Fabric, Craft & Sewing Supplies Stores in the US
The Fabric, Craft and Sewing Supplies Stores industry has exhibited stark decline over the five years to 2018. Both the number of employing and nonemployer establishments have been declining on a yearly basis, while major players such as Michaels Stores Inc. have demonstrated increases in industry-relevant revenue. Overall, major players are simply outlasting their competition and contributing to the decline of industry establishments and enterprises by acquiring struggling small businesses. External competition has been plaguing the Fabric, Craft and Sewing Supplies Stores industry. Not only do online retailers have lower overhead and administrative costs, they are increasingly taking a larger portion of sales away from physical establishments. Over the five years to 2023, industry revenue is expected to continue its decline, but at a slower pace.
Operators in this industry primarily retail sewing and craft supplies, fabrics, patterns, yarns, needlework accessories, seasonal decorations and sewing machines. Stores that sell sewing machines with other household appliances are excluded from this industry.
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.