Wear and tear: The level of competition is intensifying, as online retailers and department stores take sales away from industry retailers. In light of the competitive environment, players will increasingly focus on niche products to boost demand. Nevertheless, a return to spending will support modest growth, as consumers begin to purchase industry products again, including wedding dresses and lingerie.
Operators in this industry retail specialized lines of clothing, including bridal gowns, costumes, lingerie, uniforms and swimwear. These products are purchased from domestic and international manufacturers and wholesalers, and then retailed to the general public. Industry operators also often provide basic alterations such as hemming, taking in or letting out seams, or lengthening or shortening sleeves.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.