Industry Analysis & Industry Trends
The recession had a profound effect on this industry, as it is highly reliant on positive consumer sentiment and a strong housing market. As the economy has strengthened, demand and revenue have somewhat improved; however, in the five years to 2018, the industry will experience much more encouraging increases. The industry will also gain traction as more consumers become comfortable shopping online.... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has low barriers to entry because no significant capital investments are necessary and the skill level to compete successfully in the industry is comparatively low. New entrants will face with a number of challenges, though, including the established reputations, name brands and marketing power of large industry players.
The industry faces intense competition from large stores like Sears, Home Depot and Lowe's. These larger operators benefit from economies of size and scope, meaning they are able to purchase a variety of merchandise, often at discounted prices, and can pass these savings on to the consumer through lower prices. New entrants might find it difficult to compete on price with such players without hurting profit margins... purchase to read more