Industry Analysis & Industry Trends
Much like many other textile industries, the Tile and Marble Stores industry was hit hard by the decline in residential and nonresidential construction brought on by the recession. As construction rates picked up, industry revenue has started to recover, but not yet to prerecession levels, and will not reach that level within the next five years. Though strong revenue and profit growth are expected, increasing external and internal competition will pose threats to the industry.... purchase to read more
Industry Report - Starting a New Business Chapter
The Tile and Marble Stores industry exhibits low barriers to entry for prospective operators, which do not need to meet licensing requirements or adhere to significant industry specific government regulations. However, investment costs can prevent firms from entering the industry while high competition can deter entrants.
The initial cost of establishing or purchasing a retail outlet, and costs associated with building inventory, can be high. Prospective operators may not be readily able to secure the necessary capital to purchase or lease space to establish a new store, given the stringent lending market for commercial loans... purchase to read more