Nowadays(2019), Armenia has improved standards of living and growing income, which brought to the improvement of retail sector in Armenia. retail sector has the highest employment level. While the sector improves, currently the major sector is still in Yerevan, and not in the other cities of Armenia. The development that happened in this sector was the opening of Dalma Garden Mall, and later Yerevan mall and Rio mall, which dramatically increased the quality of retail in Yerevan. Currently there is a new development, as in Gyumri there is a new mall opened called Shirak Mall. Another reason for the development of the retail is the development that happened in the banking industry. Today people can easily get financial assistance from the banks right to their credit cards, without visiting the bank.