Employment
218,437
Total employees (Census CBP)
Retail Trade ·NAICS 448120
NAICS 448120 · IRS SOI 2023 · Census CBP
Women's Clothing Stores - Industry Benchmarks
$22,754/yr average annual pay, with 323 SBA loans on record for NAICS 448120.
- 4.2%
- Retail Trade sector margin
- 218K
- Workers employed
- $22,754/yr
- Avg payroll / employee
- $84M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 448120
California leads Women's Clothing Stores activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Retail Trade sector runs a 4.2% net margin.
- 4.2%
- Retail Trade sector margin (IRS SOI)
- 218K
- Workers employed (Census CBP)
- $22,754/yr
- Avg payroll / employee
- $84M
- SBA lending, FY20–26
Benchmarking Insights for Women's Clothing Stores
Women's Clothing Stores sits inside Retail Trade, a sector that runs a 4.2% net margin overall.
26,279 establishments employ 218,437 workers (8.3/location) at $22,754/yr average annual pay. California leads employment, followed by Texas and New York.
Avg Payroll / Employee
$22,754/yr
Annual compensation
Establishments
26,279
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 15,432; establishment count increased by 392. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $5.0B
- Avg Employees per Establishment
- 8.3
Top States by Employment
| State | Employment |
|---|---|
| California | 24,529 |
| Texas | 18,547 |
| New York | 17,771 |
| Florida | 16,965 |
| Illinois | 8,497 |
| Georgia | 7,930 |
| New Jersey | 7,761 |
| North Carolina | 7,658 |
| Pennsylvania | 7,284 |
| Ohio | 5,995 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
323
Total Loan Volume
$84M
Avg Loan Size
$259K
Jobs Supported
1,534
Program Breakdown
7(a) 294 (91%)
504 29 (9%)
Top SBA Lender
TD Bank, National Association
33 loans in this industry
New Business Share
39.3% of borrowers were new/startup businesses
Annual Lending Trend (6 yrs)
2020 85
2021 113
2022 74
2023 36
2024 12
2025 3
Frequently Asked Questions
How profitable is Women's Clothing Stores?
IRS SOI doesn't publish margin data at the NAICS 448120 level. California leads this industry nationally. The broader Retail Trade sector runs a 4.2% net margin (IRS SOI 2023).
How many businesses are in Women's Clothing Stores?
26,279 business establishments. Together they employ 218,437 workers.
What is the average payroll per employee in Women's Clothing Stores?
$22,754/yr average annual pay per employee. Businesses average 8.3 employees per establishment.
Which states have the most Women's Clothing Stores employment?
California leads with 24,529 workers. Texas (18,547) and New York (17,771) round out the top three.
How much SBA lending does Women's Clothing Stores receive?
Women's Clothing Stores businesses received 323 SBA loans totaling $84 million between FY2020 and FY2026. The average loan size was $259K. These loans supported 1,534 jobs at origination. Most lending (91%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 86% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Women's Clothing Stores
- No margin data, check the parent industry. Browse Retail Trade
- 26,279 establishments, 218,437 workers. Payroll benchmarks
- 323 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 448120 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.