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Retail Market Research Example
The 2020 market research report on the florists industry provides insights into revenue, growth, and profitability, highlighting that 58.5% of companies are profitable with an average net income of 6.9% of revenues. The industry faced a decline in revenue from 2019, with a forecasted annual growth rate of -18.4% for the next five years, while 2019 revenues were approximately $5.1 billion. Additionally, e-commerce sales have been growing, projected to represent 7.6% of total sales by 2020.
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