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 Locations Chapter
The geographic spread of the industry is closely correlated with economic activity and population and income distribution. Clothing retailers are concentrated in the densely populated eastern seaboard states, with New South Wales, Victoria and Queensland accounting for 82.3% of industry establishments and 77.0% of Australia's population. On the other hand, less populous states and territories such as Tasmania, the Northern Territory and the Australian Capital Territory account for a combined 3.6% of clothing retailers and less than 5.0% of the population.
New South Wales and Victoria account for a greater proportion of establishments than their population base would indicate. This is largely due to higher average incomes providing greater consumer purchasing power in these states... purchase to read more