Anonymous ID: c9aa95 Aug. 27, 2020, 3:32 a.m. No.10437018   🗄️.is 🔗kun

Art Supply Stores in the US industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlock

Over the five years to XXX, the Art Supply Stores industry is forecast to continue declining. As consumers flock to other retail sources for specialty art products, revenue is anticipated to decline at an annualized rate of X.X% to $XX.X million. While consumer spending is forecast to steadily grow during the outlook period, consumer confidence is anticipated to decline. As a result, financial uncertainty will decrease a consumer's propensity to spend on discretionary products, such as art supplies. Additionally, declining unemployment levels will continue to leave less time for leisure and hobbies. Online competition Competition from external retailers, specifically e-commerce websites, will increase over the next five years.

 

https://www.ibisworld.com/united-states/market-research-reports/art-supply-stores-industry/