Industry Analysis & Industry Trends
The Clothing Retailing industry has faced several challenging years, with cautious consumer spending, intense competition and higher rent costs affecting overall revenue and profit. Over the five years through 2015-16, industry revenue is expected to expand at a compound annual rate of 3.3%, with growth largely driven by the rise in bricks-and-mortar retailers developing online sales channels.
Widespread economic uncertainty over the past five years prompted consumers to become more cautious about spending, particularly in 2010-11 and 2011-12. However, improving economic conditions and the growing popularity of online shopping have supported industry revenue growth since then... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Clothing Retailing industry is characterised by a low level of market share concentration with the top four players accounting for an estimated 14.6% of revenue in 2015-16. The industry is fragmented and diverse with a large number of small, independent operators. About 43.8% of retailers generate revenue between $200,000 and $2.0 million per annum, while only 6.0% earn $2.0 million or more. The majority of industry players employ between one and 19 staff, with only 0.6% of enterprises employing more than 200 staff. A large proportion of businesses are owner-operated and non-employing, accounting for an estimated 43.9% of the industry... purchase to read more