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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 | 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$39bn
Annual Growth 10-15
0.8%
Annual Growth 15-20
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Profit
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Employment
212,353
Businesses
131,651
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 Analysis Chapter

This industry retails specialized lines of goods, with operators offering a wide and distinct range of products, from cigarettes and pool supplies to religious items. Therefore, broad changes in consumer confidence and spending patterns, rather than product-specific trends, drive industry performance. Since the recession, consumers have continued to curtail discretionary spending, driving down sales of most industry products. In addition, increasing competition from mass merchandisers, warehouse clubs, discount department stores and online retailers has weighed upon industry sales. However, with the recession firmly in the past, sales have somewhat recovered, and revenue is expected to increase an annualized 0.8% in the five years to 2015 to reach $38.6 billion... 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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