Industry Analysis & Industry Trends
The Florists industry has been withering away over the past five years. Poor economic conditions during the recession reduced disposable income, deterring households from making discretionary purchases on flowers and plants. In addition, heightened competition has exacerbated declining demand; discounted prices for comparable goods online and in supermarkets have led consumers to buy fewer flowers from traditional florists... purchase to read more
Industry Report - Starting a New Business Chapter
The Florists industry exhibits minimal barriers to entry, with low upstart costs and no specific licensing requirements. The majority of establishments operate as nonemployers and the capital costs of establishing retail outlets are not substantial relative to many other retail industries, such as department stores. However, the high level of competition and market saturation in a declining industry can prove challenging to new entrants. Most operators are small- to medium-size establishments that cater to the local community. As a result, the industry contains a very high number of establishments, totaling 36,138 in 2015.
Aside from the low capital costs, potential entrants face a number of small hurdles. Store reputation may be one of these hurdles... purchase to read more