Fast fashion is sailing the high seas, according to industry reports.
Audit, tax and advisory firm BDO have released a report analysing the revenue growth of 85 Australian retail sub-sectors and the results are looking good for fashion giants.
The report has identified the 20 highest (sailors), two low-growth but stable (swimmers) and 10 poorest (sinkers) performers across the sub-sectors.
While online household furniture took the top winnings for growth at 20.1 percent, fast fashion scored a huge win as the only bricks-and-mortar retailers to place in the sailor rankings at 12.5 per cent.
In other areas of apparel, e-commerce smashed bricks-and-mortar in the race for sales growth in 2015.
Online retailers across the board made it into the top 20 for revenue increase with: sportswear at 16.3 per cent; men's clothing at 13.8 per cent; jewellery and watches at 12.7 per cent; women's clothing at 12.7 per cent; handbag and luggage at 12.1 per cent; and shoes at 11.3 per cent.
It's not all good news though.
BDO partner and retail specialist, John Bresolin, warns that sales are set to slow.
"Sector-wide, a slowing down of revenue growth could be due to a combination of consumer confidence influences, from policy uncertainty surrounding university fees and GP co-payments, to budget announcements and the decreasing Australian dollar, meaning people may be holding onto their money a bit tighter than previous years.
"The lower dollar, for example, might deliver to Australian retailers a short-term sales spike as overseas purchases become less attractive to consumers, however if local retailers pass on the higher costs of purchasing foreign-made stock to customers, they may see sales weaken again in the future."