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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

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
$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 - Industry Products Chapter

Tobacco products and smokers' accessories

Tobacco products and smokers' accessories represent the industry's largest product segment, accounting for an estimated 36.3% of revenue in 2014. These products include cigars, cigarettes, chewing tobacco and snuff, as well as accessories such as lighters, pipes, rolling papers and grinders. Social and governmental efforts, including national anti-smoking campaigns and state excise taxes, have contributed to a reduction in the number of smokers in the five years to 2014. According to the latest data released by the Centers for Disease Control and Prevention, the percentage of adult smokers in the United States decreased from 20.9% in 2005 to 18.1% in 2012, and the percentage is expected to fall to 17.0% by 2020... 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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