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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 | Oct 2015

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

IBISWorld’s Clothing Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 10-15
8.1%
Annual Growth 15-20
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Profit
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Employment
860,085
Businesses
42,414
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

 


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 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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