Jo-Ann Stores - Competitors

Jo-Ann Stores Competition

Now Viewing Jo-Ann Stores's competition in: Toy and Hobby Stores (primary)

Recent Developments

Toy Sales Expected to Increase - Annual US toy sales growth declined in 2007 but will rise 8.8 percent by 2010, according to NPD Group. Growth will be driven by an increase in the number of American children. NPD cited an increase in non-toy options such as computers, cell phones, personal digital music players, and video games for the decline in toy sales in 2007.

Toy Maker Announces Layoffs - Mattel, the largest US toy maker by sales, will reduce its workforce 3 percent due to a tough economic environment. Experts say that toy and hobby stores may be negatively impacted by the same factors that led to the layoffs at Mattel. The recent economic slowdown increased the need to address the company's structure and streamline its global work force, according to a company spokesperson.

Weak Holiday Sales Season Expected - Sales during the 2008 holiday season will rise 2.2 percent compared to the same period in 2007, according to the National Retail Federation. Many toy stores earn a significant portion of their revenue during the holiday sales season. The increase would be below the 10-year average of 4.4 percent growth and would be the slowest growth since 2002, when holiday sales rose 1.3 percent.

Competitive Landscape

Population growth among young children (under 12) drives demand for toy stores; population growth among women 35 and older, and consumer spending drives demand for hobby stores. The profitability of individual companies depends on the ability to generate store traffic and effective merchandising. Large companies offer wide selections and deep discounts. Small companies can compete effectively by offering specialized products, providing superior customer service, or serving a local market. Average annual revenue per employee is $160,000.

Full Industry Overview For Toy and Hobby Stores

Toy and Hobby Stores Industry Forecast

from Hoover's/D&B subsidiary First Research

US personal consumption expenditures for toys, dolls, and games are forecast to grow at an annual compounded rate of 4.4 percent between 2008 and 2013.

Spending Growth on Toys, Dolls, Games Steadies

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.