15
An Aging Industry
Over 24% of the reporting businesses have been in business for over 30 years, and over
70% have been in business for 11 years or more. Only 1% of those reporting entered the
industry during the past two years.
Years in Business
2013
2012
Less than 2
1%
4%
11 Years +
72%
67%
30 Years +
24%
24%
A Positive Economic Outlook and Thoughts About Federal Government Support
The retail sector reflects the is less optimistic than year ago about the possibility of a
business increase in 2013.
Regarding the overall economy, retailers are a bit more pessimistic about the overall
economy than they were a year ago.
With respect to Federal Government support, over 75% of the retail sector either has no
opinion or feels that the Federal Government does not support their business, which is a
shift from the 2012 feelings.
Opinions
2013
2012
Business will increase
57%
67%
Will not add employees
64%
67%
Economy will rebound
32%
36%
Economy will remain same
33%
37%
Federal Govt. Non-Support
75%
83%
Cost of Business and Actions Taken
Over 66% of respondents have felt the costs of business increase over the previous 12
months, though at a more moderate pace.
Costs Have Increased
2013
2012
Significantly
17%
20%
Somewhat
49%
47%
1...,5,6,7,8,9,10,11,12,13,14 16,17,18,19,20,21,22,23,24,25,...81