ࡱ> ZY '@\pBureau Of The Census Ba==K[,8X@"1& Courier New1Arial1Arial1Arial1Arial1&  Courier New1& Courier New1& Courier New"$"#,##0_);\("$"#,##0\)!"$"#,##0_);[Red]\("$"#,##0\)""$"#,##0.00_);\("$"#,##0.00\)'""$"#,##0.00_);[Red]\("$"#,##0.00\)7*2_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_).))_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)?,:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)6+1_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_)"$"#,##0;\-"$"#,##0"$"#,##0;[Red]\-"$"#,##0"$"#,##0.00;\-"$"#,##0.00#"$"#,##0.00;[Red]\-"$"#,##0.0050_-"$"* #,##0_-;\-"$"* #,##0_-;_-"$"* "-"_-;_-@_-,'_-* #,##0_-;\-* #,##0_-;_-* "-"_-;_-@_-=8_-"$"* #,##0.00_-;\-"$"* #,##0.00_-;_-"$"* "-"??_-;_-@_-4/_-* #,##0.00_-;\-* #,##0.00_-;_-* "-"??_-;_-@_-0_)#,##0.0_);\(#,##0.0\) 0.0_)                + ) , *   $ "  " %     $ $@  $@@ "@ $@  @  @ % @    @ %     @   @  %   `_006s1018 ~xTerms <  ;+ ' Print_Area_MI;+   SOURCE;%( TITLE= `i NAICSKind of Businesscode \11995199744-45Motor vehicle and parts dealers441442 Electronics and appliance stores443'Building material and garden equipment  and supply stores444Food and beverage stores445Health and personal care stores446Gasoline stations447(Clothing and clothing accessories stores448-Sporting goods, hobby, book, and music stores451General merchandise stores452Miscellaneous store retailers453Nonstore retailers454% Food services and drinking places7227\1 North American Industry Classification System, 1997;*see text, Section 15, Business Enterprise.PAnnual Benchmark Report for Retail Trade and Food Services, January 1992 ThroughANNUAL RETAIL TRADE SURVEYPURPOSEGTo provide detailed industry measures of retail company activities. TheEUnited States Code, Title 13, authorizes this survey and provides formandatory responses.COVERAGEJRetail companies with one or more establishments that sell merchandise andKassociated services to final consumers (SIC Division G). In 1995, consumersDspent more than an estimated $2.3 trillion at retail establishments.CONTENTCCompanies provide data on dollar value of retail sales, sales taxesIcollected, inventories, method-of-inventory valuation, cost of purchases,!and account receivables balances. FREQUENCYHAnnually since 1951 (except 1954); reported data are for activity takingIplace over the prior calendar year. Data collection begins the first weekFafter the close of the year. Samples are re-selected every 5 years and<updated annually, most recently for the 1996 reference year.METHODSJA mail-out/mail-back survey of a sub-sample of about 22,000 firms selectedJfrom the monthly retail trade survey panels. The annual survey consists ofKall monthly survey panel firms that had payrolls during the reference year,Eplus administrative data or imputed values to account for nonemployerretail businesses.EThere are currently about 31,000 companies in the monthly sample. TheGmonthly sample consists of 3 rotating panels of about 6,100 single-unitDfirms and 2,200 small multi-unit firms; and a special panel of large2multi-unit firms and other firms with large sales.JThe annual survey uses 2 of the 3 rotating monthly panels, and the specialCmonthly panel. Since 1977, the monthly retail trade survey has beenDbenchmarked to the annual retail trade report. Inventories have beenIsimilarly benchmarked since 1951. Annual estimates are benchmarked to theHmost recent census of retail trade. In addition, benchmarking the annualIsurvey to the monthly surveys greatly improved the quality of the monthly/estimates and allowed the sample to be reduced.*DEFINITION OF TERMSJSales. Sales include the following: merchandise sold for cash or credit atIretail and wholesale by establishments primarily engaged in retail trade;Kamounts received from customers for layaway purchases; receipts from rentalHor leasing of vehicles, equipment, instruments, tools, etc; receipts forKdelivery, installation, maintenance, repair, alteration, storage, and otherGservices; and receipts from gasoline, liquor, tobacco, and other exciseJtaxes which are paid by the manufacturer or wholesaler and passed along toJthe retailer. Sales are net after deduction for refunds and allowances forImerchandise returned by customers. Trade-in allowances and manufacturers'Jrebates are not deducted from total sales, however, rebates offered by theJretailer are deducted. Total sales do not include commissions from vendingImachine operators or nonoperating income from such sources as investments#and rental or sales or real estate.JSales exclude sales and excise taxes collected directly from customers andIpaid directly to a local, State, or Federal tax agency. Also excluded are=receipts from customers for carrying or other credit charges.GThe sales data represent total sales and receipts of all establishmentsIprimarily engaged in retail trade. They do not include sales at retail byDmanufacturers, wholesalers, service establishments, and others whose,primary activity is other than retail trade.IInventories. Inventories represent stocks of merchandise, valued at cost,Jon hand for sale by retail establishments at the end of the month. MethodsIof valuation may vary according to the accounting practices of the firms.HHowever, the estimates provided are on a non-LIFO basis. Inventories areFshown for retail stores and warehouses combined. Only those warehousesJwhich maintain supplies of merchandise primarily intended for distributionJto retail stores within the organization are included. Inventories excludeIthe value of fixtures, furnishings, equipment, and supplies used in store1and warehouse operations and not held for resale.CInventories-sales ratios. The inventories-sales ratios indicate theGrelationship of end-of-month inventories to sales during the month. TheEratios shown are derived by dividing the inventories estimates by theHcorresponding sales estimates. No adjustment is made in these ratios forHthe markup in sales which may vary from one kind of business to another.JKind-of-business classifications. Retail trade, defined as major groups 52Hthrough 59 of the SIC Manual, includes establishments engaged in sellingHmerchandise for personal or household consumption and rendering servicesHincidental to the sale of the goods. Exceptions to this general rule areGmade necessary by trade practices. For example, lumber yards and paint,Hglass, and wallpaper stores are included in retail trade if they sell toIthe general public, even if a higher proportion of their sales is made toEcontractors. Also, establishments engaged in selling products such asKtypewriters, stationery or gasoline to the general public are classified inGretail trade, even though such products may not be used for personal orKhousehold consumption. However, even within these areas of exception to the>general rule, establishments that sell exclusively to businessFestablishments, institutional and industrial users, or contractors areclassified in wholesale trade.GAdditional characteristics of retail trade establishments are that theyKusually operate at fixed places of business; they are engaged in activitiesHto attract the general public to buy; they buy or receive merchandise asEwell as sell; they may process their products, but such processing isJincidental or subordinate to selling; and they are considered as retail inHthe trade. Not all of these characteristics need to be present, and someare modified by trade practice.GKind-of-business classifications are not interchangeable with commodityGclassifications. Most businesses sell several kinds of commodities. TheKkind-of-business code assigned generally reflects the individual commodity,Fthe commodity group which is the primary source of the establishment's@receipts, or some mixture of commodities which characterizes theEestablishment's business. Classification of establishments by kind ofKbusiness generally does not make it possible to determine either the numberFof establishments handling a particular commodity or the sales of thatEcommodity. For example, the food group classification excludes storesGselling food if the sale of food is not the primary source of receipts;Imoreover, even though stores are classified as food stores, some of their;receipts may be derived from the sales of nonfood products.HPurchases represent the total cost of merchandise that was purchased forFresale during the year, whether or not payment for the merchandise wasmade during the year.HPurchases data include cash and credit purchases made at central officesGand company warehouses. The purchases, however, exclude deliveries fromHcentral offices or warehouses to retail stores owned by other companies.HWe asked those companies engaged in both manufacturing and retailing to Hinclude purchases at the cost value of intercompany transfers from theirJplant or warehouses to their<9 retail stores. Also, we asked these companies)to include the cost of outside purchases.7Cost of Goods Available for Sale and Cost of Goods SoldGCost of goods available for sale is calculated by adding the purchases Emade during the year to the preceding year's end-of-year inventories.GTo calculate the cost of goods sold, we deducted the end of the currentFyear's value of inventories from the cost of goods available for sale.<Gross margin represents total sales less cost of goods sold.FOOTNOTE%Furniture and home furnishings stores44-45,72 44-45 ex 441rTable 1018. Retail Trade and Food Services--Estimated Per Capita Sales by Selected Kinds of Business: 1992 to 2004 [In dollars. As of December 31.<Based on estimated resident population estimates as of July./For statement on methodology, see Appendix III]! 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