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 SWOT Analysis Chapter
This industry is in the mature phase of its life cycle. 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. In most second-tier cities or below, markets are usually occupied by local players... purchase to read more