Over the five years through 2015, revenue for the Department Stores and Shopping Mall industry in China has been growing 10.0% per year to an estimated $207.9 billion. With the implementation of the new income tax law in September 2011, per capita disposable income and consumption power has been growing. In 2015, revenue is expected to grow by 4.4%.
Establishment numbers (i.e. retail store locations) are estimated at 5,428 in 2015, up 2.9% for the year. However, the number of enterprises is set to fall 5.0% to 571, due to increased merger activity and unprofitable companies exiting the industry. Industry profitability is estimated at 5.0% of revenue.
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.
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.