Chapter

The Role of Retail

Ronald S. Jarmin, Shawn D. Klimek and Javier Miranda

in Producer Dynamics

Published by University of Chicago Press

Published in print March 2009 | ISBN: 9780226172569
Published online February 2013 | e-ISBN: 9780226172576 | DOI: http://dx.doi.org/10.7208/chicago/9780226172576.003.0007
The Role of Retail

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This chapter addresses the entry and exit of establishments and firms in the U.S. retail sector based on analysis of the Census Bureau's newly developed Longitudinal Business Database (LBD). It demonstrates that firm turnover has declined over time in most retail industries but differs systematically by market size and ownership structure. Metro areas have the highest producer turnover while rural areas have the lowest. Independently-owned stores experience higher turnover compared to chain stores. Single location retail firms have on average increased in size since 1976. The firm exit rates are highest in metropolitan markets and slightly higher in micropolitan markets than in rural markets. The mom-and-pop stores have the largest exit rates, regardless of industry or unit of measure. Chain stores and mom-and-pop stores appear to be able to coexist in some industries better than others.

Keywords: firm entry; firm exit; firm turnover; U.S. retail sector; Census Bureau; Longitudinal Business Database; retail firms; mom-and-pop stores; chain stores

Chapter.  13061 words.  Illustrated.

Subjects: Microeconomics

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