Industry Analysis & Industry Trends
The Dollar and Variety Stores industry has performed strongly over the past five years. While it was uncertain if the industry would remain in high demand following the economic recession, industry operators have made several changes to their operational strategy in order to sustain growth rates. A substantial platform for change within the industry has been the customer base; while the industry has historically targeted exclusively low-income earners, this consumer pool has expanded in recent years to include middle-class shoppers and even some high-income earners. Over the next five years, IBISWorld expects the industry to fully transition into a mature industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Dollar and Variety Stores industry is in the mature stage of its life cycle. Over the 10 years to 2021, industry value-added (IVA), which measures the industry's contribution to GDP, is estimated to increase at an annualized rate of 1.3%. In comparison, domestic GDP is anticipated to rise at an annualized rate of 2.1% during the same period. Generally, IVA growth that is roughly in line with, or slightly slower than, GDP growth is indicative of an industry in its mature life cycle stage. Further cementing the Dollar and Variety Stores industry in its maturity are trends in industry consolidation and slow technological development.
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