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 8.1%. Slower growth from 2012 has been mainly due to the weaker performance of the Chinese economy and a high level of inventory repressing product prices. In 2015, revenue is set to grow just 5.9% to $22.9 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 SWOT Analysis Chapter
The industry is in the growth stage of its life cycle. The annualized growth rate of value-added in the ten years to 2020 is estimated at 6.4%, close to China's GDP growth over the same period of about 6.5% per year.
More foreign competitors are entering an increasingly competitive industry. Many foreign firms are currently among the top clothing retailers in the world. Inditex of Spain entered China in 2006, while H&M of Sweden and C&A of the Netherlands entered the Chinese market in 2007. Foreign firms will continue to enter the market, while existing companies will expand and increase market share.
The industry has a low industry concentration level. It is estimated that the top four players in the industry account for about 18.3% of industry revenue in 2015... purchase to read more