Industry Analysis & Industry Trends
Declining revenue, slim profit margins and exiting operators have characterized the Nursery and Garden Stores industry over the five years to 2015. While demand for discretionary nursery and garden products has improved since the economic downturn, intense price-based competition from home improvement stores and mass merchandisers has limited the benefits accrued by the industry. As a result, revenue has declined throughout most of the period, and both employment and establishment figures have dropped. These trends will continue in the five years to 2020, exacerbated by slowing growth in the population aged 50 and over, the industry's largest market... 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 retail 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. Nevertheless, prospective entrants still need to consider the capital requirements of establishing a new store or purchasing an existing location... purchase to read more