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 - Industry Key Buyers Chapter
The Florists industry has a very low concentration, as only one player accounts for more than 5.0% of industry revenue. In fact, as of 2013, IBISWorld estimates that 60.0% of the industry's 37,086 firms operate as single-owner businesses with no employees. Among establishments that do have employees, 27.7% employ fewer than five employees, while only 0.9% of establishments have 20 or more workers. Florists tend to serve only their local region or city.
Concentration for this industry has risen over the five years to 2013, highlighted by an average annual decline in enterprises of 2.4%. The industry has come under increasing pressure from grocery stores and online retailers that have expanded their product offerings... purchase to read more