Industry Analysis & Industry Trends
The Clothing and Footwear Repair industry has fared well over the past five years. The industry has been largely unaffected by the turbulent economic conditions that have plagued traditional retailers. Widespread economic uncertainty and volatility in consumer sentiment have prompted many households to scale back expenditure on unnecessary items of clothing and footwear, and instead extend the life of existing items by spending on repair and alteration services. Industry players have also benefited from the growing popularity of upcycling, where old garments are transformed into new items. Over the five years through 2015-16, industry revenue is forecast to rise at an annualised 3.2% to reach $225.0 million, including growth of 1.8% in 2015-16... purchase to read more
Industry Report - Industry Investment Chapter
The Clothing and Footwear Repair industry exhibits a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $10.34 is spent on wages. As a service industry, players rely on staff to carry out clothing and footwear repairs and perform other tasks such as customer service, inventory control and administrative duties. As such, wage costs account for a greater share of operating expenditure than the daily cost of capital. In addition, industry employees are often required to have the relevant experience or qualifications to undertake repair services.
Capital expenditure for the industry is linked to the purchase of the machinery and equipment necessary to provide repair services... purchase to read more