Industry Analysis & Industry Trends
Over the five years through 2014, revenue for the Department Stores and Shopping Mall industry in China has been growing 12.2% per year to an estimated $193.6 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 2014, revenue growth is expected to be 7.7%.
Establishment numbers (i.e. retail store locations) are estimated at 5,274 in 2014, up 3.2% for the year. However, the number of enterprises is set to fall 5.2% to 601 due to increased merger activity and unprofitable companies exiting the industry. Industry profitability is estimated at 5.0% of revenue. Before rebounding in 2010, profit was low, at between 2.0% and 3.0%.... purchase to read more
Industry Report - Industry Investment Chapter
The industry's retail establishments require large investments for construction, fixtures, fittings, decorations, among other things. Building costs are also high, especially in central business districts in large cities. Further, firms in this industry invest capital into equipment, such as shelving, displays, sales terminals, and computer systems.
As a typical retailing industry, this industry requires a great number of employees to serve customers. However, most employees in this industry are sales staff with relatively low education levels. Therefore, wages of these employees are not high, compared with capital costs in this industry... purchase to read more