Needle and thread: External competition will continue to hinder industry revenue growth

Revenue for the Fabric, Craft and Sewing Supplies Stores industry has exhibited stark decline over the five years to 2017. The industry is threatened by external competition from online retailers of industry products. Not only do online retailers have lower overhead and administrative costs, they are increasingly taking a larger portion of sales away from physical establishments. Input price declines and increasing operational efficiencies have increased industry profitability, however, this has not benefited revenue growth. Over the five years to 2022, industry revenue is expected to continue its decline, however, at a slower pace...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
-3.0%
Forecast Growth 17-22
Profit
Employment
50,383
Businesses
20,034

Industry Threats & Opportunities

  • The industry is threatened by external competition from online retailers
  • Discount department stores and e-commerce retailers have been diminishing much of this industry’s sales
  • Operators will experience fierce competition from the expansion of e-commerce
  • Industry Report - Industry Products Chapter

    FabricsFabrics are expected to account for the majority of the industry revenue in 2017, representing roughly 60.3% of total sales. This segment includes fabrics, such as cotton, satin, silk and corduroy, that are used for apparel construction, home decor and quilting projects. This segment has experienced a moderate rise in its share of revenue over the past five years; driven by a trend toward do-it-yourself (DIY) fashion, a growing number of American consumers have taken on projects to create their own clothes and household decor items. As a result, demand for fabric materials has increased.Sewing and craft suppliesSewing and craft supplies, which include yarns, laces, trimmings, notions and needlework kits, are anticipated to account for 37.0% o...purchase to read more.

    Additional Insights for the Fabric, Craft & Sewing Supplies Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fabric, Craft & Sewing Supplies Stores Industry are

  • Maintenance of excellent customer relations
  • Attractive product presentation
  • Production of goods currently favored by the market
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and commerce sales in the Fabric, Craft & Sewing Supplies Stores industry impact industry performance..

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    What's in this report

    What is the Fabric, Craft & Sewing Supplies Stores Industry?

    Operators in this industry primarily retail sewing and craft supplies, fabrics, patterns, yarns, needlework accessories, seasonal decorations and sewing machines. Stores that sell sewing machines with other household appliances are excluded from this industry.

    Industry Products
  • Fabrics
  • Sewing and craft supplies
  • Patterns and other
  • Industry Activities
  • Retailing fabric
  • Retailing patterns
  • Retailing sewing supplies
  • Retailing upholstery materials
  • Retailing yarns
  • Retailing needlecraft supplies
  • Retailing sewing machines
  • Retailing sewing craft supplies
  • Retailing seasonal decorations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • commerce sales
  • Time spent on leisure and sports
  • World price of cotton
  • Consumer Confidence Index

  • Current Performance
  • Industry structure in flux
  • Craft competition
  • The changing world of sewing
  • Chart: Revenue Growth

  • Industry Outlook
  • E-commerce penetration
  • Profit and acquisitions
  • Table: Fabric, Craft & Sewing Supplies Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fabric, Craft & Sewing Supplies Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Textile Mills
  • Toy & Craft Supplies Wholesaling

  • Products & Services
  • Fabrics
  • Sewing and craft supplies
  • Patterns and other
  • Chart: Fabric, Craft & Sewing Supplies Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Men
  • Women aged 24 or younger
  • Women aged 25 to 44
  • Women aged 45 to 64
  • Women aged 65 and older
  • Chart: Major Market Segmentation for the Fabric, Craft & Sewing Supplies Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Fabric, Craft & Sewing Supplies Stores

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fabric, Craft & Sewing Supplies Stores Industry

  • Industry Globalization
    Michaels Companies Inc., Jo-Ann Stores LLC, Hobby Lobby Stores Inc.,
  • Table: Michaels Companies Inc. - financial performance
  • Table: Jo-Ann Stores LLC - financial performance
  • Table: Hobby Lobby Stores Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fabric, Craft & Sewing Supplies Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fabric, Craft & Sewing Supplies Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World price of cotton (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Baby Boomer
  • A consumer born between 1946 and 1964; this demographic accounts for a major proportion of the US population.
  • Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, households goods and other consumer products.
  • Do-It-Yourself (Diy)
  • A category of customers that includes homeowners who purchase products and complete their own projects.
  • Notion
  • A small lightweight item for household use, such as needles, buttons and threads.
  • Off-The-Rack
  • Clothing purchased from retail stores and is then designed and manufactured to set size and color specifications.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Same-Store Sales
  • A retail measure used to assess the true performance of retail outlets by taking out the effect of new store openings and only looking at sales growth of existing stores.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fabric, Craft & Sewing Supplies Stores Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Fabric, Craft & Sewing Supplies Stores industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fabric, Craft & Sewing Supplies Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fabric, Craft & Sewing Supplies Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fabric, Craft & Sewing Supplies Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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