Industry Analysis & Industry Trends
Revenue and employment in the Family Clothing Stores industry dropped during the recession. With demand diminishing and profit margins (earnings before interest and tax) dropping during the economic downfall, operators had to cut costs. However, over the next five years, the industry is expected to recover, and revenue is expected to grow... 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