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Retail
Trade
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Executive Summary of the Division
“This division includes establishments engaged in selling merchandise for personal or household consumption and rendering services incidental to the sale of the goods. ... Some of the important characteristics of Retail Trade establishments are: the establishment is usually a place of business and is engaged in activities to attract the general public to buy; the establishment buys or receives merchandise as well as sells; the establishment may process its products, but such processing is incidental or subordinate to selling; the establishment is considered as retail in the trade; and the establishment sells to customers for personal and household use. Not all of these characteristics need be present and some are modified by trade practice.”
(1987 Standard Industrial Classification Manual Pg. 313)
The Major Groups of Retail Trade
- Building Materials, Hardware, Garden Supplies, & Mobile Home Dealers (SIC 52)
- General Merchandise Stores (SIC 53)
- Food Stores (SIC 54)
- Auto Dealers & Gas Service Stations (SIC 55)
- Apparel & Accessory Stores (SIC 56)
- Home Furniture, Furnishings, & Equipment Stores (SIC 57)
- Eating & Drinking Places (SIC 58)
- Miscellaneous Retail (SIC 59)
Wyoming Covered Employment
Retail Trade employed almost 45,000 individuals in 1996. The industry is projected to employ almost 49,500 in 2006. The largest major group in the Retail Trade industry is the Eating and Drinking Places (SIC 58). This major group has almost 40 percent of the total employment in this industry. Eating and Drinking Places employed just over 17,000 individuals in 1996 and are projected to employ almost 19,000 in 2006. The other major employing industries are SICs 53, 54, 55, and 59.
The Top Employing Occupations within Retail
Trade
| |
Employment |
Wages |
| Occupational Title |
Base 1996 |
Projected 2006 |
Entry |
Skilled |
| 49011 Salespersons, Retail |
5,908 |
7,086 |
$5.24 |
$7.59 |
| 49023 Cashiers |
4,789 |
5,627 |
5.14 |
6.87 |
| 65008 Waiters & Waitresses |
4,363 |
4,479 |
5.03 |
5.59 |
| 65041 Combined Food Preparation & Service Workers |
2,540 |
2,696 |
5.02 |
5.57 |
| 49021 Stock Clerks, Sales Floor |
2,126 |
1,833 |
5.22 |
7.36 |
| 65038 Food Preparation Workers |
2,117 |
2,554 |
5.07 |
5.70 |
| 41002 Marketing/Sales Supervisors |
2,024 |
2,288 |
7.84 |
13.87 |
| 65026 Cooks, Restaurant |
1,796 |
1,999 |
5.43 |
7.61 |
| 19005 General Managers & Top Executives |
1,580 |
1,730 |
12.05 |
27.46 |
| 65032 Cooks, Fast Food |
1,300 |
1,480 |
5.08 |
5.74 |
| 61099 Service Supervisors, NEC |
1,006 |
1,119 |
N/A |
N/A |
| 49999 Sales & Related Workers |
977 |
1,089 |
5.12 |
6.59 |
| 55338 Bookkeeping, Accounting, Audit Clerks |
920 |
849 |
6.92 |
10.92 |
| 65005 Bartenders |
805 |
784 |
5.44 |
7.61 |
| 85302 Automotive Mechanics |
733 |
764 |
8.85 |
14.49 |
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Above is a Table which contains the top 15 occupations by employment level. One of the major sectors driving the Retail Trade industry is SIC 58 - Eating and Drinking Places. It is the number one employer in the Retail Trade sector (38.6 percent). Each major group in the Retail Trade industry is projected to grow and the industry as a whole is projected to grow 10.5 percent by the year 2006, which is the third largest growth rate of the ten major industries. There are a few occupations that pay over $10/hour as a skilled worker, but the majority of the occupations pay less than $10/hour. This industry employs a lot of workers relative to other industries, but many of the workers in Retail Trade are also part-time.
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