Industry Analysis & Industry Trends
The Clothing Retailing industry has faced several challenging years, with cautious consumer spending, intense competition and higher rent costs affecting revenue and profit. Industry revenue is expected to grow at a compound annual rate of 3.9% over the five years through 2016-17, largely due to bricks-and-mortar retailers’ expansion of their online sales channels.
Widespread economic uncertainty over the past five years has made consumers cautious about spending, particularly in 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 - Starting a New Business Chapter
IBISWorld classifies the Clothing Retailing industry as having medium barriers to entry, although these can be lower for smaller players. The capital costs associated with establishing new stores are relatively low, as most operators in the industry are small- to medium-size enterprises with one outlet. The most significant costs for operators include purchases, wages and rent. As location is critical for retailers, if retail space in popular locations is unavailable or too expensive, this may be considered a barrier to entry for smaller players.
While market share concentration in the industry is classified as low, concentration is higher in specific segments such as sportswear, where players, such as Nike and Lorna Jane, dominate the market... purchase to read more