Just a note: The industry increased slightly in response to improving domestic economic performance

The Gift Shops and Card Stores industry in Canada comprises retailers that sell a range of gifts, gift wrap, novelty merchandise, souvenirs, greeting cards, party supplies and seasonal decorations. The industry is highly fragmented and excludes retailers that operate primarily as used merchandise stores, electronic shopping and mail-order houses or discount retail stores. Over the five years to 2018, the industry has increased slightly in response to improving domestic economic performance. Industry revenue has traditionally been linked to consumer confidence and disposable income levels, as industry goods are considered discretionary. The industry is likely to continue to experience complicated operating conditions over the five years to 2023...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
0.3%
Forecast Growth 18-23
Profit
Employment
20,554
Businesses
4,573
Market Share of Companies

Industry Threats & Opportunities

  • Industry revenue has traditionally been linked to consumer confidence and disposable income levels
  • The industry has suffered from growth in online shopping
  • Operators will need to keep prices low to remain competitive
  • Industry Report - Industry Products Chapter

    Souvenirs and novelty itemsSouvenirs are expected to make up the largest product segment in 2018, accounting for 28.0% of industry revenue. Souvenirs are primarily purchased by tourists, and demand in this segment is highly correlated with the number of trips taken by Canadian residents and inbound trips made by foreigners. Demand for souvenirs is also seasonal, as tourism peaks during the summer and again during the winter holidays. Additionally, gift shops that sell souvenirs are concentrated in cities and regions that attract many visitors, such as Montreal, Toronto and Vancouver. Novelty items in this segment include products such as lava lamps, party lighting and prank toys, among other items. Str...purchase to read more.

    Additional Insights for the Gift Shops & Card Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gift Shops & Card Stores Industry are

  • Economies of scope
  • Attractive product presentation
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from e-commerce and online auctions in the Gift Shops & Card Stores industry impact industry performance..

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    What's in this report

    What is the Gift Shops & Card Stores Industry?

    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 primarily as used merchandise stores, electronic shopping and mail-order houses or discount retail stores.

    Industry Products
  • Souvenirs and novelty items
  • Seasonal decorations
  • Greeting cards
  • Clothing and jewellery
  • Kitchenware and home furnishings
  • Groceries
  • Industry Activities
  • Retailing greeting cards
  • Retailing gifts and gift supplies
  • Retailing souvenirs and novelty merchandise
  • Retailing party supplies
  • Retailing seasonal and holiday decorations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from e-commerce and online auctions
  • Inbound international travel
  • International trips by Canadian residents

  • Current Performance
  • External competition undermines industry
  • Industry participation contracts
  • Economic improvement limits decline
  • Chart: Revenue Growth

  • Industry Outlook
  • External competition pressures prices
  • Declining demand forces retailers to consolidate
  • Economic improvement limits industry decline
  • Table: Gift Shops & Card Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gift Shops & Card Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Glass Product Manufacturing in Canada
  • Greeting Cards & Other Publishing in Canada
  • Jewellery Manufacturing in Canada
  • Paper Product Manufacturing in Canada

  • Products & Services
  • Souvenirs and novelty items
  • Clothing and jewellery
  • Seasonal decorations
  • Kitchenware and home furnishings
  • Other
  • Greeting cards
  • Groceries
  • Chart: Gift Shops & Card Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Macroeconomic variables
  • Product price and variety
  • Rising external competition

  • Major Markets
  • Highest income quintile
  • Third income quintile
  • Fourth income quintile
  • Second income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Gift Shops & Card Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesMarketing, depreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Gift Shops & Card Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gift Shops & Card Stores Industry

  • Industry Globalization
    Party City Holdings Inc.,
  • Table: Party City Holdings Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gift Shops & Card Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gift Shops & Card Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Inbound international travel (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Point-Of-Sale (Pos)
  • The location where a transaction occurs at a retail establishment or store.
  • Radio-Frequency Identification (Rfid)
  • A technology that releases continuous signals from a chip to track products from the time they leave the assembly line to the time they leave the store.
  • Smartphone
  • A mobile phone that offers advanced PC-like capabilities.
  • Social Networking Websites
  • A form of online publication or presence that enables end users to engage in multidirectional conversations in or around the content of the website.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Gift Shops & Card Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gift Shops & Card Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gift Shops & Card Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gift Shops & Card Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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