POPULATION TRENDS AND RETAIL PLANNING

Population Trends and Retail Planning

Population Trends and Retail Planning

Consumer demand is impacted by environmental changes in the business, market and national arenas. Keeping in view all these changes, retailers must be sensitive to changing consumer needs, demographics and social and economic trends. The population trends in United States can give us a hint of these changes. The following chart lists the population forecasts for the U.S. population for the period 2010 through 2050.

Source: The World Resources Sim Center

The current U.S. population is around 300 million, making us the third most populated country in ...