Gift Shops & Card Stores in the US - Industry Market Research Report

Gift Shops & Card Stores in the US - Industry Market Research Report

  • July 2022 •
  • 46 pages •
  • Report ID: 198451 •
  • Format: PDF
From the heart: The industry will become increasingly vulnerable to external competition from online retail sales

Abstract

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 2019, as consumers have turned to purchasing products retailed by industry establishments at alternative retailers. Over the next five years, the industry is anticipated to decline further as disposable income growth slows and e-commerce sales continue to rise. Although tourist activity in the United States is expected to increase, it will only partially offset slower consumer spending. Similarly, trends that have hampered growth in the current period will continue in the outlook as the industry remains vulnerable to external competition from e-commerce.

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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