Nevada, also known as the Silver State, one of the Rocky Mountain states of the United States. A stark and arid land, Nevada is a region of rugged, snow-capped peaks, desert valleys green with sage, and sparsely populated expanses that still retain the vestiges of the Old West. But the state is also known for its glittering cities, where luxurious casinos draw visitors from around the world. Carson City is Nevada’s capital. Las Vegas is the largest city.

Nevada had the fastest-growing population of any state in the 1990s and one of the fastest growing economies. Boom and bust have been a typical economic cycle for Nevada, although the boom in the 1990s was without precedent in the state.

The legalization of gambling in 1931 led to growth of the tourism and entertainment and Las Vegas is known to draw in a lot of people from all over the world. Nevada is the only U.S. state where prostitution is legal, though it is illegal in Clark County (Las Vegas), Washoe County (Reno), and Carson City (which, as an independent city, is not within the boundaries of any county). The tourism industry remains Nevada’s largest employer, with mining continuing as a substantial sector of the economy: Nevada is the fourth-largest producer of gold in the world.

According to a report made for the National Retail Federation by PwC, it was noted that the per capita retail GDP of Nevada is about $4,686. This shows how vibrant the retail trade of the state is. It was listed among the top 15 states with the highest per capita retail GDP and it was placed as number 6 in 2012.

According to the same report, about 265,122 people were employed in the retail industry in Nevada and it accounts for 0.9% of the people employed in the retail sector of the entire united states.

According to nevadabusiness.com, “The retail industry in Nevada as a whole is “energetic,” said the Retail Association’s Wachter. Retail employment, with available jobs, likely outnumbering applicants today. Same-store sales are increasing among major brands, which suggests they’re reinventing themselves and funneling money back into their retail locations. The amount of time vacant spaces are remaining on the market is shrinking.”

This article dated November 1^st, 2018 also noted that: “Effective as of the first of October, Nevada began requiring remote sellers to register and collect sales tax. They are out-of-state vendors that lack a physical presence in Nevada and that, in the previous or current calendar year, sold more than $100,000 in sales to Nevada or conducted 200-plus separate transactions for delivery into Nevada. According to the state taxation department, this new mandate could generate an estimated $17 to $29 million for The Silver State.”

Thus, the retail industry in Nevada is fast moving out of the traditional setting that was and a lot of innovative structures are coming on board to serve the ever-increasing population of the state. Tourism is a catch, so also are the mineral resources.