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