Industry Analysis & Industry Trends
The economic recovery will lead to significant improvement within the industry as consumers spend their increasing discretionary incomes on craft products. While competition from e-commerce websites and online auctions will be strong, demand from baby boomers and the young do-it-yourself market will bolster revenue. Additionally, positive returns will create opportunities for some operators to expand and new stores to enter the industry... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Fabric, Craft and Sewing Supplies Stores industry is considered to have medium level of concentration, with the four largest companies in the industry accounting for 62.9% of industry revenue in 2013. However, the remaining revenue is expected to be generated by small independent operators that serve their local communities and regional demand. To this end, about 86.3% of total industry operators are estimated to be of businesses without paid employees (nonemployers) in 2013.
Industry concentration has increased over the five years to 2013 from 50.8% in 2008 as large national retailers drove out small, independent operators. Large retailers can offer a greater selection of goods at lower prices compared with smaller stores... purchase to read more