Industry Analysis & Industry Trends
Despite the economy's turnaround, revenue for the Small Specialty Retail Stores industry will continue to experience downward pressure. The largely discretionary nature of the products sold by these stores will continue to push budget-conscious consumers to shop at external outlets, such as discount department stores and online retailers. Also, sales of tobacco, once the industry's key moneymaker, will gradually decline as consumers become more aware of the health risks associated with smoking... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Small Specialty Retail Stores industry exhibits low market share concentration. IBISWorld estimates that the four largest players in the industry will account for less than 6.0% of revenue in 2014, with no retailer accounting for more than 2.0%. The industry is highly fragmented, characterized by a large number of small players that are privately owned and operated. In 2014, about 71.0% of total enterprises are estimated to have fewer than five employees, while only 4.4% of enterprises are expected to employ more than 20 workers.
In recent years, industry concentration has been on the rise primarily due to increased external competition... purchase to read more