Industry Analysis & Industry Trends
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Industry Report - Industry Investment Chapter
For industry participants, on average, for each dollar spent on labor costs only $0.13 is spent on capital investments. As such, the Hat and Cap stores industry has a medium-low level of capital intensity. This is typical of retail industries in general, and especially so for accessories stores as the retail space needed tends to be smaller, thus requiring less capital investment. The size of larger chain stores in the industry average approximately 3,000 square feet, most accessory stores have less than 1,000 square feet of selling space. Hence, this industry enjoys relatively low overhead costs due to small store size and the low cost of goods.
Retailers are customer-oriented and therefore, require solid customer support teams at each location... purchase to read more