Fabric, Craft & Sewing Supplies Stores in the US - Industry Market Research Report

Fabric, Craft & Sewing Supplies Stores in the US - Industry Market Research Report

  • March 2020 •
  • 37 pages •
  • Report ID: 198932 •
  • Format: PDF
Hanging by a thread: External competition will continue to undermine the industry

Abstract

Fabric, Craft & Sewing Supplies Stores in the US
The Fabric, Craft and Sewing Supplies Stores industry has exhibited a stark decline over the five years to 2019. Industry revenue has fallen at an annualized rate of 2.1% to $4.2 billion, including a 4.1% decline in 2019 alone. Both employing and nonemploying establishments have declined in number on a yearly basis. External competition has plagued the industry. Online retailers not only have lower overhead and administrative costs, but also have taken a growing portion of sales away from physical establishments. Over the five years to 2024, industry revenue is expected to continue declining, albeit at a slower annualized rate.

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.
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