Small Specialty Retail Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Small Specialty Retail Stores Market Research Report | NAICS 45399 | May 2015

Shopping around: Consumers will turn to department stores and e-commerce, hampering industry growth

IBISWorld’s Small Specialty Retail Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

Revenue for the Small Specialty Retail Stores industry has grown slowly over the five years to 2015. Although rising disposable incomes have lifted demand for the largely discretionary products sold by the industry, heightened competition from department stores and online retailers has tempered revenue growth and profitability. These competitors have siphoned market share from the industry by providing the convenience of one-stop shopping and low prices for comparable goods. As the industry consolidates and underperforming stores exit over the next five years, revenue growth is anticipated to pick up in line with improvements in consumer spending... purchase to read more

Industry Report - Starting a New Business Chapter

The Small Specialty Retail Stores industry exhibits minimal barriers to entry, with low establishment costs and no formidable licensing requirements. However, industry competition and market awareness can pose a barrier to potential new entrants. Most industry operators are small to midsize establishments that cater to a local or regional community. Therefore, there is little need to invest heavily in technology, such as computerized inventory controls or point-of-sale systems.

In addition, most small specialty retailers do not have license requirements, except regarding sales of tobacco products. Even so, tobacco retail licenses are relatively easy to obtain through state governments... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Small Specialty Retail Stores Industry?

Industry operators retail specialized lines of goods, such as art supplies, cigarettes and cigars, paper goods, collectors’ items, fireworks, religious merchandise and trophies. This industry also includes general merchandise auction houses (except electronic auctions), but it excludes mass merchandisers, department stores, grocery stores, warehouse clubs and supercenters.

Industry Products
Tobacco products and smokers’ accessoriesPools, pool chemicals, pool supplies and accessoriesPrecious metals, coins, medals, and other numismatic itemsMonuments, grave markers, caskets and urnsKitchenware and home furnishingsArtists' materials and suppliesCollectibles
Industry Activities
Retailing general merchandise Retailing tobacco and tobacco products (e.g. cigarettes and cigars)Retailing art suppliesRetailing collectors’ items (e.g. autographs, cards, coins and stamps)Retailing fireworksRetailing candlesRetailing religious goods (except books) Retailing trophies Retailing specialized occupational supplies Retailing calendars

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