Great products are a specialty retailer's bread and butter. This section covers new product showcases, features on the latest product trends and unique concepts you can put into practice.
"Body jewelry is a recession-proof item," says Dennis Moreno, senior vice president of sales at SalesOne International in Norwalk, CT, home of the popular Body Vibe line. "You can buy a piece of jewelry to accent your body to make yourself feel good for only $10."
Today's kids aren't afraid to spend money—to the tune of nearly $20 billion a year. And that's not counting what their parents spend on them (about seven times more). That adds up to a lucrative—and growing—market for specialty retailers.
A new generation of advanced-technology hair-styling tools and tricked-out accessories make it easy for women to create a highly sophisticated salon look or a blingy tween do—without paying salon prices. Instead, they're heading to the mall, where specialty retailers are poised to capture their share of the multibillion-dollar hair-care market.
Americans are hooked on the benefits of massage, spending billions on massages and massage products every year. Now excitement is building about the profit potential of common-area massage concepts as consumers react to a slowing economy, turning from pricey spas to less-costly options offered by specialty retailers.
For specialty retailers selling electronic and tech products, opportunity abounds. From sleek cell phones that track children and check email to iPod protectors that hold up under the harshest of conditions, consumers (and retailers) have more choices than ever before.
Americans spent more than $22 billion on T-shirts in 2006, up a healthy eight percent from 2005. Specialty retailers and their suppliers are doing their best to capture their share of this growing market with fresh retail concepts and hot new products shoppers are teeing up to buy.
Consumers spend more than $6 billion in nail salons every year, but heading to the salon takes time and costs money. With increasingly cramped schedules and tight budgets, millions of consumers are searching for inexpensive, easy-to-apply nail products they can use at home but still get the salon look.
Specialty retailers are happy to oblige, demonstrating everything from high-shine buffers to high-design stamping nail art kits that are priced right for the cart and kiosk market.
Medical- and health-related carts, kiosks and in-lines generate business, add unique tenants to the mix and generate traffic for the centers they're in.
With vibrant colors that draw the eye and attractive price points that are easy on the wallet, wrap apparel is wrapping up the sales in specialty retail.
Buckles and belts are more—much more—than just a way to hold up your pants. For shoppers, they're a form of personal expression just like any other fashion accessory. For specialty retailers, they're hot products with high markups that keep customers coming back for more.