Hobby & Craft Retail Industry Overview

Companies that retail hobby or arts and crafts supplies.

Summary

With craft and hobby stores proliferating faster than a novice knitter can drop a stitch, you'd be correct to assume that idle hands have taken up glue guns, paint brushes, and sewing needles, among other hobbies.The fastest-growing sector of the $10-plus billion craft industry is scrapbooking.

Full Hobby & Craft Retail Industry Description

Declining Retail Prices

Retail prices for toys, games, hobbies, and playground equipment declined 25 percent between 1998 and 2005. Large mass merchandisers expand toy and seasonal merchandise departments during Christmas, and price popular toys at a loss to drive store traffic. Toy stores must match pricing to compete, and hope to generate profits on less popular and specialty toys.

Full Hobby & Craft Retail Industry Trends

• Color Me Mine Enterprises, Inc.
• Dick Blick Holdings Inc.
• Gold Crest Distributing, LLC

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Hobby & Craft Retail maps to a number of NAICS codes including:

Full Hobby & Craft Retail Industry Codes

• Academy of Model Aeronautics
  
• Craft & Hobby Association
  

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