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Small Specialty Retail Stores in the US: Market Research Report

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

Small Specialty Retail Stores Market Research Report | NAICS 45399 | Apr 2017

Shopping around: Consumers will turn to department stores and e-commerce, hampering industry growth

The Small Specialty Retail Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Larger competitors have taken market share by providing one-stop shopping and lower prices
  • Tobacco products and accessories make up the largest segment of the industry
  • Although the industry is in decline, a market remains for effective stores to operate in the industry
  • ... purchase to read more

Industry Analysis & Industry Trends

Operators in the Small Specialty Retail Stores industry sell a diverse range of products, from premium cigars to grave markers. Due to its fragmented nature, the industry is not driven by product-specific trends but rather by broad macroeconomic variables, though individual segments respond to specific shifts in consumer preferences. Over the five years to 2017, rising income and employment have boosted demand throughout the retail sector. Over the five years to 2022, this industry is anticipated to continue its gradual decline. IBISWorld forecasts growth in consumer spending, while consumer confidence is anticipated to decline. Consequently, increasing levels of discretionary spending will be focused on price point over specialty... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Small Specialty Retail Stores industry exhibits low market share concentration. IBISWorld estimates that the four largest players in the industry will account for an estimated 11.6% of revenue in 2017, with no retailer accounting for more than 2.5%. The industry is highly fragmented, characterized by a large number of small players that are privately owned and operated. In 2017, an estimated 70.8% of enterprises have fewer than five employees, while only 2.3% of enterprises are estimated to employ more than 20 workers.

In recent years, industry concentration has been on the rise primarily due to increased external competition. Ext.. ... purchase to read more

Additional Insights for the Small Specialty Retail Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Small Specialty Retail Stores Industry are

  • Ability to control stock on hand
  • Access to niche markets
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as commerce sales and Per capita disposable income in the Small Specialty Retail Stores industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Small Specialty Retail Stores Industry?

    Industry operators retail specialized lines of goods: kitchenware, art supplies, cigarettes and cigars, collectors’ items, fireworks and trophies. This industry also includes general merchandise auction houses (except electronic auctions), but excludes mass merchandisers, department stores, grocery stores, warehouse clubs and supercenters.

    Industry Products
    Tobacco products and smokers' accessoriesPools, pool chemicals, pool supplies and accessoriesCollectibles and monumentsHome goodsGroceries and alcoholic beverages
    Industry Activities
    Retailing general merchandise Retailing tobacco and tobacco products (e.g. cigarettes and cigars)Retailing art suppliesRetailing collectors' items (e.g. autographs, cards, coins and stamps)Retailing fireworksRetailing candlesRetailing religious goods (except books) Retailing trophies Retailing specialized occupational supplies Retailing calendars

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • commerce sales
  • Per capita disposable income
  • Consumer Confidence Index
  • Excise tax on tobacco products
  • Current Performance
  • External competition intensifies
  • Stagnant margins
  • Chart: Revenue Growth
  • Industry Outlook
  • Online competition
  • Social and structural change
  • Table: Small Specialty Retail Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Small Specialty Retail Stores Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Janitorial Services
  • Fine Arts Schools
  • Home Care Providers
  • Religious Organizations
  • Consumers
  • Key Selling Industries
  • Art & Office Supply Manufacturing
  • Cigarette & Tobacco Products Wholesaling
  • Greeting Cards & Other Publishing
  • Textile Mills
  • Toy & Craft Supplies Wholesaling
  • Products & Services
  • Tobacco products and smokers' accessories
  • Collectibles and monuments
  • Other
  • Pools, pool chemicals, pool supplies and accessories
  • Home goods
  • Groceries and alcoholic beverages
  • Chart: Small Specialty Retail Stores Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 65 and older
  • Consumers aged 25 to 44
  • Businesses
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the Small Specialty Retail Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Small Specialty Retail Stores
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Small Specialty Retail Stores Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Small Specialty Retail Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Small Specialty Retail Stores Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • E-commerce sales (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Brick-And-Mortar Store
  • A store that has a physical presence and location, as opposed to an online retailer.
  • E-Cigarette
  • A device that vaporizes tobacco liquids, to avoid inhaling smoke.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet. Many of these companies do not have brick-and-mortar locations.
  • Electronic Data Interchange
  • The transmission of electronic documents between businesses from one computer system to another.
  • Hookah
  • Pipe instrument for vaporizing and smoking various tobacco products.
  • Point Of Sale
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Small Specialty Retail 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 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 Small Specialty Retail 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 Small Specialty Retail Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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