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 Products Chapter
Segmentation occurs in several ways for clothing retailers. Some retailers are gender-specific, such as Portmans and Sportsgirl, which both 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 birthrate 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 than men. This segment is relatively resilient to changes in economic conditions... purchase to read more