Gift Shop Industry Analysis

Target Market:

In line with the US Census Bureau, households account for approximately 96% from the market. The 4% of the industry includes other stores, wholesalers and commercial customers that order industry goods for resell or end-use. Consumers making between $10k and $40K are approximated to be the cause of 32% of all sales news Consumers in lower income conference are more likely to choose discount stores Those earning $40K or over are projected to take into account a little less than half of the buyer market --This group creates high demand for both products and souvenirs --tend to buy at specialised stores that specialize in even more high-end companies gifts. 2 to 3 of consumers will be female-more involved in gift and souvenir acquisitions

Industry:

Gift idea Shops and Card Retailers

Includes a array of gifts, gift-wrap, novelty products, souvenirs, greeting cards, party materials, seasonal and holiday decor. Purchase costs are expected to be the largest price for the industry accounting for 64. 5% of total sales

Industry Styles and Development:

Revenue: $15. 5B

Believed Revenue in 2017: $14. 1B

Profit: 525. 6M

Annual Progress 07-12: -6. 1%

Gross annual Growth 12-17: -1. 9%

Businesses: 69, 930

Gifts makeup 31. 5%

The market as a whole is definitely on a decline. There are low barriers to entry but there is a large competition level. Sensitive to recessions

Continuing improvements in consumer spending conditions will be projected to help the industry's growth over the next five years. Throw away income and tourist activity all maximize, demand for presents and mementos is anticipated to rise Development in intercontinental tourism will certainly benefit the industry, since demand for souvenirs rises The industry will be positively afflicted with the continued recovery of home-based tourism that began this year Inbound sessions to the ALL OF US are outlook to rise in an average twelve-monthly rate of about 5. 4% over the five years to 2017, as the number of domestic trips is definitely projected to enhance at an common...

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