Operators in the Small Specialty Retail Stores industry sell a diverse range of products, from premium cigars to grave markers. Due to its fragmented nature, the industry is not driven by product-specific trends but rather by broad macroeconomic variables. Although, individual segments respond to specific shifts in consumer preferences. Over the five years to 2016, rising income and employment have boosted demand throughout the retail sector. Over five years to 2021, this industry is anticipated to continue its gradual decline. IBISWorld forecasts growth in consumer spending, while consumer confidence is anticipated to decline. Consequently, increasing levels of discretionary spending will be focused on price point over specialty.
Industry operators retail specialized lines of goods, such as kitchenware, art supplies, cigarettes and cigars, collectors’ items, fireworks, 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.