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 9.8%. 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 2014, revenue is set to grow just 6.0% tp $21.0 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 Key Buyers Chapter
Industry concentration within the Clothing Store industry in 2014 is low, with the top four firms accounting for an estimated 16.1% of industry revenue.
The market share of the top four players has increased over recent years, and is expected to continue increasing. The industry's major players are focusing on branded franchising, which will quickly expand sales coverage and market share, and small retailers will lose customers or join franchised chains to stay in the industry.
Currently, about 90% of firms in the industry have annual revenue lower than $600,000. These firms generate about 30% of industry revenue.
Several well-known clothing retailers have entered China in recent years, which will threaten the status of some top players in China... purchase to read more