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 - 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 2014, with no retailer accounting for more than 2.0%. The industry is highly fragmented, characterized by a large number of small players that are privately owned and operated. In 2014, about 71.0% of total enterprises are estimated to 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