Apparel Shop Quick Facts

Having more information means you can be better prepared.

Did you know?

• Employee theft cost all retailers 47% of inventory shrinkage in annual retail losses, and shoplifting accounted for another 32%.
  -- National Retail Security Survey
• By 2012, plus-size and big and tall stores alone could shatter the $100 billion mark.
  -- marketresearch.com
• The children’s apparel market is estimated to account for $20-22 billion in sales every year and is considered among the fastest-growing segments of the overall retail market.
  -- entrepreneur.com
• Two-thirds of clothing, accessory and general merchandise stores employee fewer than 10 workers.
  -- U.S. Department of Labor
• Retailers employ more U.S. workers than any other industry.
  -- National Retail Federation
• Most retailers are small businesses.
  -- National Retail Federation
• The average cost of a slip and fall is $22,802.
  -- Injury Facts 2007, National Safety Council
• If a power surge takes out your phone system and computers, your Nationwide policy could cover the cost of repair and your lost income.
• Nationwide is one of the top 10 commercial insurance carriers in the U.S.