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 Analysis Chapter
ACMR-IBISWorld estimates that in the five years to 2014, industry revenue has been increasing at an annualized rate of 12.2%, from $108.7 billion in 2009 to $193.6 billion in 2014.
China's economy slowed in 2009 due to the global financial crisis, with GDP increasing at a slower rate than in 2008. In particular, demand for high-end products sold by stores in the industry fell significantly in early 2009. For the year, industry revenue increased a modest 14.3%.
Due to the government's economic stimulus package, China's economy recovered in 2010 with GDP growth of 10.4%. During the year, China's consumer price index (CPI) levels also rose, benefiting retail-related sectors to some extent. Driven by these positive factors, industry revenue increased 18.0% in 2010... purchase to read more