Industry Analysis & Industry Trends
Serving it up
The Kitchen and Cookware Stores industry will experience modest growth in the next five years, after weak income and spending levels hampered demand during the previous period. Growth in demand for specialty products and customer service will bolster revenue growth in the five years to 2016. Nevertheless, strong price competition from mass merchants and big-box stores will continue to pose as a significant threat to demand.
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Industry Report - Industry SWOT Analysis Chapter
The Kitchen and Cookware Stores industry is in the mature stage of its life cycle. Over the 10 years to 2016, industry value added, which measures the industry's contribution to the US economy, is expected to rise at an average annual rate of 0.9%. This rate indicates that the industry will grow at a slower rate than the overall US economy (US GDP is projected to increase by 1.8% annually over the period), causing its share of the economy to fall. Trends of consolidation and a stable product market also indicate an industry in the mature stage of its life cycle.
The recession and a severe reduction in household expenditure have resulted in lost sales for many kitchen and cookware stores in the United States. Thi... purchase to read more