Valentine’s Day is behind us and some retailers popular during the holiday have seen storefront growth over the past 14 years, while others have seen a significant reduction in brick-and-mortar locations nationwide.
Liquor and electronic stores were the only two gift-related retail establishments to grow from 2001-2014, according to recently released data by the Bureau of Labor Statistics.
According to the bureau, brick-and-mortar retailers selling gifts, novelties and souvenirs, as well as jewelry stores, florists, mail-order houses (which sell all types of merchandise using mail catalogs or television) and confectionery and nut stores all saw a reduction in storefronts since 2001. The most significant drop was among gifts, novelty and souvenir retailers, which had 36,353 locations in 2001, and fell to 29,528 to end 2014.
Florists also saw locations cut from 23,691 storefronts in 2001 to 13,964 in 2014.
“Shoppers … may find that there are fewer brick-and-mortar shops selling these gift items than in years past, but the number of businesses offering online shopping is larger than ever,” according to the BLS. “Over the 2001–14 period, the number of florists shops fell 41 percent and the number of gift, novelty and souvenir stores fell 38 percent. The number of jewelry stores decreased 21 percent. The number of mail-order houses declined 13 percent, as did the number of confectionery and nut stores. Beer, wine and liquor stores increased in number by 18 percent over this period. The number of establishments involved in electronic shopping (which use the Internet to make retail sales of any type of merchandise) increased 373 percent from 2001 to 2014.”
BLS statistics state that from 2001-2014, employment at florists shops fell by 50 percent, and at gift, novelty and souvenir stores by 37 percent. Employment at mail-order houses and jewelry stores decreased 23 percent, while confectionery and nut stores employment was down by 15 percent. Employment at beer, wine and liquor stores increased 5 percent and employment at electronic shopping establishments increased 226 percent over the past 14 years.