Industry Analysis & Industry Trends
Lingerie stores have grown steadily over the past five years, with revenue increasing by an annualised 1.6% through 2015-16. Expenditure on lingerie fell in the years immediately following the global financial crisis, due to a decline in consumer sentiment and higher savings rates. While consumers continued to demand necessities such as bras and underpants, preferences shifted towards affordable basic lingerie items over more expensive and luxurious high-end products. The subsequent change in consumer buying patterns led to a reduction in industry revenue as consumers began shopping at large discount retailers, mass merchandisers and online sites rather than specialist lingerie stores. A... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is expected to operate in the growth stage of its life cycle over the 10 years through 2020-21. Industry value added, which measures an industry's contribution to the overall economy, is projected to rise by an annualised 2.9%, compared with annualised growth of 2.8% in Australian GDP. As a result, the industry is forecast to marginally outperform the overall economy. Growth in industry value added has been fuelled by increasing demand from fashion-conscious consumers that are willing to pay a higher price for premium products.
The industry's growth life cycle is evident in establishment numbers, which are expected to rise over the decade through 2020-21... purchase to read more