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 Investment Chapter
The Fabric, Craft and Sewing Supplies Stores industry requires low level of investment due to the combined need for both human labor and computerized systems. For every dollar spent on wages, about $0.05 is expected to be allocated to capital assets.
The capital expenditure in this industry includes fixtures and fittings, cash registers and point-of-sale (POS) systems. Over the past 10 to 15 years, the industry has undergone a considerable change with the implementation of computer scanning technology. Its implementation is estimated to have simplified labor tasks and it also minimized the level of human error in processing purchases. POS systems have enabled operators to computerize their inventory resulting in better stock control and cost efficiencies... purchase to read more