New York City Industry Sector Dashboards

Retail Sector

New York City Industry Sector Dashboards

New York City is one of the world’s premier shopping destinations, topping “best of” lists and drawing visitors from across the globe. The retail sector is a vital part of the City’s economic and social landscape, with businesses ranging from corner grocery stores to renowned department stores in locations across the City, from neighborhood commercial areas to Manhattan’s major retail corridors. The COVID-19 pandemic has affected the retail trade sector unevenly, with online retailers and some essential businesses experiencing growth and other large retail segments seeing falling revenues. Retail made up 34.6 percent of all City taxable sales as of March-November 2021.