Today’s post is written by Ivy Ray, Senior Procurement Specialist at SafeSourcing Inc.
Over the past five years, the Retail Store Fixture Dealers industry has grown by 5.5% to reach revenue of $5 billion in 2018. In the same timeframe, the number of businesses has declined by -0.6% and the number of employees has grown by 1.4%.
With the closing of some major retailers, like Toys R Us and Sears, you would think that the opposite would be true, with the used retail fixtures flooding the market from these closed stores. Higher disposable income and stronger consumer confidence is expected to boost retail sales, and increase the demand for retail fixtures. This is also due to brick and mortar retailers reinventing themselves to stay a step ahead of the online retailers.
Visual merchandising is key to staying relevant. Store planning, design, and visual effects are important for attracting customers and enticing them to make purchases. I personally prefer buying online because it is usually cheaper, and I save myself the hassle of making a trip to the mall. I also end up purchasing more than I intended, proving that clever merchandising does what it is designed to do. Some customers still prefer to touch and try on things before buying, which is why in-store shopping remains the most popular buying option, followed by websites and then mobile apps.
The Retail Store Fixture Dealers industry primarily acquires retail store fixtures from manufacturers and resells them to retail industries. The industry includes a wide variety of products, such as showcases and counters; gondola store shelving; glass, wood and plastic displays; display racks; gridwall; slatwall and accessories; forms and mannequins; sign holders; and food and jewelry displays.
For more information on how SafeSourcing can assist you in exploring your procurement solutions for your business or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.
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