Rebounding from its recessionary pitfall, the Lingerie, Swimwear and Bridal Stores industry is expected to achieve average annual revenue growth of 3.0% over the five years to 2014. During the recession, industry revenue levels mirrored those of many discretionary retail industries, suffering as consumers' budgets tightened and shoppers cut spending on nonessential items. As the US economy has begun to recover from the recession, per capita disposable income has rebounded, allowing consumers to resume discretionary purchasing and offering some relief for this industry. Continued economic recovery will aid industry performance over the five years to 2019. Equipped with deeper pockets, IBISWorld expects consumers to increase their spending on high-end discretionary items.
Operators in this industry retail specialized lines of clothing, including bridal gowns, costumes, lingerie, uniforms and swimwear. These products are purchased from domestic and international manufacturers and wholesalers, and then retailed to the general public. Industry operators also often provide custom apparel through alterations such as hemming, taking in or letting out seams, or lengthening or shortening sleeves.
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.