Specialty Retail Industry
Industry Overview
Some 400,000 specialty retail stores operate in the US with combined annual sales of $350 billion
CAGR 2002-06: 5%
Market is dominated by large players like Best Buy, Toys “R†Us, Gap, Sports Authority, etc
The market size of some major product categories:
o Shoes and clothing - $125 billion
o Electronics and appliances - $85 billion
o Jewelry - $25 billion
o Sporting goods - $25 billion
o Books - $25 billion
Other categories include Toys, Music, Luggage, Pet supplies, etc
Specialty retailers cater to a narrow or niche audience – either by location, type of customer or product mix. On a national level, specialty retailing is dominated by national chains, such as office supply store Staples or electronics outlet Best Buy.
However, on the local level, specialty retailing is defined by independently owned, unique shops that express the personalities of their owners. These small retail outlets -- shoe stores, food stores or book stores......
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Approximate Pages: 8 (250 words per double-spaced page)
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