Facts about the Retail Industry in New York State

With nearly one million retail firms and just short of 13 million employees, the retail industry is one of the most important in the United States. The economic health of the retail industry – and ultimately its ability to provide not only millions of jobs but also desired goods and services at reasonable prices – depends in large part on the regulatory environment within which it must operate.

An economic engine for New York State
Annual retail sales in New York State exceed $135 billion.

A significant employer
New York’s retailers employ 860,000 workers in more than 70,000 establishments, also partnering with state and local governments as key entry-level employers for job training and opportunity programs throughout the state.

Billions in payroll
Retailing in New York State has a payroll of more than $22.9 billion.

A sales tax generator
Retailing helps generate, collect, and remit New York State and local sales tax revenue exceeding $22 billion annually.

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.