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Hat & Cap Stores - Industry Market Research Report

  • March 2016
  • -
  • Ibisworld
  • -
  • 30 pages

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Headstrong: Rising disposable income will boost spending, aiding industry revenue growth



Abstract

Hat & Cap Stores

Demand for the Hat and Cap Stores industry is largely determined by demographic changes and macroeconomic factors such as consumer confidence and per capita disposable income. Additionally, given the cultural aspect of headwear, demand is also influenced by the amount of time consumers spend on sporting activities and prevailing fashion trends. Over the five years to 2016, the improving economy provided favorable conditions for industry operators, aiding revenue growth. Moving forward, the industry is poised for further, albeit diminishing, growth over the five years to 2021. The industry will likely benefit from the expanding pool of adults, since most hat stores cater to the younger subset of the demographic. Nevertheless, competition from alternative retailers will continue to threaten industry participants, causing revenue and profit to grow at an increasingly slower pace over the next five years.

This industry consists of 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 lesser portion of revenue from selling hats and caps.

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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