Gift Shops & Card Stores in the US
Retailing a range of gifts, novelty merchandise, souvenirs, greeting cards and other like items, the Gift Shops and Card Stores industry has displayed signs of contraction as external competition has caused the number of operators to fall over the past five years. However, industry revenue has continued to rise as consumers have increased their discretionary spending on nonessential items that are predominant in this industry. The continued growth of per capita disposable income has also enabled consumers to travel more and purchase items from gift shops and other industry operators. Over the next five years, the industry is anticipated to benefit from rising disposable income levels and tourist activity. As consumer spending improves, more people will trade up to premium industry products, boosting profit for gift shops and card stores. Additionally, more Americans and foreigners are expected to travel in the United States, lifting demand for souvenirs and novelty items at tourist locations.
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 as used merchandise stores, electronic shopping, mail-order houses and 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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