Industry Analysis & Industry Trends
The Dollar and Variety Stores industry has capitalized on the recession, with more consumers turning to these stores for deep discounts. In the next five years, IBISWorld expects this industry to transition from a growing life cycle phase to a mature phase. While major players are expected to sustain growth and sales, smaller companies and single branch operators are less likely to sustain the revenue they made during the economic downturn. The industry is expected to consolidate and face tougher competition from traditional rivals like Walmart... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has a high level of concentration with the top four players accounting for 81.7% of industry revenue. Therefore, prospective operators planning to enter this industry may encounter strong competition from incumbent firms. However, the dominance of players fluctuates depending on the region; as such, the barriers to entry vary, depending on where an operator plans to launch new stores.
Like most retailing industries, the majority of operational costs are devoted to the payment of wages rather than to expenditure on capital equipment such as fixtures and fittings. Despite this, operators planning to enter this industry must consider the capital requirements of establishing a new store or purchasing an existing location... purchase to read more