Key Success Factors Of The Retail Industry: Industry Characteristics

799 Words2 Pages

Industry Characteristics
Industry size On a Global scale, the warehouse industry total revenue is $457 billion in 2017 (IBIS World, 2017). The main reason for a consistent increase in the total revenue is that in the years past, many people switched to warehouse clubs. With a wide range of clubs existing in the world, there is no shock that revenue has increased each year. In 2011, the wholesale industry produced nearly 420 billion dollars and continually gone up (Statista, 2018). The graph below represents the revenue from the years 2011-2014, a four-year period provided by Statistia (2018). The demand for wholesale clubs continue to increase, more and more countries are looking to get a wholesale store into their country. The majority of wholesale clubs that are started and their location headquarters are located in the United States. Although, these companies are making the biggest impact on the market, people are finding new ways …show more content…

One of the ways they do it is expanding from one location to another. At a world standpoint, “The top three wholesale clubs make 800 million this year” (Hoover's Online).
Key Success Factors The key success factor is important to every company in any industry. This analysis shows the companies how the customer chose the products and what the company needs to do to survive their competitors. When viewing the whole sale industry there are two key factors that every company should be aware of and if they have availability and product differentiation. Availability is a key success factor in the wholesale industry. The more wholesales located the more revenue it is going to bring. To accommodate this high demand of wholesale clubs, they additional stuff for consumers beyond the produce and home essentials. Many wholesale clubs are selling gas to its members, and walking into a wholesale club members have the opportunity right at the entrance to get their eyes

More about Key Success Factors Of The Retail Industry: Industry Characteristics

Open Document