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 SWOT Analysis Chapter
The Clothing Retailing industry is in the mature stage of its life cycle. Over the 10 years through 2018-19, the industry's contribution to the economy (industry value added) is expected to grow by an annual rate of 0.7%, a weak performance when compared with annualised GDP growth of 2.6%. 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 popular items rapidly 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