Industry Analysis & Industry Trends
During the five years to 2014, the Fabric, Craft and Sewing Supplies Stores industry is slowly rebounding from recessionary lows. Improvement in consumer confidence and an anticipated increase in disposable income has helped industry revenue grow, and an increased interest in do-it-yourself (DIY) fashion has encouraged consumers to purchase more fabric and craft supplies. In the five years to 2019, the continued rise in discretionary spending by consumers will promote revenue growth, and the aging baby boomer demographic is also expected to support industry demand. In addition, external competition is expected to decrease over the five-year period, although operators will still experience competition from the expansion of e-commerce and online auction websites... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fabric, Craft and Sewing Supplies Stores industry is the mature stage of its life cycle. Over the 10 years to 2019, industry value added, which measures the industry's contribution to GDP, is expected to grow at an annual rate of 1.0% on average. This indicates that the industry will be growing at a slower rate than the US economy, which will grow at an average annual rate of 2.5% over the same time period. Declining industry participation and trends of product consolidation also reflect characteristics of a mature industry.
Over the 10 years to 2019, the number of operators is expected to stabilize and will grow at an average rate of 0.8% per year... purchase to read more