Clothing Boutiques in the US - Industry Market Research Report

Clothing Boutiques in the US - Industry Market Research Report

  • December 2020 •
  • 41 pages •
  • Report ID: 5795296 •
  • Format: PDF
Out of style: Revenue will continue to contract as external competition continues to heat up

Abstract

Clothing Boutiques
The Clothing Boutiques industry is composed of small retail stores that offer only a limited range of apparel and accessories. By nature, the industry is highly fragmented because retailers are defined as having only one establishment. 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 2019, with per capita disposable income and consumer confidence growing, heightened competition caused industry revenue to contract during the period. More than ever, consumers have a plethora of outlets from which they can purchase clothing, and these alternate retail outlets have siphoned demand from the Clothing Boutiques industry. Over the five years to 2024, IBISWorld expects that industry revenue will continue to contract as external competition continues to heat up.

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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