Industry Analysis & Industry Trends
The Clothing Store industry in China is expected to generate $19.0 billion in revenue in 2012, up 14.1% for the year. Over the five years through 2012, revenue has been growing at an annualized rate of 15.0%. Lower growth in 2009 compared with the five-year average was due to lower demand and prices resulting from the global recession.
Industry growth was stronger in the years to 2008 due to the opening of the market in accordance with China's World Trade Organization commitments. After 2001, foreign capital streamed into the industry, boosting industry growth and bringing with it experienced management and systems. And as the Chinese economy developed, living standards improved and demand for fashion products grew.... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of this industry is highly related to regional economic development.
As the most economic developed city in China, Shanghai generated 10.2% of industry revenue with 11.5% of enterprises and 9.7% of employment in 2008. The prosperity in Shanghai has resulted in strong sales for the clothing retail sectors, as well as consumer willingness to purchase high-end clothing.
Beijing is located in North China and is the political and cultural center of China. Its economy is second only to Shanghai. Beijing is following Shanghai to become an international open city, which will further boost the economic development of Beijing and surrounding areas, and therefore the North China region in this industry... purchase to read more