More plus-size options and designer labels will benefit the industry
Los Angeles, CA (PRWEB) May 16, 2012
Changes in consumer spending power and healthy habits are the primary drivers for the Plus-Size Women's Clothing Stores industry. The recession had a powerful effect on most consumer-facing industries. With the unemployment rate climbing, per capita disposable incomes waned, causing shoppers to tighten their purse strings and reduce demand for discretionary products like apparel. Additionally, shoppers turned to lower-priced retail outlets like mass merchandisers and internet-only retailers for their clothing needs. Industry revenue fell 0.1% in 2008 and 2.3% in 2009 as a result. Still, according to industry analyst Nikoleta Panteva, “the increasing obesity rate in the United States has supported industry growth during the past decade.” Consequently, IBISWorld estimates that industry revenue will grow at an average annual rate of 2.1% during the five years to 2012 (including a 5.6% gain in 2012 alone), to total $7.5 billion by the end of the year.
The industry is composed of about 8,053 retail locations. Panteva says, “most stores are independently owned and operate on a local level.” Few companies garner substantial market share, with the exception of major player Charming Shoppes and a few other companies that specialize in retailing plus-size women's clothing on a national level. While retail giants such as Walmart and Target also sell plus-size women's clothing, their operations are excluded from the industry because this merchandise is not their specialty.
The Plus-Size Women's Clothing Stores industry is forecast to perform more strongly over the five years to 2017, as factors like per capita disposable income continue to grow. Moreover, with a rising focus on plus-size fashion, product choices are likely to expand and benefit specialty retailers. Despite continuing competition from alternative retailers like Walmart and Target, the industry is forecast to grow at an average annual rate of 5.2% to reach $9.7 billion in revenue by 2017. Also, more high-end designer labels will begin to offer plus-size styles, enabling growth.
For more information visit IBISWorld’s Plus-Size Women's Clothing Stores in the US industry page
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Retailers in this industry specialize in plus-size women’s clothing, which is clothing proportioned specifically for larger women. Typically, sizes 14 and up are considered to be in the plus-size category, but not all brands and retailers follow this convention.
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Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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