Lingerie, Swimwear & Bridal Stores in the US
Due to favorable economic conditions, the Lingerie, Swimwear and Bridal Stores industry is expected to grow over the five years to 2018. Since most of its products are considered discretionary, the industry typically trends in line with the health of the overall economy; over the past five years, it has benefited from greater consumer purchasing power as per capita disposable income has increased. Demand from adults between the ages of 20 and 64 and from consumers preparing for international travel has also sustained revenue. Despite these gains, growth has been somewhat stifled by competition from other retail industries. This industry primarily experiences competition from other industries that retail similar products, such as department stores, discount outlets and e-commerce sites. Continued economic gains will encourage further industry growth over the five years to 2023. IBISWorld expects consumers with deeper pockets to increase spending on high-end discretionary items such as those sold by industry operators. However, increased competition from other retail industries will continue to stifle growth in industry demand.
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 custom apparel through 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.