(Filed Under wholesale Lingerie News). According to a recent report by long-range market research organization IBISWorld, better results are expected for the lingerie retail industry in the five years to 2016.
IBISWorld’s industry analysts predict an upturn in the market due to a combination of factors including the advent of modern textile and manufacturing technologies, a recovering economy and improved consumer confidence as well as a shift in how women have begun to view the products. "They have begun to see lingerie as a part of fashion rather than just a necessity," stated IBISWorld analyst Janet Shim.
The report indicates a positive sales environment for specialty stores as well as mass merchandisers, chains and department stores.
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