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 2014-15, industry revenue is expected to contract at a compound annual rate of 0.6%.
Widespread economic uncertainty over the past five years has prompted consumers to become more cautious about spending. As a result, the private savings rate reached record highs. Retail figures suggest that consumers remained nervous about the global economy in 2010-11 and 2011-12. However, improved economic conditions have led to revenue growth over the past two years. As disposable incomes increase, industry revenue is expected to grow by 1.8%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Clothing Retailing industry is characterised by a low level of market share concentration with the top four players accounting for an estimated 20.6% of revenue in 2014-15. The industry is highly fragmented and diverse with a large number of small, independent operators. Approximately 44.4% of retailers generate revenue between $200,000 and $2.0 million per annum, while only 5.9% earn $2.0 million or more. The majority of industry players employ between one and 19 people, with only 0.5% of enterprises hiring more than 200 people. A large proportion of businesses are owner-operated and non-employing, accounting for an estimated 43.3% of the industry... purchase to read more