Retail Sales facts

While investigating facts about Retail Sales Associate and Retail Sales Report, I found out little known, but curios details like:

JCPenney tried to do away with fake retail sales and implemented flat rate pricing. They failed miserably and lost 700 million dollars.

how to increase sales in retail?

JC Penney marketed items as being higher than their retail price and then put them on sale to create more demand for the regular priced item.

What's retail sales experience?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what retail sales associates do. Here are 22 of the best facts about Retail Sales Associate Job Description and Retail Sales Associate Resume I managed to collect.

what's retail sales?

1. Sweden has a government monopoly on retail liquor sales to promote safe alcohol consumption

2. In 1987 one of Heineken’s retailers started a rumor that urine was one of Corona’s components to stop growing sales. Corona’s parent company sued for damages and reached a settlement.

3. Nintendo created the 90day return policy concept, and electronic point of sales systems... which they gave to retailers to stop customers from returning months/years old NES’s for full refunds when the SNES was released.

4. Many retailers and business have used Labor Day as a retail sale day because of the large number of people who are not at work and are free to shop. The day has become so popular for shoppers that it the second largest 'sale" day in the United States. The first is Black Friday.

5. A Wal-Mart employee nets the company an average of $236,804 in sales and covers 524 sq. feet of retail space.

6. You can "buy" your way onto the NY Times Best Sellers List. To combat this, the Times samples sales from a wide range of retailers, a measure specifically intended to weed out books whose sales surge is a product of artificial demand. The CEO of Zappos bought his way onto the Best Sellers List.

7. In 1939, Franklin D. Roosevelt moved Thanksgiving from the last week in November to the 4th week in November in an effort to boost retail sales during the Great Depression

8. The electronic "Point of Sales" System of modern retail was developed by Arnold Spielberg, father of Steven Spielberg.

9. Teen fashion retailer, Abercrombie & Fitch, was founded in 1892 as an upscale sporting goods store. In 1938 40% of it’s Madison Ave store’s sales were guns. Notable patrons included Teddy Roosevelt and Amelia Earhart.

10. Cheetos annual retail sales total $4 billion. Created in 1948 the inventor did not have the production or distribution capacity to support a nationwide launch which led him to partner with Herman W. Lay and the two eventually merged and formed the Frito-Lay company.

Retail Sales data charts

For your convenience take a look at Retail Sales figures with stats and charts presented as graphic.

Why retail sales drop?

You can easily fact check why retail salesperson by examining the linked well-known sources.

JC Penney CEO Ron Johnson tried to reinvent retail by eliminating coupons, setting a price where the consumer did not even need a coupon in the first place. One year later, JC Penney posted a same store sales drop of 32% in 1 quarter and is referred to "the worst quarter in retail history".

In 1939, President Franklin D. Rooseveltmoved the Thanksgiving holiday one week earlier than normal, believing that doing so would help bolster retail sales during one of the final years of the Great Depression. - source

Franksgiving" was coined in 1939 after FDR divided the country by moving Thanksgiving to the next to last Thursday in November as an attempt to boost retail sales. He reversed the decision in 1941 after half the country refused to celebrate it. - source

in the UK, the 5p carrier bag charge is not required to be enforced at retailers with fewer than 250 employees. The government collects 1p in VAT from sales and encourages retailers to donate the remaining 4p to charity. In Jan-2018, the BBC reported the charge could increase to 10p and extend

Despite being a fairly new entrant to the retail stores space, Apple has the greatest sales per unit area, nearly equaling Murphy USA (2nd) and Tiffany Co (3rd) combined - source

When are retail sales release?

Paramus, New Jersey sees more retail sales than any other zip code in the country, beating Beverly Hills’ luxurious Rodeo Drive

How to improve sales in retail?

Ontario has a government monopoly on retail liquor sales to promote safe alcohol consumption

The largest shopping destination in the United States is Paramus, New Jersey, which generates over $5 billion in retail sales annually.

Sonic is still a top 20 contender in retail sales value, right behind Warcraft and above Elder Scrolls

There is only one legal firearms retailer in Mexico. In fact, nearly 70% of guns recovered from Mexican criminal activity from 2007 to 2011 originated from sales in the United States