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To produce national estimates of total annual sales, e-commerce sales, end-of-year inventories, purchases, total operating expenses, inventories held outside the United States, gross margins, and end-of-year accounts receivable for retail businesses and annual sales, total operating expenses, and e-commerce sales for accommodation and food service firms located in the United States.
The ARTS sample covers employer businesses classified in retail trade sector and accommodation & food services sector located in the 50 states and the District of Columbia. ARTS excludes data for businesses located in the U.S. territories. Firms without paid employees, or nonemployers, are included in the estimates through imputation or administrative data provided by other federal agencies.
ARTS requests data on total annual sales, e-commerce sales, end-of-year inventories, inventory-to-sales ratios, purchases, total operating expenses, inventories held outside the United States, gross margins, and end-of-year accounts receivable for retail businesses and annual sales, total operating expenses, and e-commerce sales for accommodation and food service firms located in the United States.
Estimates are released approximately 15 months after the reference year and are summarized by industry classification based on the North American Industry Classification System (NAICS). The ARTS estimates are used to benchmark the monthly retail sales and inventories estimates each spring, and are published in the Annual Revision for Monthly Retail and Food Services Sales. Additionally, estimates from the ARTS are used by the Bureau of Economic Analysis (BEA) as input to their annual Gross Domestic Product (GDP) revision that is published each July.