Gift Shops & Card Stores in the US
Retailing a range of gifts, novelty merchandise, souvenirs, greeting cards and other similar 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. This has caused industry revenue to decline over the five years to 2018, as consumers have turned to purchasing products retailed by industry establishments at alternative retailers. Products such as souvenirs have driven growth for this industry, while many novelty stores and greeting card shops have experienced turmoil because of competition from discount retail stores and online retailers. These competitors have proven to be the biggest threat to this industry, as many customers have turned to these retailers for industry products, siphoning demand from industry locations. 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.
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.