|
|
 |
|
Viewing report
|
|
|
|
Sportswear Retailing in China 2010: A Market Analysis
Access Asia Ltd, Oct 2010, Pages: 76
This report covers the sportswear retailing industry in the People's Republic of China. The report includes coverage of all significant sportswear retail outlet formats, including department stores, stand-alone and branded fashion chains. Also covered are the sales of sportswear by sector.
This new report includes:
- Total apparel, sportswear and department store sales and outlets to 2010;
- Retail sales of the total and broad sectoral sportswear market to 2010;
- Online sportswear retailing market size and consumer trends;
- Statistical data on leading retailer market shares by sales in China up to 2009;
- Market data for each key provincial and urban region, in terms both of volume retail trade and the value of the local economy, up to 2009;
- Value forecast retail market, up to 2015;
- Key current issues, and discursive analysis of the key factors affecting the market;
- Profiles of the 12 leading sportswear retail companies active in China, with financial data up to 2009 in most cases.
- Key demographic data, including detailed age group and by habitation and province.
The total sportswear retail market is estimated to reach a value of RMB124.20bn by the end of 2010. Retail sales value increased by 254% between 2004 and 2010.
Per capita sportswear items sales grew by 233.2% between 2004 and 2010 thanks to increased spending power across a wider section of the population, in turn thanks to strong increases in average wages. However, volume sales have surpassed value sales due to retail price weakness, with average prices declining by almost 10% across the 2004 to 2010 period.
The weakness of retail prices, caused by intense competition (particularly in the mass market), continues to put pressure on retailer's margins, forcing them to improve operational efficiency and to market more heavily in order to increase store footfall and raise purchasing rates.
The strong levels of competition in the tier-1 and -2 cities is driving retailers to up their plans for regional expansion, ranging from modest, selective targeting to some retailers forecasting very rapid outlet expansion over a short period of time. As well as new stores, there is a steady stream of new foreign and domestic brands adding to the competitive frenzy. Smaller, successful brands and chains will likely become targets for increased mergers and acquisitions activity in a market that will need to begin consolidation.
China's consumers are increasingly wealthy, but they are also very price conscious. A strong sense of value for money does not automatically mean they prefer cheap, and they tend to be willing to pay more for better quality. The rapid growth of the Chinese economy means that things change fast, including fashion trends, and this means that Chinese consumers are very fickle about fashion. Already, sportswear has peaked (from a high point in 2008/09, in the wake of the Beijing Olympics) and outdoor wear is increasingly the sector where growth is accumulating.
Younger men tend to be the key consumer group for sportswear, and increasingly all consumers are using internet shopping, if not to actually make purchases, then at least to browse for competitive prices and make price comparisons between competing brands.
The future market looks set for continued steady growth, helped by continued average wage increases, as well as the emergence of significant consumption within rural communities, and the continued rapid urbanisation of the Chinese population. The latter factor is helping to increase urban population concentration, bringing more people closer to more retail outlets, raising footfall and purchasing frequency. However, retail price weakness will continue to be a problem, thanks to strong competition in all sectors.
This report forecasts that the total market value will grow to approximately RMB184bn in 2015, up from RMB135bn in 2011, in constant 2010 price terms. Outdoor wear will continue to be the strongest growth sector of the market, increasing by about 46% between 2011 and 2015, with outdoor footwear being the fastest growth sector within this, rising by about 48% over the same period.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Fashion & Apparel Retailing in China 2010: A Market Analysis
Retailing in China: A Market Analysis 2010
OTC Pharmaceuticals & Pharmacy Retailing in China 2010: A Market Analysis
Supermarket & Hypermarket Retailing In China 2011: A Market Analysis
China Retail Industry Report, 2010-2011
China Retail Industry Report, 2010-2011
Convenience Store Retailing in China 2010: A Market Analysis
Department Store Retailing in China 2009
Online Retailing in China 2011: A Market Analysis
Analysis of Apparel Retail Market in China 2008
|
|
|
|
