Bridal stores have displayed resilience over the past five years, in stark contrast to other retail industries that have suffered due to tough economic conditions, weak consumer sentiment and subdued spending. Early in the period, instability in financial markets caused confidence to plummet and consumers became more cautious, choosing to scale back expenditure and save a larger proportion of their income. Although this had a significant effect on general clothing retailers, bridal stores were somewhat insulated from the economic downturn due to consistent demand for bridal attire.
Stores in this industry sell bridal wear, including wedding gowns, veils and other accessories such as shoes, gloves and jewellery. Stores typically provide basic alterations, such as hemming, taking in or letting out seams, and lengthening or shortening.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.