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. Industry revenue is expected to expand at a compound annual rate of 3.3% over the five years through 2015-16, with growth largely driven by the expansion of online sales channels by bricks-and-mortar retailers.
Widespread economic uncertainty over the past five years made consumers 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 Investment Chapter
The Clothing Retailing industry displays a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $8.86 is spent on wages. The industry is typically labour-intensive as employees are required to stock shelves and display merchandise, provide customer service, process transactions and manage inventory. Staff are also involved in numerous administrative and back office duties. As the industry faces intensifying competition from online stores, many retailers are attempting to differentiate their products and brands by offering a superior level of customer service and assistance. This increases employee costs as operators spend more on training and incentive programs... purchase to read more