Industry Analysis & Industry Trends
Big picture
Framing stores experienced setbacks during the recession, as incomes and consumer confidence dropped. Nevertheless, in the next five years, the Picture Framing Stores industry will improve, supported by a recovery in employment and disposable income. While the marriage rate's continued decline will cut into demand, demand from art dealers will strengthen industry revenue in the five years to 2017. ... purchase to read more
Industry Report - Industry Investment Chapter
Picture frame stores are labor intensive. Labor is needed for frame customization, management and marketing purposes, and daily operations such as register operations, stocking inventory, managing shelves and customer services. Despite the industry's high reliance on labor input, some expenditure on capital is also required. Investments include framing inputs (e.g. moulding, glass, mats), inventory systems, cash registers, point-of-sale (POS) systems, storage units and other equipment.
During the past 10 to 15 years, the industry has undergone considerable change involving the implementation of computer scanning technology. Its implementation has simplified labor tasks, while minimizing the level of human error in processing purchases. POS... purchase to read more