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 - Industry SWOT Analysis Chapter
The Nursery and Garden Stores industry is in the declining stage of its life cycle. Industry value added (IVA), which measures an industry's contribution to GDP, is falling over the 10 years to 2019 at an average annual rate of 1.8%, while GDP grows at an average annual rate of 2.5% over the same period.
High competition also limits the industry's opportunities for expansion. Alternative nursery and garden supply outlets such as home improvement stores and mass merchandisers create intense price competition for this industry's operators. As a result, profit margins have declined and companies have left the industry... purchase to read more