Industry Analysis & Industry Trends
The Clothing Retailing industry has faced several tough years, with cautious consumer spending, intense competition, higher rent costs and the aftermath of the global financial crisis driving down revenue and profit margins. Over the five years through 2013-14, industry revenue is expected to contract at a compound annual rate of 0.9%.
Following the global financial crisis, consumers became more cautious about spending and the private savings rate reached record highs. Retail figures suggest that consumers remained nervous about the climate of the global economy in 2010-11 and 2011-12. However, improved conditions have led to revenue growth over the past two years. As consumer sentiment and disposable incomes increase, revenue is expected to grow by 2.4% in 2013-14 to reach $12.8... purchase to read more
Industry Report - Industry Products Chapter
Segmentation occurs in several ways for clothing retailers. Some retailers are gender-specific, such as Portmans and Sportsgirl, which specialise in women's clothing. Other retailers define themselves by selling a particular product type, such as underwear and sleepwear. The industry's segmentation changes in line with population and demographic trends. For example, an increase in the birth rate leads to growing demand for maternity and babywear.
Women's fashion and apparel is undoubtedly the mainstay of the industry, given that women tend to spend a higher proportion of their disposable income on clothing and footwear. This segment is relatively resilient to changes in economic conditions... purchase to read more