Industry Analysis & Industry Trends
Over the past five years, revenue for the Clothing Store industry in China has been growing at an annualized rate of 9.8%. Slower growth in 2012 and 2013 has been mainly due to the weaker performance of Chinese economy and a high level of inventory repressing product prices. In 2014, revenue is set to grow just 6.0% tp $21.0 billion.
Overall, industry growth was strong in the past decade due to the opening of the market in accordance with China's World Trade Organization commitments. After 2001, foreign capital streamed in, 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 Investment Chapter
The capital intensity of the Clothing Store industry is determined by the ratio of capital to labor. In the absence of official data on capital and labor costs, depreciation and wage costs are used as proxies. For every dollar spent on capital, $15.60 is spent on labor. Considering the low general wage level in China, the industry is deemed to have a low capital intensity level.
Capital expenditure in the industry comes in the form of fixtures, fittings, and cash registers. Some large retailers and foreign companies have implemented computer scanning technology. Its implementation has simplified labor tasks and also minimizes the level of human error in processing purchases... purchase to read more