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Clothing Retailing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Clothing Retailing Market Research Report | ANZSIC G4251 | Nov 2014

Wardrobe malfunction: Online competition has constrained the industry

IBISWorld’s Clothing Retailing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 10-15
-0.6%
Annual Growth 15-20
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Profit
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Employment
86,836
Businesses
12,301
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-year period 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 climate of the global economy in 2010-11 and 2011-12. However, improved economic conditions have led to revenue growth over the past two years... purchase to read more

Industry Report - Starting a New Business Chapter

IBISWorld classifies the Clothing Retailing industry as having medium barriers to entry, although smaller players exhibit lower barriers. The capital costs associated with establishing new stores are relatively low, as most stores in the industry are small to medium enterprises with one outlet. The most significant costs for operators include purchases, wages and rent. Location is critical for retailers and retail space in popular shopping strips and centres may be unavailable or too expensive for smaller retailers, which may be considered a barrier to entry.

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 Rip Curl, dominate the market... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Clothing Retailing Industry?

Clothing retailers purchase a variety of apparel products and accessories from wholesalers and manufacturers and sell these products directly to consumers, generally without developing or changing them. Most retailers in the industry sell goods in one or more shops and may operate an online store. The industry excludes operators of department stores and online-only retailers.

Industry Products
Women's clothingMen's clothingAccessoriesBoys' clothingGirls' clothingInfants' clothing
 
Industry Activities
Glove, hosiery, hat and accessory retailingMen's and women's clothing retailingInfants’ and children's clothing retailingFoundation garment retailingFur and leather clothing retailingWork clothing and uniform retailingSports clothing retailing


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