Shopping Centers

The ways in which we buy things in the United States has been changing over the last two decades and continues to be in a state of flux as the lines between traditional wholesalers and retailers are blurred and the rise of online shopping alters the retail landscape. We’ll look at a few market size items over the next few days that highlight how these sectors are being changed. Today we look at the leasable area that is offered in shopping centers throughout the nation.

Geographic reference: United States
Year: 1990 and 2009
Market size: 4,788 and 7,232 gross leasable area measured in millions of square feet, respectively.
Source: “Table 106 – Shopping Centers—Number and Gross Leasable Area: 1990 to 2009,” Statistical Abstract of the United States: 2011, page 666, availalble online here.
Original source: U.S. Department of Commerce, Bureau of the Census, and CoStar Group, Inc.

Cookies and Bagels

Bagel shops and cookie shops have both seen a decline in numbers during the first decade of this century while the number of coffee shops has more than doubled. An interesting shift seems to be taking place.

Geographic reference: United States
Year: 2002 and 2007
Market size: Number of Bagel Shops, 3,203 and 3,072 respectively
Market size: Number of Cookie Shops, 1,025 and 951 respectively
Source: “2007 Economic Census: Sector 72: Accommodation and Food Services,” June 22, 2010, available online here.
Original source: U.S. Bureau of the Census

Retail Bakery Products

Total retail bakery production in the United States actually fell by 6% between 2007 and 2008. Most other bakery product categories saw a rise in production from 2007 to 2008. The market size listed here is not a retail sales figure; it is a production value and should be seen as more akin to a wholesale figure.

Geographic reference: United States
Year: 2007 and 2008
Market size: $3.060 billion and 2.876 billion respectively
Source: Annual Survey of Manufactures 2008, March 30, 2010, available online here.
Original source: U.S. Bureau of the Census

U.S. Book Sales Made Through “Bricks & Mortar” Book Stores

Traditional bricks & mortar book stores have been losing ground in terms of market share of all book sales in the United States for a decade now. While the total volume of books sold is on the rise, those sold by companies that run bricks & mortar book stores have declined from 61.5% in 1997 to 50% in 2007. The rise of Amazon to prominence in the book selling market is, of course, a significant reason for this shift. Traditional booksellers are working hard to recapture their prominence in the retailing of books by establishing complex networks for selling electronically and selling eBooks.

Geographic reference: United States
Year: 1997 and 2007
Market size: $9.71 billion and $12.33 billion respectively
Source: 1997 Economic Census: Sector 44: Retail Trade: Merchandise Line Sales: Merchandise Lines by Kind of Business and 2007 Economic Census: Sector 44: Retail Trade: Merchandise Line Sales: Merchandise Lines by Kind of Business for the United States: 2007, October 30, 2009. The 1997 data is available online here and the 2007 data is available online here. The September 3, 2010 Dwarf Planet Press blog post presents these Census Bureau data in a summarized fashion. Here’s a link to that post.
Original source: U.S. Bureau of the Census

Specialty Pharmacies, 2011

Data show predicted revenue for the year 2011. Specialty Pharmacies are a new type of pharmacy category. These firms offer more interactive services and emphasize their status as a health care provider more than a retail outlet. Here is a quote from a press release by Walgreens regarding their new line of Specialty Pharmacies:

“Walgreens Specialty Pharmacy provides personalized care and services through dedicated fulfillment centers across the country and electronically linked Walgreens pharmacies, including locations in academic medical centers, community hospitals and physician office buildings. Walgreens Specialty Pharmacy assists patients in obtaining medications, coordinates insurance benefits and provides individualized therapy management and clinical support. For more information, visit www.walgreenshealth.com/specialty.”

Geographic reference: United States
Year: 2011
Market size: $100 billion
Source: Rebecca Jones, “Custom Cures,” Wayne State, Spring 2010, page 13. The publication is accessible online here.
Original source: Walgreens

Vending Machine Market

Vending machines in manufacturing facilities represent 33.5% of all vending machines in place. Office buildings account for 22.5% of vending machine locations while schools and colleges account for 11.5%. The remaining vending machines are in locations as diverse as shopping malls, hotels, airports, gas stations, hospitals and other service outlets and public institutions.

Geographic reference: United States
Year: 2007 and 2008
Market size: $23.2 billion and $22.8 billion respectively
Source: Automatic Merchandiser, August 2009, page 28

Airport Car Rental Market in the United States

The leading car rental firms in this market are Hertz (with a 26% market share), Avis (19%), National (12%), Enterprise (10%), Budget (10%), and Alamo (9%). The airport rental car market is one segment of the overall market and represents about half of the total U.S. car rental market.

Geographic reference: United States
Year: 2009
Market size: $10 billion
Source: “Hertz Investor Marketing,” February 10, 2010
Original source: Euromonitor

Size of the Independent Bookseller Market

The data show the number of independent booksellers in the United States according to the American Booksellers Association.

Geographic reference: United States
Year: 1999 and 2010
Market size: 3,250 and 1,400 respectively
Source: Ken Auletta, “Publish or Perish: Can the iPad Topple the Kindle, and Save the Book Business?” The New Yorker, April 26, 2010, pages 24-31
Original source: American Booksellers Association