Hat & Cap Stores
Demand for the Hat and Cap Stores industry is largely determined by demographic changes and macroeconomic factors such as consumer confidence and per capita disposable income. Increased consumer confidence over the five years to 2017 has aided the return of spending on hats and caps. However, brick-and-mortar retailers have contended with the effects of the internet in recent years. The convenience of shopping from home, coupled with the ability to compare prices across products and websites, has lured consumers away from physical establishments and toward virtual stores. Over the five years to 2022, competitive pressures from online retailers, lessened consumer confidence and a stagnation in available leisure time will continue to limit growth opportunities for industry players.
This industry consists of stores that retail a wide range of hats and caps. Many retailers also undertake sales and administrative activities, such as customer service, advertising and cash handling. This industry excludes apparel and sporting goods retailers that generate a lesser portion of revenue from selling hats and caps.
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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