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 Analysis Chapter
Over the five years through 2015, revenue for the Clothing Store industry in China has been increasing at an annualized rate of 8.1% per year – from $15.5 billion in 2010 to an estimated $22.9 billion in 2015. Overall industry growth has been driven by the strong performance of Chinese economy and improving living standards. However, as the Chinese economy began to cool down and inventory built up, revenue growth has slowed.
Since China's accession to the World Trade Organization in 2001, foreign retailers have begun to enter the Chinese market, putting downward pressure on retail prices for clothing. At the same time, however, the consumer in China has been growing in sophistication, focusing less on low-end and more on mid-range clothing... purchase to read more