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
The geographic spread of the industry is closely correlated with population and income distribution, and economic activity. Clothing retailers are heavily concentrated in the densely populated eastern seaboard states, with New South Wales, Victoria and Queensland accounting for 82.3% of industry establishments and 76.9% of the population. On the other hand, less populous states and territories such as Tasmania, the Northern Territory and the Australian Capital Territory account for a combined 3.6% of clothing retailers and less than 5.0% of the population.
New South Wales and Victoria account for a greater proportion of establishments than their population base would indicate. This is largely due to higher average incomes and therefore greater purchasing power in these states... purchase to read more