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 SWOT Analysis Chapter
The Clothing Retailing industry is in the mature stage of its life cycle. Over the 10 years through 2020-21, the industry's contribution to the economy (industry value added) is expected to grow by an annual rate of 1.9%, a weak performance when compared with Australia's forecast annualised GDP growth of 2.8%. This indicates that the industry is growing at a slower rate than the overall economy.
The industry's clear product segmentation is expected to remain relatively stable, although fashion trends will create volatility for certain products in the short term. Fashion is highly seasonal, with items rapidly gaining and losing demand as seasons shift. Additionally, changes in key demographics and consumer behaviour will affect expenditure patterns in the long term... purchase to read more