Australia's Apparel Industry Analysis Research Paper

Australia's Apparel Industry Analysis - Research Paper Example The Australian apparel industry can be classified into menswear and womenswear market. In the menswear segment the total revenues in 2008 was $3524.4 million. The compounded annual growth rate (CAGR) during the period 2004-2008 was 3.9%. The total revenue generated by the apparel retail industry of Australia in 2008 was $12.8 billion with a compounded annual growth rate (CAGR) of 5.4% during the period 2004 to 2008 (researchandmarkets, n.d.). The total number of apparel retailers in 2001 was 10,673 and they were distributed across Australia unequally depending on population density. The apparel retailers were mainly located in key cities like Sydney, Perth, Brisbane and Melbourne. Victoria and New South Wales account for more than 80% turnover in in the textile, clothing and footwear segment (Ahern, 2004). Designer Wears: Australian designers are very well updated of the latest fashion trends in Europe, US and the local trends in Australia. They produce quality fashion products at competitive prices and some of them are also able to compete with international players. Designer wear particularly from Italy are highly respected and accepted by the Australians. Products from Italy usually cater to the premium segment since they are priced high and mainly include high end leather wears. The Australian apparel market like other western markets is highly fragmented or segmented. The segmentation is not only based on income but also on gender, body type, age and aesthetic preference. This result in the market being broken up into small national markets based on lifestyle. Moreover compared to other western countries Australians spend less on apparel because of the moderate climate and their casual lifestyle. Australians spend a large portion of their income on housing, communication equipment and transportation. The price reductions prompted by trade liberalization has reduced the share of apparels in household expenditure considerably in the past ten

Presidential candidates Essay Example | Topics and Well Written Essays - 1250 words

Presidential candidates - Essay Example As a way of reversing this trend, each of the two presidential candidates have come up with different policies of propelling the country forward through the restoration of the economy and subsequent creation of jobs. President Barrack Obama and his Republican adversary Mitt Romney hold different positions on the economy of the United States. Obama looks forward to rescind the Bush cut tax for households that receive more than $250,000 and lowering the manufacturing industry taxes. His short-term economic goal includes initiating stimulus expenditure and cutting taxes for economic growth. In the long term, he hopes to cut expenditure and consequently increase taxes on the wealthy. This will help to trim down the deficits (AARP Bulletin, 2012). On his part, Mitt Romney looks forward to retaining the tax cuts associated with former president George W. Bush. He also intends to lower by 25 per cent the rate of taxes in all sectors. Additionally, Romney will also reduce expenditure on discretion that are not related to security by 5 per cent in a bid to trim down deficits. The Republican candidate hopes to cut and initiating regulations that will encourage business growth ( AARP Bulletin, 2012). President Obama supports the 2010 health care bill that he signed into law. He consequently advocates for the safeguard of patients from rascal insurance companies. He will allow the coverage for the currently prevailing conditions and ensure that insurers do not falter or dope patients whenever they fall sick. Individuals are required to purchase health care insurance or accrue a fine. However, employers on behalf of employees should do the purchase of the health care insurance. On his part, Romney holds a different view. According to him, citizens should buy their own health care insurance instead of doing it using their employers. Besides, the health care insurance policy should not be uniform across the states. Individual states should