Starting a Gift Shop
- Price: £5.99
- Published: March 2017
- Type: Business Opportunity Profile
- Format: PDF
- Qualifications and skills
- Key market issues and trends
- Trading, commercial and legal issues
- Further information
Gift shops supply a variety of souvenirs, collectibles, homeware, confectionery and stationery, and often stock items made by local artists and craftspeople, such as glassware, jewellery, ceramics and artwork. They are typically located in popular tourist areas such as rural market towns and seaside locations, and increasingly trade online.
Specialist gift shops face considerable competition from a variety of other retailers such as department stores, greetings card retailers and online gift suppliers. Some gift shops specialise in supplying niche giftware that is not widely available elsewhere, such as locally inspired gifts, artisan crafts or ethnic products and artisan food hampers. Others specialise in particular categories of gifts, such as ornaments, jewellery or candles.
Gift shops that supply food-related products such as preserves, chutneys and confectionery must comply with strict food traceability and labelling regulations.
This profile provides information about starting up and running a gift shop. It describes the skills required, the training available, the current market trends and the key trading issues. It also explains the legislation that must be complied with and provides sources of further information and support.