This report covers the worldwide market for clothing and accessories stores. The study also includes employment data and productivity in different countries. The report also includes the country-level growth rates of the industry. To help you better understand the market, the following statistics are provided:
Market size
The report covers the clothing and accessories store market in the countries such as Argentina, Brazil, Canada, Chile, China, Colombia, Egypt, Germany, India, Japan, the Netherlands, and Western Europe. It also covers the emerging markets such as China, Brazil, and India. It also offers a regional breakdown by country. In the United States, the market is larger than in Europe. In Asia Pacific, the market is even larger.
The market growth of this segment is expected to be fueled by increasing consumer spending power and the availability of infrastructural facilities. According to the U.S. Department of Commerce, the number of apparel and accessory stores increased by 8% in 2016. However, the cost of fashion accessories is likely to restrain the growth of the market in the near future. So, the clothing and accessories store market is expected to grow by 6.8% CAGR in the coming years.
Employment
The employment outlook for this field is positive. It is predicted that the number of jobs in the sector will increase by two percent over the next decade. Despite the increased use of online stores and the decline in brick-and-mortar stores, many consumers still prefer to buy their clothing in a brick-and-mortar store. For this reason, retailers may increase their emphasis on customer service and hire more employees. However, turnover is high in this field.
There are many types of jobs available in this industry. Most of them are sales positions and do not require any formal education. As a result, many people start out with this line of work as a part-time job. The pay is low, but there are often many openings for part-time positions. There are a number of benefits to working in a clothing and accessory store. Here are just some of the reasons why employment in this field is a great choice for many people.
Productivity
The retail trade sector includes the clothing and apparel accessory stores subsector, which is responsible for selling merchandise at fixed points of sale. These stores usually have similar display equipment and employ staff knowledgeable about fashion trends and the proper match of customers and merchandise. There are a number of factors affecting the productivity of clothing and accessories stores. Employment data for this sector is based on establishment surveys and employer surveys. It also includes projections for occupational employment change.
Countries covered by the industry
The worldwide apparel market covers countries in both developed and developing economies. The top six apparel markets in Europe include France, Poland, Germany, Italy, the Netherlands, and Spain. All six are key consumers of apparel in Europe, and they also have significant exports to developed markets. Of the countries covered, Germany and Spain are particularly interesting because of their relatively high import prices. Germany is also the largest consumer of clothing in the EU, and Spain’s price growth over the last five years has facilitated the export of clothing.