Industry Analysis & Industry Trends
Nursery and garden stores have faced strong competition from home improvement stores and mass retailers, a trend that is expected to continue in the five years to 2019. Despite improving disposable incomes and home improvement budgets, consumers will increasingly favor large, low-cost retailers to specialty garden stores for their competitive prices and convenient one-stop-shop formats... purchase to read more
Industry Report - Starting a New Business Chapter
Opening a retail outlet is fairly straightforward with no formidable barriers to entry. Low industry concentration also suggests that no single player dominates the market. The low level of market dominance held by key players in an industry makes it easier for new entrants to develop and attract consumers. This should act as an incentive to new players planning to enter this industry.
Like most retailing industries, operators in this industry are subject to a low level of capital intensity as the majority of operational costs are devoted to the payment of wages as opposed to capital expenditure. Despite this, prospective entrants still need to consider the capital requirements of establishing a new store or purchasing an existing location... purchase to read more