Industry Analysis & Industry Trends
The Clothing Alteration Services industry was struggling even before the recession brought it down more. However, an increase in employment and per capita disposable income has righted the industry, and positive growth is expected to continue. There will be challenges ahead as more establishments pop up, keeping price competition high, and dry cleaners and retailers offer alteration services.... purchase to read more
Industry Report - Industry Analysis Chapter
Operators in the Clothing Alteration Services industry alter customers' apparel to provide a better and more desired fit. This can include measuring, cutting, reworking and adding or removing fabric to a garment. The services provided by this industry are often deemed nonessential, making industry establishments highly sensitive to changes in per capita disposable income. During the five years to 2013, rising unemployment and declining corporate profit caused discretionary incomes to decline for the first time since 1991. As a result, consumers cut luxury expenses, including alteration services. Industry revenue fell a drastic 9.4% during 2013.
Declining per capita disposable income had a doubly negative effect on the industry... purchase to read more