Women's Clothing Stores in Illinois
The Women's Clothing Stores industry in Illinois has experienced challenges over the past five years. Due to declining mall traffic and competition from thriving superstore retailers, industry revenue is expected to fall over the five years to 2017. Price competition between operators and the growing dominance of e-commerce has depleted demand from industry stores. Despite per capita disposable income in Illinois increasing more rapidly than the national level, state industry-specific revenue is expected to decline more rapidly than what is expected at the national level.
Over the five years to 2022, industry revenue is expected to decline further. Industry competition is expected to rise as more enterprises enter the industry and internet sales continue to gain an edge in women's clothing. Many companies that were traditionally store-only businesses have responded to external competition by opening online stores that complement their brick-and-mortar establishments and attracting more customers through social media. The rise of mobile technology is expected to sustain this trend in the future. As consumers experience better financial conditions that favor nonessential purchases, revenue growth for a few existing industry players is expected to continue.
This industry comprises establishments that specialize in women’s wear, including misses’, juniors’, plus-size and maternity clothing. Operators in this industry undertake sales and administrative activities, such as customer service, advertising and cash handling. Some stores also offer basic alteration services on-site.
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.