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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 | Nov 2014

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

The Small Specialty Retail Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$41bn
Annual Growth 09-14
1.5%
Annual Growth 14-19
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Profit
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Employment
219,130
Businesses
126,293
Industry Analysis & Industry Trends

Because companies in the Small Specialty Retail Stores industry sell various discretionary consumer goods, they generally experienced declines in revenue as disposable income fell during the recession. Industry revenue has recovered somewhat in the past five years as consumer confidence and other key drivers improved; however, the increasing share of retail sales being conducted online has added to the external competitive pressure already exerted by large department stores. Therefore, the continued economic recovery will provide a temporary lift to industry operators, though steadily increasing competition will continue to drive stores from the industry and employment will remain largely stagnant... 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 threat 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 technological equipment, 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’ accessoriesArt materials and suppliesCollectible itemsOccupational suppliesReligious goods (except books)
 
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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