Women's Clothing Stores in the US Industry Market Research Report from IBISWorld Has Been Updated

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Like most retailers, women's clothing stores are not recession-proof; revenue is expected to decline over the five years to 2013, despite growth experienced in the past four years. For these reasons, industry research firm IBISWorld has updated a report on the Women's Clothing Stores industry in its growing industry report collection.

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Revenue should grow relatively strongly as women stock up on essential clothing purchases they delayed during the recession.

Like most retailers, women's clothing stores are not recession-proof. According to IBISWorld Industry analyst Nikoleta Panteva, “Revenue is expected to decline at an average annual rate of 0.1% over the five years to 2013, despite growth experienced in the past four years.” The skyrocketing unemployment rate and reduced per capita disposable income pushed consumer sentiment down significantly during the recession. These factors led to diminished demand for discretionary products, including women's clothing. Despite these trends, the Women's Clothing Stores industry has been expanding, with the number of stores increasing slowly over the five years to 2013, indicating a hint of optimism.

Revenue for Women's Clothing Stores industry is expected to grow 2.3% in 2013 to $42.1 billion by the end of the year, supported by rebounding discretionary spending. Further, IBISWorld anticipates revenue will grow over the five years to 2018 as consumer confidence returns and disposable income rises. “Revenue is anticipated to grow relatively strongly in 2014 and 2015 as women stock up on essential wardrobe items they had delayed purchasing during the recession,” adds Panteva. As competition mounts, however, revenue growth will slow toward the end of the five-year period. Competition is imminent; internet retailers will continue to gain an edge in women's clothing sales, with their accessibility attracting time-crunched consumers. To successfully face their competitors, women's clothing retailers will turn to new avenues of opportunity by opening online stores or establishing themselves within niche markets, such as plus-size clothing.

Major players in this industry have numerous retail outlets throughout the United States, while smaller players are generally independently owned and operate on a local scale. The industry is made up of a large number of small companies. Over the five years to 2013, the concentration of women's clothing stores has increased. While major player Ann Taylor lost market share during the recession due to its business casual product mix and moderately high price points, previously small players have expanded their presence. For example, Ascena Retail Group acquired Charming Shoppes, significantly increasing its presence in the industry. Meanwhile, fast fashion retailers Forever 21 and H&M gained market share due to their attractive price points and high product turnover.

For more information, visit IBISWorld’s Women's Clothing Stores in the US industry report page.

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IBISWorld industry Report Key Topics

Stores participating in this industry specialize in women's wear, including juniors' clothes, misses' clothes, plus-size fashion and maternity wear. Many retailers also undertake sales and administrative activities, such as customer service, advertising and cash handling. Some stores offer basic alteration services on-site.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
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