Industry Analysis & Industry Trends
The Clothing Retailing industry has faced several tough years with cautious consumer spending, lower prices, higher rents and the global financial crisis driving down revenue. Over the five years through 2012-13, industry revenue is expected to contract at a compound annual rate of 2.2%. Revenue is anticipated to contract by 1.7% in 2012-13, to total $12.2 billion.
Until late 2008, Australians flocked to shopping centres around the country and spent freely on all types of items, including clothing. However, since the economic downturn, consumer spending behaviour has changed and clothing retailers have suffered. Consumers are now more informed about spending and Australia's private savings rate has grown to its highest point since 1984... purchase to read more
Industry Report - Industry Locations Chapter
Distribution of industry revenue is closely correlated to population distribution, with more than 80% of clothing retail revenue expected to be generated in the eastern seaboard states of New South Wales, Victoria and Queensland. These states also account for over 75% of the population. The more populous states generate higher revenue, but when per capita comparisons are made, the competitive landscape in each state becomes clear. For clothing retailers, the Australian Capital Territory remains the best place to conduct business, with per capita spending on clothing of $593 in 2011-12, compared with the national average of $532... purchase to read more