Clothing Boutiques - Industry Market Research Report

Clothing Boutiques - Industry Market Research Report

  • May 2018 •
  • 29 pages •
  • Report ID: 5103740 •
  • Format: PDF
Out of style: Even as incomes rise, online competition will limit industry growth potential

Abstract

Clothing Boutiques
The highly fragmented Clothing Boutiques industry is composed of small retail stores that offer only a limited range of apparel and accessories. Clothing boutiques typically cater to high-end or niche markets and are reliant on strong macroeconomic conditions. Although the economy expanded over the five years to 2018, heightened competition caused industry revenue to contract. More than ever, consumers have a plethora of outlets from which they can purchase clothing, siphoning demand from the industry and driving industry revenue to contract over the five years to 2018. Over the five years to 2023, industry revenue is expected to continue to contract as external completion continues to heat up. While some shoppers will continue to prefer the personalized experience that clothing boutiques provide, others will be drawn to department stores and e-tailers for convenience and cost savings. Consumer confidence is expected to slightly decline over the five-year period, which will decrease the likelihood that shoppers will turn to the high-end establishments typical of this industry. As a result, IBISWorld expects industry revenue to contract over the five years to 2023.

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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