Industry Analysis & Industry Trends
The rising use of the internet for retail sales transactions has led to substantial growth for the Online Antiques and Collectible Sales industry. Despite a brief downturn during the recession due to declines in consumer sentiment and disposable income, overall revenue has increased over the five years to 2012. Wealthy households continued spending on industry products during the recession, which insulated the industry from the economic woes typical of other retail industries. Over the next five years, economic recovery is expected to continue bolstering industry revenue and profit.... purchase to read more
Industry Report - Industry Analysis Chapter
The Online Antiques and Collectible Sales industry has experienced strong revenue growth during the past decade. Sales increased rapidly from the decade's outset, more than doubling over the five years to 2007. In fact, between 2002 and 2007, sales increased from $1.4 billion to $3.4 billion, largely due to the growing ubiquity of the internet and online shopping. However, this rapid growth came to a rapid slowdown in 2008 as the nation faced the Great Recession.
During this period, unemployment spiked and household wealth diminished as the real estate market burst and the credit crisis erupted. Consumer sentiment dropped double digits during the recession, while per capita disposable income marked its first declines in nearly two decades... purchase to read more