Industry Analysis & Industry Trends
Over the five years through 2016-17, revenue for the Clothing Wholesaling industry is expected to rise only marginally, by an annualised 0.2%. As the global reach of many clothing companies grows, wholesale bypass is becoming increasingly prevalent. Low-cost producers in countries such as China and Vietnam are becoming more accessible, selling products directly to retailers and bypassing wholesalers. The Clothing Wholesaling industry's weak performance can also be attributed to low underlying demand from the clothing retail sector. The rise of online clothing stores has undermined demand for products sold through traditional retail channels, which has undercut retailers' demand for products sold by wholesalers. Revenue is expected to decrease by 1.8% in 2016-17, to reach $8.36 billion... purchase to read more
Industry Report - Industry Analysis Chapter
The Clothing Wholesaling industry has struggled over the past five years, due to challenging economic conditions and changing consumer behaviour that has threatened the industry’s relevance to the retail sector. Over the five years through 2016-17, industry revenue is expected to increase by only 0.2% annualised to $8.36 billion. Revenue is expected to decrease by 1.8% over 2016-17 as consumer sentiment falls, affecting expenditure on clothing at the retail level.
Wholesale bypass and the growing online shopping trend have been causing the industry problems, especially in light of the struggling retail sector... purchase to read more