Out of style: Even as incomes rise, online competition will limit industry growth potential

The highly fragmented Clothing Boutiques industry is composed of small retail stores that offer only a limited range of apparel and accessories. Clothing boutiques typically cater to high-end or niche markets and are reliant on strong macroeconomic conditions. Although the economy expanded over the five years to 2018, heightened competition caused industry revenue to contract. More than ever, consumers have a plethora of outlets from which they can purchase clothing, siphoning demand from the industry and driving industry revenue to contract over the five years to 2018. Over the five years to 2023, industry revenue is expected to continue to contract as external completion continues to heat up...purchase to read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 13-18
-2.0%
Forecast Growth 18-23
Profit
Employment
254,517
Businesses
154,730
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Alternate retail outlets have siphoned demand from the Clothing Boutiques industry
  • Clothing boutiques have had to contend with an increasingly saturated industry
  • The Clothing Boutiques industry is expected to continue contracting
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Clothing Boutiques industry is very low. By definition, industry operators are small, single-location enterprises, and many are nonemployers. Industry operators tend to specialize in a specific product or collection or cater to a specific customer base. The industry is highly fragmented, and IBISWorld estimates that no single player makes up more than 1.0% of total industry revenue...purchase to read more.

    Additional Insights for the Clothing Boutiques Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Clothing Boutiques Industry are

  • Accessibility to shoppers
  • Knowledgeable salespeople
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Clothing Boutiques industry impact industry performance..

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    What's in this report

    What is the Clothing Boutiques Industry?

    This industry includes small retail stores that offer a limited range of apparel and accessories. The industry is defined as single-establishment stores only. Boutiques can be designer based (i.e. only one designer’s collection is sold there), or they may sell a mix of brands that are specifically catered to the local market.

    Industry Products
  • Women's clothing
  • Men's clothing
  • Children's clothing
  • Footwear
  • Accessories
  • Industry Activities
  • Selling boutique women's wear
  • Selling boutique men's wear
  • Selling boutique children's wear
  • Selling boutique footwear
  • Selling boutique accessories
  • 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
  • Percentage of services conducted online
  • Consumer Confidence Index
  • Population

  • Current Performance
  • Competition
  • Growth opportunities
  • Chart: Revenue Growth

  • Industry Outlook
  • Technological threats
  • Economic effects
  • Table: Clothing Boutiques Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clothing Boutiques Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Footwear Wholesaling
  • Men's & Boys' Apparel Manufacturing
  • Men's & Boys' Apparel Wholesaling
  • Shoe & Footwear Manufacturing
  • Women's & Children's Apparel Wholesaling
  • Women’s, Girls’ and Infants’ Apparel Manufacturing

  • Products & Services
  • Women's clothing
  • Men's clothing
  • Children's clothing
  • Footwear
  • Accessories
  • Chart: Clothing Boutiques Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile
  • Fourth-lowest income quintile
  • Third-lowest income quintile
  • Second-lowest income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Clothing Boutiques Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Clothing Boutiques

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clothing Boutiques Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Clothing Boutiques 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 Clothing Boutiques Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    E-Commerce
  • E-commerce refers to industries where buying and selling is conducted via digital systems such as on computers.
  • 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.
  • Radio Frequency Identification
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Clothing Boutiques can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Clothing Boutiques:
    • 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 Clothing Boutiques 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 Clothing Boutiques, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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