Industry Analysis & Industry Trends
Over the past five years, revenue of Clothing Store industry in China has been growing at an annualized rate of 11.8%. 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 2013, revenue is set to grow just 5.0%.
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 Locations Chapter
The geographic spread of this industry is highly related to local economic development.
As the most economically advanced city in China, Shanghai is expected to generate 10.2% of industry revenue in 2013. The prosperity in Shanghai leads to 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. Tianjin, the other major municipality in the region, also has strong economic growth per capita... purchase to read more