Overview

Dressed to impress: Industry revenue returns to strong growth following economic instability

The Clothing Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Growing income of Chinese people and higher spending on apparels ensure future market growth in China
  • Industry Analysis & Industry Trends

    Over the past five years, revenue for the Clothing Store industry in China has been growing at an annualized rate of 6.1%. Slower growth from 2012 has been mainly due to the weaker performance of the Chinese economy and a high level of inventory repressing product prices. In 2017, revenue is set to grow just 6.8% to $26.9 billion.

    Overall, industry growth was strong in the past decade due to the opening of the market in accordance with China's World Trade Organization commitments. After 2001, foreign capital streamed in, bringing with it experienced management and systems. And as the Chinese economy developed, living standards improved and demand for fashion products grew...

    Industry Report - Industry Analysis Chapter

    Over the five years through 2017, revenue for the Clothing Store industry in China has been increasing at an annualized rate of 7.4% per year – from $18.8 billion in 2012 to an estimated $26.9 billion in 2017. Overall industry growth has been driven by the strong performance of Chinese economy and improving living standards. However, as the Chinese economy began to cool down and inventory built up, revenue growth has slowed.

    Performance trends

    Since China's accession to the World Trade Organization in 2001, foreign retailers have begun to enter the Chinese market, putting downward pressure on retail prices for clothing. At the same time, however, the consumer in China has been growing in sophistication, focusing less on low-end and more on mid-range clothing.

    ..

    Additional Insights for the Clothing Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Clothing Stores Industry are

  • Having a good reputation
  • Ability to control stock on hand
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Household Disposable Income and Competition from Substitutes - Department Stores - Women's Clothing Stores in the Clothing Stores industry impact industry performance..

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    Industry Products

    What is the Clothing Stores Industry?

    The Clothing Store industry is part of the retail sector in China. Operators in this industry retail clothing for men, women, and children, as well as clothing accessories such as scarves, socks, belts and ties. The major sites for retailing operations are clothing specialty stores, franchised stores, and independent outlets.

    Industry Products
    Upper outer garments
    Underwear
    Formal and casual trousers
    Sweaters
    Jeans
    Skirts
    Sportswear and shorts
    Industry Activities
    Men's clothing retailing
    Women's clothing retailing
    Children's clothing retailing
    Sportswear retailing
    Leather and fur clothing retailing
    Underwear and sweater retailing
    Clothing accessories retailing
    Other clothing retailing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Household Disposable Income
  • Competition from Substitutes - Department Stores - Women's Clothing Stores
  • Competition from Substitutes - Department Stores - Men's Clothing Stores
  • Economic Indicators - Consumer Sentiment Index
  • Population Growth - China

  • Current Performance
  • Performance trends
  • Establishments and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Future challenges
  • Table: Clothing Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clothing Stores Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Apparel Manufacturing

  • Products & Services
  • Upper outer garments
  • Underwear
  • Formal and casual trousers
  • Sweaters
  • Sportswear and shorts
  • Jeans
  • Skirts
  • Other
  • Chart: Clothing Stores Industry Products and Services Segmentation

  • Demand Determinants
  • The level and change in real household disposable income
  • Consumer confidence and attitudes
  • Brand recognition
  • Fashion changes
  • Price of clothing relative to other goods
  • Seasonal conditions

  • Major Markets
  • People aged 15 to 64
  • Children aged 0 to 14
  • People aged 65 and above
  • Chart: Major Market Segmentation for the Clothing Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Rent and utilities
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Clothing Stores

  • Basis of Competition
  • Price
  • Clothing style and range
  • Quality and brands
  • Service and location
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clothing Stores Industry

  • Industry Globalization
    Major Companies
    Zhejiang Semir Garment Co. Ltd.Shanghai Metersbonwe Fashion and Accessories Co., Ltd.Bestseller Fashion (China) Co., Ltd.Esprit Shanghai CompanyGlorious Sun Enterprises Limited
  • Table: Zhejiang Semir Garment Co. Ltd. - financial performance
  • Table: Shanghai Metersbonwe Fashion and Accessories Co., Ltd. - financial performance
  • Table: Bestseller Fashion (China) Co., Ltd. - financial performance
  • Table: Esprit Shanghai Company - financial performance
  • Table: Glorious Sun Enterprises Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Clothing Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Clothing Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Playwear
  • Clothes designed for children specifically for playtime; usually more durable and functional than sleepwear.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Clothing Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Clothing Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Clothing Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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