Retail Industry Facts

An economic engine for New York State
Annual retail sales in New York State exceed $291 billion.
U.S. Census Bureau, 2017 Economic Census

A significant employer
New York’s retailers not only employ more than 945,000 workers in more than 78,000 establishments, but they also partner with state and local governments as key entry-level employers for job training and opportunity programs throughout the state.
U.S. Census Bureau, 2017 Economic Census

A creator of billions in payroll
Retailing in New York State generates a payroll of more than $33 billion.
New York State Department of Labor, Quarterly Census of Employment and Wages (2020 data)

A sales tax generator
Retail sales in New York State account for over 25% of the taxable sales and purchases in the state’s tax base.
New York State Department of Taxation and Finance, Taxable Sales and Purchases (2020-2021)

A community supporter
Retailers large and small provide donations of cash, merchandise, and/or facilities to support community groups, schools, and other organizations in the villages, towns and cities where they do business.

 

 

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