Industry Analysis & Industry Trends
The Clothing and Footwear Wholesaling industry has been in a tumultuous state for much of the past decade. However, this has been aggravated by the sustained recessionary conditions over the past five years. The financial crisis of 2008 set in motion a set of events that resulted in high unemployment levels and financial insecurity. Consumers suffered heavy declines in disposable income and consequently reduced purchases of clothing and footwear apparel, a change that profoundly affected the retail markets and trickled down to wholesalers. Over the five years through 2012-13, industry revenue is estimated to decrease at a compound annual rate of 2.4%.
Aside from this, industry operators have dealt with a number of factors that have impaired the capability to compete effectively... purchase to read more
Industry Report - Industry Analysis Chapter
The Clothing and Footwear Wholesaling industry has experienced a bumpy ride in recent years. The industry is primarily affected by the performance of the downstream retail markets, which have been shaken by the effects of the 2008 financial crisis. There have been significant changes in behaviour as consumers have adjusted to falling incomes and financial insecurity. In addition to this, industry operators face growing competition from vertically integrated fashion houses, which are external to the industry as well as foreign manufacturers and retailers. Over the five years through 2012-13, industry revenue is estimated to decline at a compound annual rate of 2.4% to total £10.5 billion. This will include a 1.2% decline in 2012-13... purchase to read more