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Fashion Market, Romania, 2003 - 2013Published by: InterBiz Group SRL Published: Oct. 16, 2007 - 107 Pages Table of Contents
AbstractOverviewAccording to InterBiz Group research, clothing manufacturing declined over the last three years, accounting for 3.3% of total manufacturing in 2006, but fashion retailing show significant changes. Between 2003 and 2007, the retailing of non-food products registered an annual growth rate of 22.4%, being the lowest rate on domestic retail market. Clothing market weighted 12.5% of non-food domestic retail and registers a CAGR of 17% during 2003 - 2007. Women’s wear is the leading sector of the clothing market. In 2006, women’s wear sales account for almost 60% of total fashion market. The low price segment, with a market share of 35%, continues to dominate, but decreasing in the last two years. Retailing trends Over the last 3 years, number of small outlets (<100 sq.m.) decreased by 13,900 units, while hypermarkets (>10,000 sq.m.) increased by 32 units. Small shops are moving to shopping centers (malls) or commercial galleries and bigger outlets replace the old store format (120 - 1,000 sq.m.). According to developer’s announcement, in 2011, Romania will have ~ 3.75 mln. sq.m. of letable spaces in shopping centers, 5 times more than now. Forecast Consumers in the UK, Austria and Italy are the biggest spenders on clothing in the EU, ten times more than Romanians. For the next six years, InterBiz Group estimates CAGR of 12% for overall women’s and men’s clothing market. A higher trend is expected for women’s fashion market (+13% / year), while men’s fashion will grow by 11% / year. Shopping center projects will bring more international fashion brands and competition will became harsher. Already new arrivals were announced: Peek & Cloppenburg, Baltika, Next, Stradivarius, Bershka, Oysho, Oviesse, Hervis, New Yorker. Main losers will be domestic brands or non-branded products. Get Full Details About This Report >> |
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