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Museum Shops and Stores

SIC 5947 | NAICS 453220

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.


Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For guides to other industries, see our index of over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Museums and Art Galleries  (view report)
Gift Shops and Card Stores  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast


MSA
Museum Store Magazine
https://museumstoreassociation.org/
Quarterly trade magazine features news and information for museum store professionals, with topics covered including industry news and events, retail trends, store operations, new products, merchandising, marketing strategies, customer relations, and more. Sample digital edition of the magazine can be viewed free online; contact the trade association for more information on how to access and/or subscribe to this publication.

First Research

Gift and Souvenir Stores
http://www.firstresearch.com
First Research profiles cover key aspects of an industry's size, scope, and operations, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:
  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


Great American Publishing
Museums & More Magazine
http://museumsandmore.com/
Quarterly trade publication features news and information for specialty gift shops serving museums, zoos, aquariums, botanical gardens, and other tourist attractions, with topics covered including industry news and events, retail trends, new products, business operations, and more. Selected articles from current and prior issues of the magazine and current and prior digital editions of the magazine are available free online.

Pinnacle Publishing Group
Gift Shop Magazine
http://www.giftshopmag.com/
Quarterly trade publication features news and information for specialty gift shop owners and managers, with topics covered in each issue of the magazine including product trends, retail strategies, visual merchandising, marketing ideas, and retailer profiles. Selected articles from current and prior issues can be viewed online, with the "museum" search results featuring articles specific to specialty gift shops serving these organizations.

Left Coast Press, Inc.
Information resources available from this organization include:

Museum Store: The Manager's Guide
http://www.lcoastpress.com/
Eight-chapter publication provides practical guidance for successfully operating a retail operation, with topics covered in individual chapters including tracking performance, managing merchandising, legal considerations, designing displays, managing personnel, customer service, effective marketing, and selling merchandise online. Summary description and detailed table of contents from the report can be viewed free online.

MSA Retail Industry Report
http://www.lcoastpress.com/
Annual report provides a comprehensive analysis of museum store operations, with topical sections including MSA membership, store and institution profiles, store sales figures, staffing, compensation, merchandising, marketing, best practices, and summary statistics by facility size, annual gross sales, type of museum, and geographic region. Summary description and detailed table of contents from the report are available online.




Financial Benchmarking Data


Industry Financial Ratios
Gift, Novelty, and Souvenir Shops
http://www.bizminer.com  Search for "453220"
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.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


Left Coast Press, Inc.
MSA Retail Industry Report
http://www.lcoastpress.com/
Annual report provides a comprehensive analysis of museum shop operations, with financial data provided for all stores and by store size based on annual gross sales volume including net sales; cost of goods sold; gross margin; net sales to inventory; inventory turnover; net sales to number of transactions; and gross margin per square foot, visitor, and transaction. Summary description and detailed table of contents are available online.



Compensation Surveys


Left Coast Press, Inc.
MSA Retail Industry Report
http://www.lcoastpress.com/
Annual report provides a comprehensive analysis of museum shop operations, with personnel data provided for all stores and by store size based on annual gross sales volume including staffing levels for employees and volunteers, retail staff positions, compensation for full-time employees, and fringe benefits for full-time employees. Summary description and detailed table of contents from the report can be viewed free online.

AAM
National Comparative Salary Study
http://www.aam-us.org/
Comprehensive study provides detailed compensation data for 48 key job positions, with compensation data for museum store managers broken out by gender; highest degree attained; institution budget size, discipline (art, history, combination, and other), and governance; geographic location (urban, suburban, and rural); and regional association (AMM, MPMA, NEMA, and SEMC). Sample study can be downloaded and viewed online.



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