Industry Analysis & Industry Trends
Competition in full bloom
Traditional florists are feeling the heat from supermarkets and online retailers, which are luring customers by carrying comparable products at lower prices. To recoup some of the losses from this increasing competition, more florists will join national floral wire services. Others will take advantage of technological advances to increase their operating efficiency. However, the industry will continue to struggle under growing price pressures, which will keep profit low and push underperforming florists out of the industry altogether... purchase to read more
Industry Report - Starting a New Business Chapter
The Florists industry exhibits minimal barriers to entry, with low establishment costs and no licensing requirements (except in Louisiana). However, the high level of competition and market awareness can prove challenging to new entrants. Most operators are small- to medium-size establishments that cater to the local community. Given that more than 90.0% of employer firms have fewer than 10 employees, the capital costs of establishing retail outlets are not substantial relative to many other retail industries such as department stores and warehouse clubs and superstores. As a result, the industry contains a very high number of establishments, expected to total 37,761 in 2013.
Aside from the low capital costs, potential entrants face a number of small hurdles... purchase to read more