The Hat and Cap Stores industry was impacted by the negative effects of the recession, with industry revenue suffering most in 2009. Fortunately for industry players, the slowly rebounding economy aided the return of spending on hats and caps, albeit at a slower pace than in the years prior to the recession. The industry is expected to continue growing in the next five years, as rising disposable income and consumer sentiment boosts spending on discretionary items like headwear.
This industry comprises 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 lessor portion of revenue from selling hats and caps.
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.