Museum Shops & Stores – Industry Analysis, Statistics, Trends, and Forecasts

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Industry Analysis, Statistics, Trends, and Forecasts

• Market size and major product and service segments
• Key industry statistics, trends, and financial ratios
• Operating conditions and current performance
• Competitive landscape and environment
• Major company profiles and market shares
• Five-year outlook and growth forecasts

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.

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.

Routledge & CRC Press
Resources available from this organization include:

Museum Store: The Manager's Guide
https://www.routledge.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
https://www.routledge.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.

BizMiner Market Analysis Reports
Gift, Novelty, and Souvenir Shops
https://www.bizminer.com  Search for "453220" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Gift, Novelty, and Souvenir Shops
https://www.bizminer.com  Search for "453220" to see available reports

• Income and expenses in dollars and percentages
• Balance sheets in dollars and percentages
• Profitability and return on investment ratios
• Liquidity and working capital ratios
• Asset turnover and efficiency ratios
• Capital structure and debt service ratios

Routledge & CRC Press
MSA Retail Industry Report
https://www.routledge.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 and Salary Surveys

Routledge & CRC Press
MSA Retail Industry Report
https://www.routledge.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
https://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.

BV Guides and Databases

BVMarketData

www.bvresources.com

Private company sales transaction data for over 900 industries.

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