Hobby, Arts, and Crafts Stores
SIC 5945 | NAICS 451120
The following guide to industry analysis, trends, and statistics provides sources for market research and analysis, financial ratios and benchmarking data, compensation and salary surveys, and more.
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Industry Analysis, Trends, Statistics, and Forecasts
Hobby, Crafts & Arts Supplies Stores (view report)
Fabric, Craft & Sewing Supplies Stores (view report)
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:
Mintel Group Ltd.
Arts and Crafts Consumer - US
Market research study provides in-depth analysis of the U.S. arts and crafts market from a consumer standpoint, with topics addressed in the report including market overview, brick-and-mortar retailers, online enterprises, marketing strategies, types of crafts made in the last twelve months, money spent on projects, preferred shopping destinations, purchasing behaviors, and consumer segmentation.
Toy and Hobby Stores
First Research profiles provide analysis, statistics, and forecasts for a wide range of industries, with content sections including industry overview, recent developments, issues and challenges, business trends and opportunities, leading companies, executive insights, financial benchmarking information, and 5-year revenue growth forecast. Profiles are updated monthly; sample report is available online.
Association for Creative Industries
Publications available from this trade association include:
Creative Products Size of the Industry Study
International Art Materials Association
Reports available from the "NAMTA Artists & Art Materials Study" include:
Retailer Survey Results
Financial Ratios and Benchmarking Data
Hobby, Arts, and Craft Stores
https://www.bizminer.com Search for "451120"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
National Retail Hobby Stores Association
NRHSA Benchmarking Survey
Benchmarking survey allows users to compare their store's performance to other similar stores using key performance measures such as sales per square foot, average sales per employee, wages as a percentage of sales, and operating expenses as a percentage of sales, with survey data filterable by product focus, annual sales, total square feet, number of years in business, and geographic location.
Craft & Hobby Association
CHA Independent Craft Retailer Benchmark Survey
Benchmark survey provides an overview of the independent craft retailer industry, with topics covered in the survey including type of business (e.g., home based, store front), total square footage, annual sales in total and by major product category, annual operating income, average total cost of inventory, average sale per customer, paying customers served, use of social media, and total paid staff hours.
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Compensation and Salary Surveys
Arts & Crafts Store
Free online service provides median salary and hourly wage data for selected job positions in this retail sector such as retail store manager, department manager, sales associate, floral designer, picture framer, and cashier, with employers for which salary or wage data is provided including Michaels Stores, Hobby Lobby, Jo-Ann Fabric and Craft Stores, and A.C. Moore Arts & Crafts.
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Business Valuation Resources
Small Business Valuation Multiples
Comprehensive reference guide provides market-based valuation multiples for small businesses in this retail sector that sell products such as hobby goods, games, arts and crafts supplies, artificial flowers, seasonal decorations, picture frames, and fabrics, patterns, yarns, and sewing supplies.