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Halloween Sales to Reach a Record-Setting $8.0 Billion in 2012

Decorations will be the Fastest-Growing Segment as Consumers Relieve Pent-Up DemandAlthough recessionary woes still weigh on consumer spending, Americans are expected to be more liberal with holiday purchases in 2012, especially for Halloween.  According to industry research firm IBISWorld, Halloween spending is expected to grow 10.7 percent from 2011 to reach a record-setting $8.0 billion, as more consumers participate in festivities and purchase small-ticket items like home decorations and candy.  Furthermore, larger budgets will allow consumers to spend more on store-bought, ready-made

3 Industries Ripe for Profitable Returns

IBISWorld identifies three growing industries with favorable operating conditions that could lead to generous profit.By IBISWorld Analyst Douglas Kelly Ongoing macroeconomic uncertainty and market volatility continue to make it difficult for institutional and individual investors to assess their equities’ portfolio risk and identify attractive investment opportunities. While many investors focus on company-specific information or invest in broad-sector indexes, they may overlook the industry risks and conditions that affect company performance. Industry analysis improves investment

Top 10 Technologies to Watch and the Industries that Benefit

What’s new today is obsolete tomorrow, but these game-changing technologies will spur growth for many industries.By IBISWorld Analyst Kevin Boyland and Research Editor Lindsay Holloway In 2001, Apple Inc. unveiled the first iPod to the world, and the iPhone and iPad were just figments of Steve Jobs’ imagination. A decade ago, internet users didn’t have Facebook or Twitter, the concept of Web 2.0 was just entering the technophile’s lexicon and cloud computing hadn’t been dreamed up yet. In those short 10 years, the American consumer has been introduced to 3-D TVs and cameras, a variety of

Trends Outfitting the Fashion Retail Sector

Retailers that fail to adapt to fast-paced technological advances and changing consumer preferences risk falling out of fashionBy IBISWorld Senior Analyst Nikoleta Panteva  From smartphone shopping to aspiring consumers, the fashion retail sector is facing a slew of changes that will reshape the landscape for good. Operators embracing the shift are set to thrive, while those that do not risk losing significant ground. Fashion retailers have experienced a tough economic environment over the past five years. Unemployment skyrocketed as the housing bubble burst. Consumers tightened their

How the Smartphone is Revolutionizing 10 Industries

While some industries benefit from an increasingly mobile and connected society, others are struggling to stay relevant.By IBISWorld Senior Analysts Kevin Culbert and Caitlin Moldvay Whether used for web browsing, shopping, directions or entertainment purposes, smartphones are becoming increasingly intertwined with people’s daily lives. The advent of smartphones in mainstream usage has ushered in a new era for many US industries, particularly the 10 identified by IBISWorld in this report. Whether an industry is helped or harmed by this trend, smartphone use is on the rise and it’s here

Fitness Industries Pump Up Revenue

Companies have nothing to sweat as exercise has become a priority for many consumersBy IBISWorld Analysts Americans are in the middle of a fitness craze. This movement is seeping into popular culture, as brightly colored yoga mats and fitness clothes fly off the shelves at retail stores, TV shows about weight loss grow more popular and spinning classes are fill up fast. More Americans are heading to the gym than ever before as they desperately desire washboard abs and chiseled biceps. In the midst of this growing enthusiasm, the fitness industries are becoming the biggest beneficiaries.

Three Cheers For Millennials!

Wine producers look to this demographic for upcoming trends in the alcoholic beverage sector.By IBISWorld Lead Industry Analyst Agata Kaczanowska As the youngest members of the Millennial cohort (also known as Generation Y) celebrate their twenty-first birthdays over the next five years, savvy wineries  and vintners will look to this demographic for upcoming trends across the entire alcoholic beverage sector .  The sheer size of Gen Y gives its members immense purchasing

Gen Y’s Fear of Commitment is Forcing Companies to Reevaluate their Strategies

From living at home longer to postponing marriage, this generation’s commitment phobia is hampering growth of several industries.By IBISWorld Analyst Mary Nanfelt Hipster, idealistic, tech-savvy – sound familiar? For many, these words probably conjure up an image of an iPhone-clad, twentysomething Echo Boomer. You might also envision young, fit adults toting yoga mats and reusable water bottles around urban city centers or individuals sitting in Starbucks watching Netflix or Hulu on their laptops or tablets. With common traits, such as returning home after college, changing jobs more

6 Franchise Industries with Promising Outlooks

Franchising is growing in popularity and so are these six IBISWorld industriesBy IBISWorld Industry Analyst Eben Jose With national brand recognition and an aggressive business strategy, franchises have become particularly popular – and could soon replace many independent retailers – because they are able to offer low prices through economies of scale. The economic downturn made many prospective business owners wary of opening an independent business; instead, they are turning to proven business models that come with a complete business strategy and a recognizable brand. Before the

Retailers Feel The Love This Valentine’s Day

IBISWorld Forecasts Sweet Sales This Holiday, Especially For RestaurantsBy IBISWorld Senior Analyst Nikoleta Panteva Following a better-than-expected holiday season, retailers can expect a strong Valentine’s Day this year. Industry research firm IBISWorld forecasts total sales for the holiday to grow 5.0 percent from 2011 figures (in constant 2012 dollars).  Consumers put off romantic dinners during the recession, opting for smaller tokens of appreciation like flowers and candy instead.  In 2012, however, IBISWorld anticipates a return to dining out 

5 Hot Retail Sectors for Start-ups

Boasting easy entry and rising revenue, a handful of retail sectors offer promising prospects for interested entrepreneursBy IBISWorld Industry Analyst Eben Jose It hasn’t been the best of times for small businesses lately, but with the national unemployment rate finally decreasing and disposable income increasing,consumers are hitting Main Street once again for some retail therapy. Often facing overwhelming competition from retail megastores, many small businesses face an uphill battle from the outset and often don’t survive beyond a couple years. Some industries, however, offer better

IBISWorld Forecasts Cyber Monday Sales To Increase 12.4 Percent

Black Friday will only see marginal growth as consumers continue to move away from brick-and-mortar shoppingCyber Monday will bring the holiday cheer this retail season, increasing 12.4 percent to $1.2 billion, according to industry market research  firm IBISWorld.  As consumer confidence slowly returns, the company expects Thanksgiving and Cyber Monday sales to see large increases in 2011, while Black Friday will only see marginal growth as consumers continue to move away from brick-and-mortar shopping. Thanksgiving In 2011,

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