Gift Shops & Card Stores in Canada
The Gift Shops and Card Stores industry is highly fragmented and excludes retailers that operate primarily as used merchandise stores, electronic shopping and mail-order houses or discount retail stores. Over the five years to 2017, the industry has increased slightly, with rising disposable incomes amid a growing economy providing stronger demand for industry products. Furthermore, growth in tourism by both international citizens and Canadians has helped to bolster demand for souvenirs and other novelty items that make up the industry's largest product segment. Despite revenue growth over the five-year period, industry revenue has been largely in decline during the majority of the past two decades. External competition is expected to continue fuelling the industry's decline through 2022. While disposable income and tourism among Canadians are projected to rise, external competition is expected to intensify at a greater rate. Big-box and discount stores are expected to expand their operations, siphoning demand from industry retailers.x
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 primarily as used merchandise stores, electronic shopping and mail-order houses or discount retail stores.
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.
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