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Dollar & Variety Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dollar & Variety Stores Market Research Report | NAICS 45299 | Dec 2016

Bottom dollar: Recovery in disposable income will reduce demand for discount products

IBISWorld’s Dollar & Variety Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$66bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
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Profit
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Employment
383,034
Businesses
54,527
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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Industry ProductsRelated ReportsTable of Contents

What is the Dollar & Variety Stores Industry?

This industry retails general merchandise such as apparel, automotive parts, dry goods, hardware, groceries and home furnishings. Typically, industry operators retail these goods at discounted prices. The industry does not include department stores, warehouse clubs or grocery stores.

Industry Products
GroceriesDrugs, health aids and beauty cosmeticsSoaps, detergents, cleaning supplies and paper related productsMen's and women's wear, and other textile productsKitchenware and home furnishingsOthers
 
Industry Activities
Retailing apparel at discount pricesRetailing food at discount pricesRetailing furniture at discount pricesRetailing home goods at discount prices


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