Many players in other industries are merging with department stores and shopping mall enterprises.
San Francisco, CA (PRWEB) January 26, 2013
Over the past five years, revenue for the Department Stores and Shopping Mall industry in China has been growing 9.2% per year, says IBISWorld. The industry has developed steadily in recent years due to the development of the retail sector; changes in operating methods; changes in market needs; increasing economies of scale; and the entry of foreign investment.
Market share concentration within the Department Stores and Shopping Mall industry in China is low, although it does vary across segments, says IBISWorld. In the luxury store segment, the concentration level is higher and there are only a few large players, such as Lufthansa Shopping Center. In contrast, concentration in the traditional department store segment is much lower. Industry concentration in first-grade markets is relatively high as this is often the first choice for large, well-established retailers, like Wangfujing Group, Parkson Retail Group, and Shanghai Bailian Group, due to stronger consumption power and higher margins. In second-grade markets or lower, industry concentration is much lower, because markets are almost solely occupied by a great number of local players that have difficulty in extending their businesses to other cities. Industry concentration levels decrease with each market grade.
In recent years, retailers have accelerated mergers and many players of other industries have started merging with players in Department Stores and Shopping Mall industry in China. In view of the intense competition in the first-grade market, merger activities in the second- or third-grade markets take place more frequently, says IBISWorld.
For more information, visit IBISWorld’s Department Stores and Shopping Malls in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
Department stores and shopping malls in China are mainly engaged in the large-scale retailing of a wide range of merchandise across many categories. These activities are generally managed centrally within one building. The industry's major products categories are: clothing and footwear; jewelry; cosmetics; home furnishings and decor; electronic appliances; and food and beverages.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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.