Industry Analysis & Industry Trends
Brighter future
The Lamp and Lighting Stores industry fell on hard times during the recession, caused mainly by a decrease in per capita disposable income and the subprime mortgage crisis. As homeownership rose and the average American felt more comfortable spending money, the industry started to recover, and will continue to do so as these trends continue. However, internal competition will increase, posing a threat to profit margins.... purchase to read more
Industry Report - Starting a New Business Chapter
New entrants into the Lamp and Lighting Store industry face a number of barriers to entry. The most significant of these is the high level of competition by larger lamp and lighting retailers. These larger operators benefit from economies of size and scope, as they can buy a wide variety of merchandise, often at discounted prices because they hold purchasing power. As such, these able to discount prices for consumers with lower product prices, without eating too much into their product margins.
Many of these larger operators have established brand names and reputations, effectively representing a barrier to entry for new-entrants. Strong market dominance by highly visible brands makes it difficult for new entrants to attract consumers. New... purchase to read more