Industry Analysis & Industry Trends
Like most retailers, women's clothing stores are not recession-proof. Revenue is expected to decline over the five years to 2013, despite growth experienced in the past four years. The skyrocketing unemployment rate and reduced per capita disposable income pushed consumer sentiment down significantly during the recession. These factors led to diminished demand for discretionary products, including women's clothing. IBISWorld anticipates revenue will grow over the next five years as consumer confidence returns and disposable income rises. However, as competition from internet retailers mounts, revenue growth will slow toward the end of the five-year period... purchase to read more
Industry Report - Starting a New Business Chapter
The capital costs associated with establishing a women's clothing store are relatively low, and the only real barriers to entry in this industry relate to brand awareness and competition. The long-term process of establishing a solid brand reputation can be considered a deterrent to entering the industry. Existing players have already established brand names in their respective product fields, so new entrants will have to invest money and time to sway consumers into making the shift from strong existing brand names to the garments of relatively new brands.
With a large number of smaller players, competition within the industry is strong. There is also a high level of external competition, particularly from the Department Stores industry... purchase to read more