Industry Analysis & Industry Trends
Not too shady
Along with most retail-based industries, the Sunglasses Stores industry struggled as consumer spending and sentiment declined during the recession. As these factors improved, so did industry revenue; these improvements are expect to continue through 2017. However, despite a steady growth forecast, industry revenue will face downward pressure from external competition from e-tailers and big-box stores.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Sunglasses Stores industry are high, primarily due to the industry's high market share concentration, intense competition and mature life cycle stage. The two largest players - Luxottica and Safilo - account for more than 80.0% of the industry's revenue, leaving little room for new entrants. Additionally, these large, vertically integrated companies hold licenses to a significant portion of designer sunglasses. A new entrant must either enter into an agreement with one (or both) of these companies to carry their frames, or must carry brands that are not licensed by either firm. This can pose a high barrier to entry for new participants.
Furthermore, competition among players in the industry is high and increasing. Bec... purchase to read more