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Cheap and Cheerful

This industry is anticipated to outperform the other retail industries, aided by falls in apparel prices due to the favorable impact of cheap Chinese imports. Low-income consumers are currently being under-served and discount retailers are set to benefit from this growth market. Industry participants will benefit from utilizing online shopping platforms to attract increased demand, both domestically and internationally.

This industry comprises establishments primarily engaged in retailing a general line of new clothing for men, women, and children, without specializing in sales for an individual gender or age group. These establishments may provide basic alterations, such as hemming, taking in or letting out seams, or lengthening or shortening sleeves. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.