Industry Analysis & Industry Trends
Nursery and garden stores have faced strong competition from home improvement stores and mass retailers, and this trend 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 declining. 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 2.7%.
High competition also limits the industry's opportunities for expansion. Alternative nursery and garden supplies 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. Over the five years to 2014, enterprises will fall at an average annual rate of 0.6%; this trend will continue during the five years to 2019, with enterprises falling an annualized 2.0%... purchase to read more