Industry Analysis & Industry Trends
Though the Family Clothing Stores industry experienced years of weakened demand in the aftermath of the recession, over the past three years revenue has grown more strongly. Overall, the industry has fared better than specialty clothing stores because its products are often viewed as a necessity, and both industry wages and employment have increased over the five years to 2015. As consumer confidence improves, the industry is expected to continue its expansion through 2020, and stores numbers are expected to increase in response to improved demand. However, growth will slow late in this five-year period as the market reaches saturation and family clothing stores face stiffer competition from department stores and online retailers... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Family Clothing Stores industry are moderate. While no specific regulations exist, barring new entrants from establishing operations within the industry, the competitive landscape may be difficult to navigate. Initial costs for setting up a retail store can be high. Rent, inventory and hardware all represent fixed costs that must be absorbed by an operator before any revenue is generated. Securing funding or investments can pose a barrier to entry for some retailers.
Supply contracts with wholesalers and importers can also pose a hurdle for new shop owners. Established operators often have contracts with upstream operators that limit styles available to other operators... purchase to read more