DUBLIN — Research and Markets has announced the addition of the “Florists” report to their offering.
First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the “heavy lifting” by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospect’s business issues.
Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US florists industry includes about 16,000 retail flower shops with combined annual revenue of about $5 billion. No major companies dominate the industry, which is highly fragmented: the 50 largest companies account for less than 10 percent of revenue. Companies such as 1-800-FLOWERS.COM, FTD, and Teleflora serve as sources of orders for independent florists as well as sources of competition.
COMPETITIVE LANDSCAPE
Demand for flowers depends on discretionary consumer spending. The profitability of individual shops depends on effective marketing. Companies focus on a local or regional market and compete based on convenient location, price, and customer service. Florists also compete with supermarkets and mass merchandisers selling flowers, which can often sell at lower prices because of volume purchases from growers or wholesalers. The industry is labor-intensive: annual sales per employee are about $65,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products are cut flower arrangements (about 55 percent of industry revenue), potted plants (12 percent), and loose cut flowers (12 percent). Stores may also sell vases, artificial flowers, and other gift items. The top-selling flowers are roses, carnations, and lilies.
Florists buy product from one, or several, of about 1,000 wholesalers and importers, who in turn buy from several thousand growers. Imports, mainly from Colombia and Ecuador, account for about 70 percent of cut flowers sold in the US. Wholesalers typically deliver cut flowers several times per week.
Key Topics Covered:
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Trends AND Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Website and Media Links
- Glossary of Acronyms
For more information visit http://www.researchandmarkets.com/research/c74a6f/florists
Source: First Research
