Industry Analysis & Industry Trends
Coming off the recession, consumers have higher levels of disposable income to spend on shopping. But with unemployment decreasing, they have less time to actually go out and shop. Therefore, personal shoppers are in high demand, with revenue growing fairly quickly in the five years to 2014. This trend will slow in the five years to 2019, as the industry becomes increasingly fragmented.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2019, industry value added (IVA), or the industry's contribution to the overall economy, is expected to grow 3.6% per year on average, while GDP grows 2.7% per year on average. Rapid technological innovation, an expanding clientele and an increasing number of industry players are indicators of industry growth.
Personalized shoppers have been expanding their reach to new demographics, catering to men, women and seniors and offering services for high, middle and lower income individuals. Some companies are targeting young college graduates entering the workforce as well. Shoppers are expected to face fierce competition from department store stylists and webpages and mobile apps... purchase to read more