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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - Starting a New Business Chapter

Since small clothing retailing stores, which make up a large proportion of the industry, have compact outlet areas, the initial cost needed to rent and furnish a store is relatively low.

Most small stores do not utilize electronic anti-theft devices or electronic scanning devices. Therefore, the technology requirement for a store can be low.

Large players have competitive advantages in terms of brands and finance. Foreign retailers, mainly large players, are financially stable, well-organized and often large in scale. With these advantages, they can expand quickly, leaving limited market space for new players. Nevertheless, smaller players can choose to enter the market as a franchise and benefit from the opportunities this type of business model can offer... 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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