Industry Analysis & Industry Trends
Continued growth in the use of mobile devices and increasing disposable income are expected to drive industry revenue growth in the next five years. Volume sales are forecast to continue benefiting headphone retailers as cheap imports continue to grow as a proportion of the industry's revenue. Additionally, headphone manufacturers are anticipated to increasingly compete through marketing tactics, which will help stores sell higher-end headphones to consumers.... purchase to read more
Industry Report - Starting a New Business Chapter
The headphone retailing industry has moderate barriers to entry. Retailers planning to enter the industry should consider the volume of stock that will be required on hand to replenish shelving as required. Larger players have been able to work through this issue by establishing distribution centers that house the stock until it is required by a specific store.
The initial cost of establishing or purchasing a retail outlet and the inventory can be expensive and, thus, a barrier for new entrants. Some operators wishing to enter the industry may have difficulty acquiring the necessary capital to build or purchase a new store. Additionally, operators typically require a line of credit for the purchase of store inventory, which can be extensive... purchase to read more