Industry Analysis & Industry Trends
The Bridal Stores industry is just a small part of the multibillion-pound UK wedding business. Operators in the industry provide wedding gowns and bridal accessories, as well as clothing and accessories for the bridal party. They traditionally benefit from a bride's desire to look good on her wedding day, which often prompts high spending. However, there has been a long-term decline in the UK marriage rate up until quite recently, as society's attitudes to matrimony have changed. In addition, consumer spending was low in the early part of the five-year period due to the effects of a faltering economic recovery. The average spend on weddings and expenditure on bridalwear were relatively low as a result.
The industry is also facing growing competition from external operators... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Bridal Stores industry has a low level of market share concentration, since the top four companies are estimated to account for less than 4% of revenue. The industry is characterised by small boutiques all vying for a small share of the market. A handful of enterprises have opened up more than one store, but this is usually limited to a second store relatively close to the first. Operators rely heavily on their brand to win custom in a fiercely competitive market and the effort required to establish a bridal store’s reputation in an area means opening a second may not be worthwhile. The.. purchase to read more