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 Products Chapter
Fashion stores are the largest segment in this industry, accounting for 37.0% of industry revenue. Customers prefer to purchase industry products such as clothes in fashion stores as there are a variety of styles and sizes to choose from.
Department stores represent about 32.5% of industry revenue due to their wide range of product categories. Department store products vary from low-end daily-use goods to mid- and high-range products and food.
Outlet stores are established by factories to sell commodities directly to consumers. Outlet stores usually sell products at lower prices as they are excess stock or out of season... purchase to read more