Global market review of discount apparel retailing - forecasts to 2010 - 2005 edition
Released on = April 27, 2007, 4:50 am
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = The top 10 global discount retailers currently have combined total annual sales of around US$711bn, with value apparel retail sales expected to rise from US$146bn to US$204bn by 2010.
Press Release Body = The top 10 global discount retailers currently have combined total annual sales of around US$711bn, with value apparel retail sales expected to rise from US$146bn to US$204bn by 2010.
Consolidation and acquisitions are key components of this growth - particularly in emerging markets where larger global players are partnering with national companies, who offer cultural knowledge and loyalty but need the buying power, business acumen and sourcing networks of large companies.
Regardless of nation or class or other demographic or psychographic profiles, experts agree that consumers love a bargain. They love good quality brands at very low prices. This will continue to be the ultimate driver - discount stores are typically not as convenient, not as organised and not as merchandised as full-price counterpoints, but the distinguishing factor will always be price.
This exclusive report is the first study to cover this growing phenomenon in the clothing industry, containing forecast data along with key market trends, comparisons of major markets, global product trends and company profiles of the major players world-wide including Wal-Mart, H&M and Costco.
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