Small Specialty Retail Stores in Canada - Industry Market Research Report
Description
Small Specialty Retail Stores in Canada
The Small Specialty Retail Stores industry in Canada, which relies on discretionary purchases of products, such as tobacco, art supplies, candles and trophies, has experienced strong revenue growth over the five years to 2023. Upon its legalization in 2018, the recreational cannabis market has experienced strong expansion, leading to exceptional industry revenue growth. While the COVID-19 pandemic had posed a considerable challenge to many traditional industry operators due to lower sales and closures, the opening of recreational cannabis shops and their resulting sales volume is expected to offset pandemic-related declines. External competition has limited industry growth among traditional industry retailers, an improving business climate is expected to benefit these operators. As a result, industry revenue is expected to rise an annualized 8.6% to $11.0 billion over the five years to 2023, including an estimated 2.7% increase in 2023 alone.
The Small Specialty Retail Stores industry in Canada retails specialized lines of goods, such as art supplies, cigarettes and cigars, paper goods, collectors’ items, fireworks, religious merchandise, trophies and beer- and wine-making supplies. This industry also includes general merchandise auction houses, but it excludes mass merchandisers, department stores, warehouse clubs and supercentres.
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.
The Small Specialty Retail Stores industry in Canada, which relies on discretionary purchases of products, such as tobacco, art supplies, candles and trophies, has experienced strong revenue growth over the five years to 2023. Upon its legalization in 2018, the recreational cannabis market has experienced strong expansion, leading to exceptional industry revenue growth. While the COVID-19 pandemic had posed a considerable challenge to many traditional industry operators due to lower sales and closures, the opening of recreational cannabis shops and their resulting sales volume is expected to offset pandemic-related declines. External competition has limited industry growth among traditional industry retailers, an improving business climate is expected to benefit these operators. As a result, industry revenue is expected to rise an annualized 8.6% to $11.0 billion over the five years to 2023, including an estimated 2.7% increase in 2023 alone.
The Small Specialty Retail Stores industry in Canada retails specialized lines of goods, such as art supplies, cigarettes and cigars, paper goods, collectors’ items, fireworks, religious merchandise, trophies and beer- and wine-making supplies. This industry also includes general merchandise auction houses, but it excludes mass merchandisers, department stores, warehouse clubs and supercentres.
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.
Table of Contents
37 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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