Industry Analysis & Industry Trends
The Textile Wholesaling industry has struggled against challenging conditions in recent years, with industry employment declining over the past five years. Operators have been suffering from intensified competition along the supply chain for the provision of textiles from both manufacturers of textile products at home and abroad. The development of e-commerce platforms has increased this competitive threat by allowing retailers to obtain stock from foreign manufacturers over the internet with minimum hassle. However, the devaluation of the pound in the current year is expected to mitigate this slightly. Operators have had to make efficiency improvements in order to reduce lead times and become more competitive. Changes include quality checks and labour reductions... purchase to read more
Industry Report - Industry Analysis Chapter
The Textile Wholesaling industry has consistently expanded over the past five years, with growth limited by a significant change in the buying behaviour of its downstream markets. As consumers and businesses struggled to cope with the effects of the protracted economic downturn, they tended to seek out cheaper textile items. For example, high-end fabric wholesaler, Designers Guild Ltd, faced a fall in revenue of 12.3% through 2012-13 as the lingering effects of the economic downturn weighed on consumer's spending. Domestic wholesalers faced a challenge from international manufacturers and wholesalers, which forced them to reduce their prices and mark-ups in order to remain competitive and retain their existing customers.
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