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Retail trade has welcomed the hike in employment with 3.7 million job openings constituting 6% of total U.S employments in 2012. In other parts of the world also it is on same trend and growth. If we see on its expansion then its journey began with increasing number of supermarkets, superstores and departmental stores. Government is also taking a keen interest in this sector as key driver domestic consumption that will ultimately lead to economic growth. Major services offered by them are; ready stock of different items, good assortment of various products, offering great deals and improving knowledge of consumer about product.
It thus owns a strategic position in economy also affecting the future of country by placing out various job offers.