Industry Analysis & Industry Trends
The Clothing Retailing industry has faced several challenging years, with cautious consumer spending, intense competition and higher rent costs affecting 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 Products Chapter
Products sold by the industry include women's, men's, children's and infants' clothing and accessories. Some clothing retailers are gender-specific. For example, Portmans and Sportsgirl specialise in women's clothing. Other brands, such as Glue and General Pants, offer unisex apparel. Other retailers define themselves by selling a particular product type, such as underwear, sportswear or sleepwear. The industry's segmentation changes in line with population and demographic trends. For example, an increase in the birthrate leads to growing demand for maternity and babywear.
Women's clothing accounts for the largest share of the industry, expected to represent 46.9% of revenue in 2015-16... purchase to read more