Secondary Data Exercise (Business & Marketing Research Paper)

Secondary Data Exercise
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Women’s Clothing Stores in U.S
Small industries have extensively witnessed competition over the years, especially in companies such as NAICS who deal with the manufacture of women’s apparel. External factors such as disposable income, number of consumers, legal procedures, and competition from other industries. According to the data, industrial competition is continuously growing and thus hinder industrial revenue (Claire, 2020). Despite the challenges, the NAICS Company has made a profit of $883.8M and an annual growth of -17% from 2015 to 2020. The employment growth has declined by -0.9% from 2015-2020 due to the concentration of the company in metropolitan areas (Claire, 2020). Also, the company was faced with many threats, such as low revenue growth between 2005 and 2020.
Due to factors like stiff competition, most industries exited niche at a rate of 1.1%. Profit margins dropped due to price-based competition a...