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Specialty Retail Market means any retail store chain that commits 80% of its total retail selling space to personal care or cosmetic products such as creams, lotions, makeups, or bath and body products such as shampoos, conditioners, or gels, e.g., Garden Botanika, H20 Plus.
Small Specialty Retail Stores in the US market size (2024-2029) Industry revenue has grown at a CAGR of 3.5% over the past five years, to docHub an estimated $65.7bn in 2023.
The Global Specialty Retailers market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The market size, measured by revenue, of the Small Specialty Retail Stores industry was $65.7bn in 2023.
As of April 2023, the global retail market was valued at $28.3 billion. It grew from $26.2 billion in 2022 at a CAGR of 8.3%, ing to AI research company ReportLinkers 2023 Retail Global Market Report. The same report indicates that the worldwide retail market is expected to docHub $37.7 billion by 2027.

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A specialty retail store is a retail store that focuses on specific product categories, as opposed to retailers who sell a large number of consumer goods categories. When you think of specialty retail, think of a specialized yoga-wear store like Lululemon rather than the big-box, everything-in-one store, Walmart.

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