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 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 61.2% of industry revenue in 2014. 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 81.1% of total industry operators are estimated to be of businesses without paid employees (nonemployers) in 2014.
Industry concentration has increased over the five years to 2014, from 57.3% in 2009 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