What comprises the women’s clothing retail store industry? This particular industry is comprised of establishments and stores that specialize in manufacturing and selling women’s wear including juniors’, misses’, maternity wear and plus-size clothing. The operators in the industry also perform certain administrative and sales activities like advertising, customer service and cash handling. There are also some stores which offer basic alteration of garments services on-site.
There are also other niches in the clothing industry like the men garment, kids clothing, and companies retailing movie costumes and special fashion apparel. With the ballooning number of people in the planet, the garment industry will certainly thrive and as more and more people are leaning towards becoming trendy, the apparel industry will linger on.
Analysis of Industry and its Trends
In the past five years, the clothing industry for women has remained strong and very competitive in the market though the mall traffic is reportedly declining and even if there were everyday competitions springing up. Accordingly, the consumer sentiments as well as their disposable income continue to be on the rise. This trend in turn drives the increase in demand for various high-end products produced by various companies which are operating overseas. The industry is expected to steadily grow in the next five to ten years. This phenomenon is buoyed by the rise in the income of households. However, you need to consider that the competition from online retailers as well as discount department stores will continue to intensify.
Industry products are cheaper
The trend today is for workplace dresses becoming more relaxed. With this new development, women shopping stores begun to change their product mix and leaned towards casual clothing in order to meet the increasing demand of this particular clothing style. There are already several retailers who changed their existing assortments of merchandises in order to carry new and wider variety of fashion styles.
The blouses and tops represent the biggest product segment in the clothing store industry for women. Most women today own more tops compared to the number of pants, dresses and other pieces of clothe wear. Shirts are versatile garments to wear and are significantly still in demand.