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 Locations Chapter
Distribution of industry revenue is closely correlated to population distribution, with approximately 82.0% of clothing retail revenue expected to be generated in the eastern seaboard states of New South Wales, Victoria and Queensland. These states also account for over 75.0% of the population.
The more populous states generate higher revenue, but when per capita comparisons are made, the competitive landscape in each state becomes clear. New South Wales, Victoria, Tasmania and the Australian Capital Territory generated higher per capita expenditure on clothing than the national average of $535.08 during 2012-13. This trend is a function of average incomes and population, with most of these states having above-average incomes relative to their populations... purchase to read more