry include major bookstore chains such as Barnes & Noble, Books-A-Million, and Waterstones, as well as independent bookstores. The primary audience for bookstores is book lovers, avid readers, and students. Bookstores are prominently active in urban areas, with a concentration of stores in major cities like New York, London, and Tokyo. The industry has experienced major changes in recent years due to the rise of e-commerce and digital books, leading to the closure of some traditional bookstores. However, bookstores continue to be a noteworthy sector for future opportunities as they provide a physical space for community engagement, author events, and personalized recommendations. Despite the challenges, bookstores remain an important destination for book enthusiasts and offer a unique browsing experience that online platforms cannot replicate.

#11 Toy & Hobby Stores

Description: The Toy & Hobby Stores industry is a sector within the Retail industry that specializes in the sale of toys, games, and other hobby-related products. Key players in this industry include major retailers such as Walmart, Target, and Toys 'R' Us. The primary audience for toy and hobby stores is children and their parents, as well as hobby enthusiasts of all ages. This industry is prominently active in countries with high consumer spending and a strong focus on children's entertainment, such as the United States, Japan, and the United Kingdom. The industry experienced major changes in recent years with the bankruptcy and subsequent closure of Toys 'R' Us, one of the largest toy retailers. Despite this setback, the Toy & Hobby Stores industry remains a noteworthy sector for future opportunities due to the continuous demand for toys and hobbies, as well as the potential for innovation and technological advancements in the industry.

#10 Office Supplies Retail

Description: The Office Supplies Retail industry is a sector within the larger Retail industry that specializes in selling office supplies and equipment to businesses and consumers. Key players in this industry include major retail chains like Staples, Office Depot, and Amazon, as well as smaller independent stores. The primary audience for office supplies retail includes businesses of all sizes, from small startups to large corporations, as well as individual consumers. This industry is prominently active in urban and suburban areas, as well as online through e-commerce platforms. The Office Supplies Retail industry became significant in the late 20th century with the rise of office-based businesses and the increasing demand for office essentials. It has since experienced major changes due to the shift towards digitalization and the rise of remote work. With the ongoing evolution of the workplace and the increasing need for remote work setups, the Office Supplies Retail industry presents noteworthy opportunities for future growth and innovation.

#9 Sporting Goods Retail

Description: The Sporting Goods Retail industry is a subset of the broader retail industry, focusing specifically on the sale of sporting goods and equipment. Key players in this industry include major retailers such as Dick's Sporting Goods, Decathlon, and Academy Sports + Outdoors. The primary audience for sporting goods retailers are sports enthusiasts, athletes, and individuals looking to engage in various recreational activities. This industry is prominently active in countries like the United States, China, and Germany, where there is a high demand for sports equipment and apparel. The Sporting Goods Retail industry gained significant importance in the late 20th century, as sports and fitness became more popular worldwide. With the growing emphasis on health and wellness, this sector presents noteworthy opportunities for future growth and innovation. The rise of e-commerce and digital platforms also provides avenues for retailers to expand their reach and cater to a global customer base.

#8 Footwear Retail

Description: The Footwear Retail industry is a prominent sector within the larger Retail industry. It consists of businesses that specialize in the sale of footwear, including shoes, sneakers, sandals, and boots. Key players in this industry include major retail chains, such as Nike, Adidas, and Foot Locker, as well as online retailers like Amazon and Zappos. The primary audience for this industry is consumers of all ages and demographics who are looking to purchase footwear for various purposes, including fashion, sports, and comfort. The industry is prominently active in countries with large consumer markets, such as the United States, China, and India. Footwear retail became significant in the mid-20th century with the rise of mass production and consumerism. It has since experienced major changes with the advent of e-commerce and the increasing demand for sustainable and ethically produced footwear. The Footwear Retail industry is a noteworthy sector for future opportunities due to its continued growth potential, driven by changing consumer preferences, technological advancements, and global market expansion.

#7 Jewelry Retail

Description: The Jewelry Retail industry is a highly competitive sector within the broader retail industry. It primarily involves the sale of various types of jewelry, including rings, necklaces, bracelets, and earrings. Key players in this industry include renowned jewelry retailers such as Tiffany & Co., Cartier, and Pandora. The primary audience for this industry consists of consumers who are interested in purchasing jewelry for personal use or as gifts for special occasions. The industry is prominently active in major cities around the world, with notable jewelry retail districts in New York City, Paris, and Tokyo. The Jewelry Retail industry has been significant for many decades, experiencing major changes with the advent of e-commerce and online jewelry retailers. This sector is noteworthy for future opportunities due to the increasing demand for customized and personalized jewelry, as well as the potential for growth in emerging markets.

#6 Furniture Retail

Description: The Furniture Retail industry encompasses businesses that specialize in selling furniture and home furnishings to consumers. Key players in this industry include major retailers such as IKEA, Ashley Furniture, and Wayfair, as well as smaller regional and local furniture stores. The primary audience for the furniture retail industry is homeowners and renters in need of furnishing their living spaces. The industry is prominently active in various countries around the world, with significant markets in the United States, Europe, and Asia. The furniture retail industry has experienced major changes in recent years due to the rise of e-commerce and online furniture shopping. This shift has led to increased competition and the need for retailers to enhance their digital presence and customer experience. With a growing global population and increasing disposable incomes, the furniture retail sector presents noteworthy opportunities for future growth and innovation.

#5 Cosmetics & Beauty Supply Retail

Description: The Cosmetics & Beauty Supply Retail industry encompasses companies that specialize in the sale of cosmetics, skincare products, haircare products, and beauty accessories. Key players in this industry include major retailers such as Sephora, Ulta Beauty, and CVS Health. The industry is prominent in various countries, with a significant presence in the United States, Europe, and Asia. The Cosmetics & Beauty Supply Retail industry has experienced major changes in recent years, with the rise of e-commerce and the increasing demand for clean and natural beauty products. This sector is noteworthy for future opportunities due to the growing consumer focus on personal care and self-expression, as well as the potential for innovation in beauty technology and sustainability.

#4 Auto Parts Retail

Description: The Auto Parts Retail industry is a significant sector within the broader Retail industry. It consists of companies that specialize in selling automotive parts and accessories to consumers. The key players in this industry include major retailers such as AutoZone, Advance Auto Parts, and O'Reilly Auto Parts. The primary audience for these companies is car owners and automotive enthusiasts who need replacement parts or want to enhance their vehicles with accessories. Auto Parts Retail is prominently active in North America, Europe, and Asia, where there is a high demand for automobiles. The industry has experienced major changes in recent years due to advancements in technology and the growing popularity of electric vehicles. It has become a noteworthy sector for future opportunities due to the increasing complexity of vehicles, the rise of e-commerce, and the potential for growth in emerging markets.

#3 Department Stores

Description: Department Stores is a sub-industry of the Retail sector that encompasses large-scale retail establishments offering a wide range of products, including clothing, electronics, furniture, home appliances, and more. Key players in this industry include Walmart, Target, Macy's, and Kohl's. Department stores cater to a diverse audience, ranging from budget-conscious shoppers to luxury seekers. They operate across various regions globally, with a significant presence in countries like the United States, Canada, the United Kingdom, and Australia. The Department Stores industry has experienced major changes in recent years due to the rise of e-commerce and shifting consumer preferences. However, it remains a noteworthy sector for future opportunities, as companies adapt to digital transformations, enhance online shopping experiences, and explore omnichannel strategies to meet evolving customer demands.

#2 Pharmacies

Description: The Pharmacies industry is a vital sector within the Retail industry, focused on the sale and distribution of prescription drugs and over-the-counter medications. Key players in this industry include major pharmacy chains like CVS Health, Walgreens Boots Alliance, and Rite Aid Corporation, as well as retail giants that have dedicated pharmacy departments such as Walmart and Target. The primary audience for pharmacies is the general public seeking access to essential medications and healthcare products. Pharmacies are prominently active across the United States, with thousands of locations in urban, suburban, and rural areas. The industry has experienced significant changes over time, with the rise of online pharmacies and the increasing integration of technology in medication management. As the healthcare industry continues to evolve, the pharmacies sector presents noteworthy opportunities for future growth and innovation, driven by factors such as an aging population, rising healthcare costs, and advancements in pharmaceutical research and development.

#1 Home Furnishing Retail

Description: The Home Furnishing Retail industry encompasses companies that specialize in selling various home furnishing products such as furniture, home decor, appliances, and beddings. Key players in this industry include retail giants like IKEA, Walmart, and Home Depot, as well as specialty retailers such as Bed Bath & Beyond and Williams-Sonoma. The industry is prominently active in North America, Europe, and Asia, with significant growth opportunities in emerging markets. Home furnishing retailers cater to a wide range of audiences, including homeowners, renters, and interior designers, providing them with stylish and functional products to enhance their living spaces. The industry has experienced major changes in recent years, driven by advancements in e-commerce and the increasing demand for sustainable and eco-friendly products. With the growing emphasis on home improvement and interior design, the Home Furnishing Retail industry presents noteworthy opportunities for future growth and innovation.

The article uncovers critical findings, including a surge in automation adoption and the rise of sustainability as a key concern in the retail industry.

These findings have significant implications for companies operating in this sector, with opportunities for innovation and a growing need for sustainable practices.

Looking ahead, the retail industry is expected to continue its expansion, with increased investments in technology and an emphasis on environmentally responsible practices.

Readers are encouraged to stay informed about industry trends, consider investment opportunities, and explore ways to contribute to sustainable growth in this dynamic industry.

In the ever-evolving landscape of the retail industry, the possibilities are vast, and the path forward is clear: embrace innovation, sustainability, and responsible leadership.