Over the five years through 2012-13, industry revenue is expected to decline at an annualised 2.7% to $7.53 billion, capped off by a 0.5% decline in 2012-13. The losses came as internet shopping took off among Australians, who were increasingly looking for greater value for money and found lower prices with online international retailers. In addition, retailers ditched the wholesale leg of the supply chain as they sought new ways to offer consumers cheaper products by reducing their own costs.
Companies in the industry wholesale clothing. Companies purchase clothing and then sell the garments to retailers, generally with minimum or no further development of the items. Most wholesalers in the industry undertake sales and administrative activities, such as establishing relationships with manufacturers and retailers to ensure the reliable supply and demand of stock, marketing and advertising their products, and storage and transportation of stock.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.