Overview

Headstrong: Rising disposable income will boost spending, aiding industry revenue growth

IBISWorld’s Hat & Cap Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Revenue will rise marginally, as competitive pressures from online retailers will continue to limit growth opportunities
  • Brick-and-mortar retailers have contended with the effects of the internet
  • Increasing per capita disposable income will be a significant driver for the industry

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    Industry Analysis & Industry Trends

    Demand for the Hat and Cap Stores industry is largely determined by demographic changes and macroeconomic factors such as consumer confidence and per capita disposable income. Increased consumer confidence over the five years to 2017 has aided the return of spending on hats and caps. However, brick-and-mortar retailers have contended with the effects of the internet in recent years. The convenience of shopping from home, coupled with the ability to compare prices across products and websites, has lured consumers away from physical establishments and toward virtual stores. Over the five years to 2022, competitive pressures from online retailers, lessened consumer confidence and a stagnation in available leisure time will continue to limit growth opportunities for industry players...

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    Industry Report - Industry SWOT Analysis Chapter

    The Hat and Cap Stores industry is in the mature phase of its life cycle. The industry's value added (a measure of its contribution to the US economy) is forecast to grow at an annualized rate of 0.2% over the 10 years to 2022. Over this same period, US gross domestic product is expected to grow at a much faster annualized rate of 2.0%.

    Additionally, the large companies in the industry are beginning to seek growth through merger and acquisition activity. For example, major player Genesco acquired U.K. apparel retailer Schuh Group. Schuh Group is a multichannel retailer of casual and athletic footwear based in the United Kingdom. Thi..

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    Additional Insights for the Hat & Cap Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hat & Cap Stores Industry are

  • Having a clear market position
  • Ability to control stock on hand
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and External competition in the Hat & Cap Stores industry impact industry performance..

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    Industry Products

    What is the Hat & Cap Stores Industry?

    This industry consists of stores that retail a wide range of hats and caps. Many retailers also undertake sales and administrative activities, such as customer service, advertising and cash handling. This industry excludes apparel and sporting goods retailers that generate a lesser portion of revenue from selling hats and caps.

    Industry Products
    Men's hats and caps
    Women's hats and caps
    Children's hats and caps
    Industry Activities
    Retailing men's hats and caps
    Retailing women's hats and caps
    Retailing children's hats and caps
    Retailing other headwear accessories

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • External competition
  • Time spent on leisure and sports
  • Number of adults aged 20 to 64
  • Per capita disposable income

  • Current Performance
  • Economic recovery and increased disposable income
  • Serious competition
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased disposable incomes and demographic growth
  • Competition to cap growth
  • Changing product lines
  • Table: Hat & Cap Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hat & Cap Stores Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • Men's hats and caps
  • Women's hats and caps
  • Other
  • Children's hats and caps
  • Chart: Hat & Cap Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Generation Y
  • Baby boomers
  • Generation X
  • Consumers 65 and older
  • Consumers under 15
  • Chart: Major Market Segmentation for the Hat & Cap Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Hat & Cap Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hat & Cap Stores Industry

  • Industry Globalization
    Major Companies
    Genesco Inc.
  • Table: Genesco Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hat & Cap Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hat & Cap Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Confidence Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet. Many of these companies do not have brick-and-mortar locations.
  • Generation Y
  • The demographic of Americans born in the mid-1980s and 1990s, typically to baby boomers. This group follow Generation X.
  • Millinery
  • Hats and other accessories for women.
  • Why buy this report?

    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 Hat & Cap 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 Hat & Cap 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 Hat & Cap Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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