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 Key Buyers Chapter
Similar to other industries in the personal and household goods repair and maintenance sector, the Clothing Alteration Services industry has a very low market share concentration, with no company expected to account for more than a 1.0% of the whole industry in 2015.
The industry is dominated by nonemployers, which are establishments owned and operated by only one person or family, and therefore have no other employees. In fact, nonemployers are expected to account for over 96.5% of all industry participants in 2015; IBISWorld estimates these establishments to generate a little under 70.0% of total industry revenue. Out of the remaining 3.5% of companies that actually have employees, only a fifth had five or more workers on their payroll... purchase to read more