Industry Analysis & Industry Trends
Over the past five years, revenue for the Department Stores and Shopping Mall industry in China has been growing 8.9% per year to an estimated $97.4 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. As a result, revenue increased 9.9% in 2012 to total $88.9 billion from 2011. Affected by the slowdown in macroeconomic growth, declining consumer confidence, and increased e-commerce penetration, revenue growth is expected to slow in 2013 to 9.6%.
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%.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is in the mature phase of its life cycle, although new establishments are constantly entering the market. The number of enterprises is expected to decrease at average annualized rate of 6.4% while the number of establishments is expected to increase at an annualized rate of 5.6% in the five years through 2013.
In recent years, although there have been a great number of mergers between large players, the concentration level is still very low. Despite the intense competition in this industry, the market of Department Stores and Shopping Malls is not saturated, especially in large cities. In cities such as Beijing and Shanghai, many new stores are under construction, and in small cities competition is not high... purchase to read more