Manufacturing of lingerie boutique, swimwear and wedding was fighting in the volatile ups and downs of demand. In 2007, the combination of employment growth, low savings and easy access to credit for discretionary spending, leading to strong sales of special clothing such as swimsuits, underwear and wedding dresses . This trend reversed sharply in 2008, however, as low consumer confidence in the economy and the recession caused by low-income consumers adjust their budgets for commodities, which are in demand and income; significant. In addition, competition has intensified, such as taking online retailers and industry retail department stores. Given the state of competition, players are more focused on niche products to increase demand. And as the economy improves, a return to spending is to support the modest growth as consumers buy the products to the industry once again, to start wedding dresses and underwear. For these reasons, industry research firm IBISWorld, an industry report on stores underwear, swimwear and wedding to add to his report collection growing industry.
Industry revenues lingerie boutique, swimwear and wedding is expected to decrease to an average annual rate of 1.8% in the five years to 2012. The industry has struggled through ups and downs of volatile demand. In 2007, the combination of employment growth, low savings and easy access to credit for discretionary spending, leading to strong sales of special clothing such as swimsuits, underwear and wedding dresses . This trend reversed sharply in 2008, however, as low consumer confidence in the economy and the recession caused by low-income consumers adjust their budgets for commodities, which are in demand and income; significant. "The delay in the decline in sales of cheap wedding dresses as a consumer, their plans for marriage or opted for cheaper, used goods," said IBISWorld industry analyst Nikoleta Panteva. Promoting competition in the retail market has also slowed the growth of the industry, such as department stores, discount stores and Internet retailers have more customers, taken for convenience and low prices.
Other clothing stores were negatively impacted by higher production costs within five years until 2012. This trend is mainly due to fluctuations in cotton prices, which occurred more than 65.0% in 2010 alone increased. These additional costs, competition and performance associated with low gain of the industry within the industry margins of 3.3% of turnover in the industry declined in 2007 to an estimated 3.0% in 2012. "With a volatile profitability, many low-performing operators were forced to leave the industry or with other players," said Panteva. During a period of five years, the number of companies decreased by 0.1% per year to 35,959 plants. While the lingerie industry shop, swimwear and wedding remains somewhat concentrated at the top, the rest of the industry for many smaller players will be marked. Limited Brands currently dominates the industry, with brands such as Victoria Secret, VS Pink and Henri Bendel. Other small businesses include David Bridal Inc., and Frederick of Hollywood Group Inc.
Fortunately for players that economic recovery is still likely to help growth in the five years until 2017. Armed with deeper pockets can expect consumers to increase their spending on discretionary items of high quality sold by the industry as operators, leading to demand and increased sales. However, the industry will continue to face competition from department stores and other businesses that attract consumers with greater convenience and lower prices. For more information, visit the IBISWorld linen stores, swimwear and wedding to view the report in the industry of the United States.
没有评论:
发表评论