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 Locations Chapter
Like most retail industries in the United States, the geographical spread of the Small Specialty Retail Stores industry's establishments closely reflects the distribution of population. Generally, the greater the number of residents in a region, the stronger the demand for various specialty store products. Because most industry players are small-scale operations, they cater to their immediate local markets. In 2014, IBISWorld expects that industry establishments will be concentrated in the Southeast, Great Lakes and Western regions, which capture three of the highest population segments in the United States.
Based on US Census Bureau data and IBISWorld estimates, the Southeast region is expected to account for the highest share of industry establishments, with 28.2%, in 2014... purchase to read more