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Clothing Stores in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Clothing Stores Market Research Report | Sep 2014

Dressed to impress: Industry revenue returns to strong growth following economic instability

IBISWorld’s Clothing Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 09-14
9.8%
Annual Growth 14-19
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Profit
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Employment
832,609
Businesses
40,986
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 Key Buyers Chapter

Industry concentration within the Clothing Store industry in 2014 is low, with the top four firms accounting for an estimated 16.1% of industry revenue.

The market share of the top four players has increased over recent years, and is expected to continue increasing. The industry's major players are focusing on branded franchising, which will quickly expand sales coverage and market share, and small retailers will lose customers or join franchised chains to stay in the industry.

Currently, about 90% of firms in the industry have annual revenue lower than $600,000. These firms generate about 30% of industry revenue.

Several well-known clothing retailers have entered China in recent years, which will threaten the status of some top players in China... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Clothing Stores Industry?

The Clothing Store industry is part of the retail sector in China. Operators in this industry retail clothing for men, women, and children, as well as clothing accessories such as scarves, socks, belts and ties. The major sites for retailing operations are in clothing specialty stores, franchised stores, and independent outlets.

Industry Products
Upper outer garmentsUnderwearFormal and casual trousersSweatersJeansSkirtsSportswear and shorts
 
Industry Activities
Men's clothing retailingWomen's clothing retailingChildren's clothing retailingSportswear retailingLeather and fur clothing retailingUnderwear and sweater retailingClothing accessories retailingOther clothing retailing


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