Industry Analysis & Industry Trends
Over the past five years through 2013, revenue for the Department Stores and Shopping Mall industry in China has been growing 12.7% per year to an estimated $95.4 billion. With the implementation of the new income tax law for individuals in September 2011, per capita disposable income and consumption power has been growing. In 2013, revenue growth is expected to be 11.1%.
Establishment numbers (i.e. retail store locations) are estimated at 5,408 in 2013, up 6.2% for the year. However, the number of enterprises is set to fall 6.2% to 654 due to increased merger activity and unprofitable stores exiting the industry. Industry profitability is estimated at 5.1% of revenue. Before rebounding in 2010, profit was low, at between 2.0% and 3.0%.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry's four largest companies are estimated to account for about 12.3% of industry revenue in 2013. In general, the industry concentration level is low, although it does vary across segments. In the luxury store segment, the concentration level is higher and there are only a few large players, such as Lufthansa Shopping Center. In contrast, concentration in the traditional department store segment is much lower.
Industry concentration in first-grade markets is relatively high as this is often the first choice for large, well-established retailers, due to stronger consuming power, lower competition (due to higher entry barriers), and higher margins... purchase to read more