Revenue for the Small Specialty Retail Stores industry has grown slowly over the five years to 2015. Although rising disposable incomes have lifted demand for the largely discretionary products sold by the industry, heightened competition from department stores and online retailers has tempered revenue growth and profitability. These competitors have siphoned market share from the industry by providing the convenience of one-stop shopping and low prices for comparable goods. As the industry consolidates and underperforming stores exit over the next five years, revenue growth is anticipated to pick up in line with improvements in consumer spending.
Industry operators retail specialized lines of goods, such as art supplies, cigarettes and cigars, paper goods, collectors’ items, fireworks, religious merchandise and trophies. This industry also includes general merchandise auction houses (except electronic auctions), but it excludes mass merchandisers, department stores, grocery stores, warehouse clubs and supercenters.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.