Industry Analysis & Industry Trends
While the Canadian Lumber and Building Material Stores industry escaped the recession relatively unscathed, operators have faced a number of fundamental challenges over the past five years. Heightened competition and rising purchasing costs have cut into operators' profit margins and forced a number of smaller operators to merge to remain competitive. Over the next five years, private contractors will demand fewer industry products, slightly slowing revenue growth... purchase to read more
Industry Report - Starting a New Business Chapter
The Lumber and Building Material Stores industry exhibits low barriers to entry for prospective operators. New entrants do not need to meet licensing requirements or adhere to significant government regulation. Nevertheless, investment costs and high levels of competition can be challenging to firms that want to enter the industry.
The initial cost of establishing or purchasing a retail outlet and costs associated with building inventory can be high. Prospective operators may not be readily able to secure the necessary capital to purchase or lease space to establish a new store. Furthermore, new operators require a line of credit for the purchase of store inventory, which can be quite extensive... purchase to read more