The Clothing Boutiques industry typically caters to high-end or niche markets and is reliant on strong conditions for consumers. Therefore, the onset of the recession caused the industry to falter as declining per capita disposable income and plummeting consumer confidence precipitated a contraction in consumer discretionary spending on boutique clothing. However, conditions began to improve in 2010, and industry revenue slowly recovered. Despite improving conditions, industry revenue is not recovering as rapidly because of rising competition from online shopping sites. Therefore, industry establishments will increasingly focus on providing more online options to customers to compete with major retailers and e-commerce stores.
This industry includes small retail stores that offer a limited range of apparel and accessories. The industry is defined as single-establishment stores only. Boutiques can be designer based (i.e. only one designer's collection is sold there), or they may sell a mix of brands that are specifically catered to the local market.
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.
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