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Annual growth rate of the industry

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Reference no: EM132861202

The physical office supply stores industry has been struggling for the past years. Here are some stylized facts: 

  • The annual growth rate of the industry -4.4% (average 2010-2017)
  • Industry margins have dropped from 3.1% (2010) to 1.8% (2017)
  • Staples and Office Depot together account for 75% (2017) of total revenue in sales made in physical retail stores, down from 87% (2010)
  • The percentage of purchases made online has increased from 7.5% (2010) to 21% (2017)
  • The use of office productivity services such as Dropbox, Google Drive, OneDrive, for storage, collaboration, computing services has increased by about 25 times from 2010 to 2017.
  • The percentage of offices that allow employees to work from home or offering flexible hours has increased by 40% from 2010 to 2017.

Reference no: EM132861202

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