Hemming and Hawing: Rising Demand for Online Retailers Will Likely Put Downward Pressure on Industry Players
The Lingerie, Swimwear and Bridal Stores industry has performed well in recent years thanks to improved consumer spending. Growth has been underpinned by strong economic gains, changing fashion trends and the expansion of internationally based stores into the Canadian market. In 2020, revenue fell considerably as the spread of COVID-19 caused the cancellation of most events and trips. Industry revenue is expected to grow at a CAGR of 1.7% to $5.2 billion over the five yearw to 2023, including 1.3% growth in 2023 alone, when profit is set to account for 13.6% of revenue.
Industry operators retail specialized collections of clothing, bridal wear, costumes, lingerie, swimwear and uniforms. These items are procured from domestic and foreign manufacturers and wholesalers. Industry operators also provide basic tailoring services such as hemming and alteration of sleeves and inseams. This industry does not include general sales of apparel and athletic uniforms.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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