Fast fashion: Industry players are facing intense competition from international retailers

Operators in the Womenswear Stores industry have faced difficult trading conditions over the past five years. Volatile consumer sentiment, limited disposable income growth and intense competition have defined the retail environment. Many consumers have become more cautious, cutting expenditure on discretionary items and saving rather than spending. This trend has continued throughout much of the five-year period, as consumers have remained nervous about global economic conditions. However, heavy investment in online sales channels has supported many industry operators over the period, particularly the larger players. Industry revenue is expected to increase at an annualised 1.8% over the five years through 2018-19, to $8.9 billion. This includes an anticipated decline of 0.8%...read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 14-19
1.8%
Forecast Growth 19-24
Profit
Employment
54,539
Businesses
5,404

Industry Threats & Opportunities

  • Industry firms face intensifying competition from online retailers and department stores
  • Merger and acquisition activity in the industry has increased over the past five years
  • Retailers are forecast to continue focusing on supply-side efficiencies and inventory management
  • Industry Report - Industry SWOT Analysis Chapter

    The Womenswear Stores industry is in the mature stage of its economic life cycle. Over the 10 years through 2023-24, the industry's contribution to the economy (industry value added) is expected to rise at an annualised 2.0%. The industry is therefore expected to underperform the wider economy, with real GDP forecast to increase at an annualised 2.7% over the same period. This indicates that the industry is growing at a slower rate than the overall economy, which is a characteristic of a mature industry.The industry's product segmentation is expected to remain stable, although fashion trends will create volatility for certain products in the short term. In addition, demographic changes will affect expenditure patterns over the long term. In ...purchase to read more.

    Additional Insights for the Womenswear Stores Industry

    IBISWorld has determined the most important Key Success Factors for the Womenswear Stores are:

  • Production of goods currently favoured by the market
  • Ability to control stock on hand
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household disposable income in the Womenswear Stores industry impact industry performance..

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    What's in this report

    What is the Womenswear Stores Industry?

    Industry companies retail women’s clothing. Industry firms include specialist women’s clothing stores and unisex clothing retailers that sell women’s clothes. The industry excludes department stores and online-only retailers.

    Industry Products
  • Dresses and suits
  • Pants, jeans, shorts and skirts
  • T-shirts, shirts and blouses
  • Coats, jackets, cardigans and jumpers
  • Underwear and foundation garments
  • Other products
  • Industry Activities
  • Women's clothing retailing
  • Women's accessory retailing
  • Women's foundation garment retailing
  • Women's sports clothing retailing
  • Women's fur and leather clothing retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household disposable income
  • Demand from department stores
  • Demand from online shopping
  • Female population aged 18 and older

  • Current Performance
  • Profit
  • Competition
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit growth
  • Intensifying competition
  • Further consolidation
  • Table: Womenswear Stores Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Clothing Wholesaling
  • Retail Property Operators
  • Women's and Girls' Wear Manufacturing

  • Products & Services
  • T-shirts, shirts and blouses
  • Dresses and suits
  • Pants, jeans, shorts and skirts
  • Other products
  • Coats, jackets, cardigans and jumpers
  • Underwear and foundation garments
  • Chart: Womenswear Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 55 and over
  • People aged 15 to 34
  • People aged 35 to 54
  • Chart: Major Market Segmentation for the Womenswear Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Womenswear Stores

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    Noni B Limited, Woolworths International (Australia) Pty Limited, ARJ Group Holdings Pty Ltd, Premier Investments Limited,
  • Table: Noni B Limited - financial performance
  • Table: Woolworths International (Australia) Pty Limited - financial performance
  • Table: ARJ Group Holdings Pty Ltd - financial performance
  • Table: Premier Investments Limited - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Womenswear Stores Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bricks-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer that operates through a website.
  • Fast Fashion
  • Fast fashion retailers typically take trends from runway shows and deliver them as new collections for mass consumption in a short time span, such as two weeks.
  • Point Of Sale (Pos)
  • Technology that incorporates a cash register with an electronic payment system to allow instantaneous transactions through one device.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Womenswear Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Womenswear 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 Womenswear 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 Womenswear Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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