While the slowly declining marriage rate has limited growth, economic recovery has increased consumers' wedding budgets and boosted demand for price-premium wedding products retailed by the Bridal Stores industry. In the coming years, companies are expected to increasingly invest in labor to provide superior customer service and differentiate from online retailers, however, rising wage costs will likely limit profit. Rising disposable income will nonetheless boost wedding budgets and couples that postpone marriage typically generate stronger incomes, translating to higher wedding budgets.
Stores in this industry primarily retail bridal wear, including wedding gowns, veils and other accessories such as shoes, gloves and jewelry. Stores also typically provide alterations, such as hemming, taking in or letting out seams, and 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.