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 SWOT Analysis Chapter
The Fabric, Craft and Sewing Supplies Stores industry is the mature stage of its life cycle. Over the 10 years to 2018, industry value added, which measures the industry's contribution to GDP, is expected to grow at an average annual rate of 0.7%. 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 2.1% 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 2018, the number of enterprises is expected to stabilize and will grow at an annualized rate of 0.1%... purchase to read more