Industry Analysis & Industry Trends
Over the five years to 2016, the Hobby and Toy Stores industry has struggled to fully rebound from recessionary lows, even as the overall economy strengthens. Competition from discount department stores and e-commerce channels has absorbed the increased demand for industry products by offering low prices and a one-stop-shop experience. Accordingly, discount stores have become the leading hobby and toy retailers during the five-year period. Despite the extremely competitive environment, the industry is expected to experience growth in the five years to 2021. Armed with deeper pockets, consumers are expected to increase their expenditure on toys and hobby supplies... purchase to read more
Industry Report - Industry Locations Chapter
As with most retail industries, the location of hobby and toy stores falls broadly in line with a region's population. This also influences the employment and wage level for the particular region. Demand for hobby and toy stores will generally be greatest in regions with the greater the number of residents.
The Southeast, West, and Mid-Atlantic regions of the country are estimated to account for the highest share of industry establishments in 2016, or 21.5%, 17.9%, and 15.6%, respectively, of all hobby and toy stores in the United States. The share of stores falls broadly in line with population trends, with the Southeast accounting for 25.6% of US population, the West region about 17.2% and the Mid-Atlantic region for 15.3%... purchase to read more