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 - 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 2015, with no retailer accounting for more than 2.5%. The industry is highly fragmented, characterized by a large number of small players that are privately owned and operated. In 2015, an estimated 71.0% of enterprises are 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