Industry Analysis & Industry Trends
Over the past five years, the Toy Retailers industry has been influenced by increasing competition, fluctuations in disposable income levels, consumer confidence and trends in the proportion of the UK population aged 14 or under. Industry revenue is expected to rise at a gradual compound annual rate of 0.4% to £1.46 billion over the five years through 2013-14. Revenue is estimated to contract by 0.8% in the current year, but this figure is still an improvement on the figures for the previous three years.
The industry is subject to competition from a range of external players, including department stores, supermarkets, pound shops and online retailers. UK consumers have rapidly embraced the convenience and lower prices that internet stores offer... purchase to read more
Industry Report - Starting a New Business Chapter
New businesses planning to enter the toy retailing market have faced medium barriers to entry over the past five years. Entry has primarily been affected by strong competition across the market from industry heavyweights such as Toys "R" Us and the Entertainer. New players have also experienced mounting pressure from external players such as supermarkets, department stores and online retailers. These external players have been able to offer consumers an extensive product range, competitive pricing and regular discount offers.
Enterprises looking to enter the industry need to consider the initial start-up costs associated with opening a retail store. The availability of suitable land that is far enough away from competitors will affect the type of products stocked... purchase to read more