Valuation Resources

Museum Shops and Stores

SIC 5947  |  NAICS 453220

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

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.
Industry Analysis, Trends, Statistics, and Forecasts

Museums & Art Galleries  (view report)
Gift Shops & Card 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. Topics addressed in the reports include:

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.

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.


BizMiner
Market Analysis Report
https://www.bizminer.com

Market analysis report provides 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"
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 including:

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 and Salary 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
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.

Business Valuation Resources

BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



Related Industries:
Art Dealers and Commercial Art Galleries
Gift Shops and Greeting Card Stores
Museums and Art Galleries
Zoos, Aquariums, and Botanical Gardens

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