Shop around: Consumer spending will rebound, but online competition will stifle growth

Retailing a range of gifts, novelty merchandise, souvenirs, greeting cards and other like items, the Gift Shops and Card Stores industry has displayed signs of contraction as external competition has caused the number of operators to fall over the past five years. However, industry revenue has continued to rise as consumers have increased their discretionary spending on nonessential items that are predominant in this industry. The continued growth of per capita disposable income has also enabled consumers to travel more and purchase items from gift shops and other industry operators. Over the next five years, the industry is anticipated to benefit from rising disposable income levels and tourist activity...purchase to read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 13-18
0.2%
Forecast Growth 18-23
Profit
Employment
188,120
Businesses
61,279

Industry Threats & Opportunities

  • More Americans and foreigners are expected to travel in the United States, lifting industry demand
  • Americans and foreigners have begun to travel more, boosting demand for industry products
  • Competition from discount retailers will intensify as supercenter and discount store chains expand
  • Industry Report - Starting a New Business Chapter

    The barriers to entry into the Gift Shops and Card Stores industry remains low and steady in 2018. This is demonstrated as the industry is highly fragmented, with the four leading enterprises accounting for an estimated one-fifth of the market for industry goods. Furthermore, the cost to set up a gift shop is relatively low and industry regulation remains minimal, making it easy for prospects to begin operations. While prospects must secure a retail space before entering the industry, most operators pursue a small scale of business at first, which keeps rent and utility costs relatively low. However, the declining nature of this industry deters prospects from pursuing a gift shop business. Con...purchase to read more.

    Additional Insights for the Gift Shops & Card Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gift Shops & Card Stores Industry are

  • Economies of scope
  • Attractive product presentation
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Per capita disposable income in the Gift Shops & Card Stores industry impact industry performance..

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    What's in this report

    What is the Gift Shops & Card Stores Industry?

    The Gift Shops and Card Stores industry retails a range of gifts, gift wrap, novelty merchandise, souvenirs, greeting cards, party supplies and seasonal and holiday decorations. This industry excludes retailers that operate as used merchandise stores, electronic shopping, mail-order houses and discount retail stores.

    Industry Products
  • Souvenirs and novelty items
  • Seasonal decorations
  • Kitchenware and home furnishings
  • Greeting cards
  • Clothes, jewelry and costumes
  • Industry Activities
  • Retailing greeting cards
  • Retailing gifts and gift supplies, i.e. gift wrap and tissue paper
  • Retailing souvenirs and novelty merchandise
  • Retailing party supplies
  • Retailing seasonal and holiday decorations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Per capita disposable income
  • Percentage of services conducted online
  • Inbound trips by non-US residents

  • Current Performance
  • Premium products
  • Increasing tourist travel
  • Intensifying competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Low prices
  • Downsizing
  • Tourism
  • Table: Gift Shops & Card Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gift Shops & Card Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Glass Product Manufacturing
  • Greeting Cards & Other Publishing
  • Jewelry Manufacturing
  • Office Stationery Manufacturing
  • Toy, Doll & Game Manufacturing

  • Products & Services
  • Souvenirs and novelty items
  • Other
  • Clothes, jewelry and costumes
  • Seasonal decorations
  • Kitchenware and home furnishings
  • Greeting cards
  • Chart: Gift Shops & Card Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households earning less than $50,000
  • Households earning $50,000 to $99,999
  • Households earning $100,000 or more
  • Chart: Major Market Segmentation for the Gift Shops & Card Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation, marketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Gift Shops & Card Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gift Shops & Card Stores Industry

  • Industry Globalization
    Party City Holdings Inc., American Greetings Corporation,
  • Table: Party City Holdings Inc. - financial performance
  • Table: American Greetings Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gift Shops & Card Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gift Shops & Card Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Point-Of-Sale (Pos)
  • The location where a transaction occurs at a retail establishment or store.
  • Radio Frequency Identification (Rfid)
  • A technology that releases continuous signals from a chip to track products from the time they leave the assembly line to the time they leave the store.
  • Smartphone
  • A mobile phone that offers advanced PC-like capabilities.
  • Social Networking Websites
  • A form of online publication or presence that enables end-users to engage in multidirectional conversations in or around the content of the website.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Gift Shops & Card Stores contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Gift Shops & Card Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gift Shops & Card Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gift Shops & Card Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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