Category: Footwear
Footwear market research reports by Euromonitor International
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Apparel and Footwear Specialists in Hong Kong, China
Retail value sales through apparel and footwear specialists in Hong Kong experienced a decline in 2024 to remain below pre-pandemic levels, despite an uptick the previous year. An unstable economic landscape in Hong Kong, with salary freezes during the annual Policy Address, in addition to an announ ... Read More
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Apparel and Footwear Specialists in Portugal
Apparel and footwear specialists saw a steep slump in sales in Portugal in 2024, due to changing consumer behaviour. Specifically, consumers are noted to be spending more on experiences such as holidays and travel, and less so on products which they deem to be non-essential. Added to which, there is ... Read More
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Apparel and Footwear Specialists in Taiwan
One big story making waves in apparel and footwear specialists in Taiwan in 2024 is the fact that Chinese e-commerce giant Taobao has announced free shipping for purchases made in Taiwan, significantly enhancing the shopping experience for consumers looking for clothing options. This strategic move ... Read More
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Shein (Roadget Business) in Apparel and Footwear (World)
Since its rapid expansion in 2019, Roadget Business, parent company of Shein, has become the fifth largest global apparel and footwear company by 2024. However, growth has slowed due to market saturation, regulatory challenges and rising competition from China-based platforms such as Temu and TikTok ... Read More
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Apparel and Footwear Specialists in Vietnam
In 2024, Vietnam’s gross domestic product grows at a faster rate than in the previous year, yet apparel and footwear specialist retailers witnessed a pronounced shift in consumer attitudes. Many people are anxious about ongoing war conflicts that contribute to a fragile economic outlook, prompting t ... Read More
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Apparel and Footwear Specialists in New Zealand
While inflation started to slow in 2024, consumers were still grappling with higher costs of living, which negatively impacted consumer spending at apparel and footwear specialist stores. To manage higher living expenses, consumers traded down to cheaper alternatives for clothing and footwear and re ... Read More
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Apparel and Footwear Specialists in Chile
2024 was a year of recovery for most players in apparel and footwear specialists in Chile, with consumers increasing their spending in the channel after a slow 2023. With an easing of inflation during 2024 and greater access to credit, in addition to a colder winter that saw the arrival of rain acro ... Read More
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Apparel and Footwear Specialists in Turkey
Apparel and footwear specialists in Turkey recorded solid growth in 2024. Derimod is planning to increase the number of stores in Turkey to 100 by the end of 2025. The brand is not only expanding its store-based network in terms of number of outlets but has also announced its intention to increased ... Read More
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Apparel and Footwear Specialists in Hungary
Apparel and footwear specialists in Hungary showed an improved performance in current value growth terms in 2024. Trade picked up as confidence and purchasing power among consumers were strengthened by a significant reduction in inflation. The launch of new collections also helped to drive demand. I ... Read More
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Apparel and Footwear in Asia Pacific
A major slowdown in growth in China negatively impacted the overall apparel and footwear performance in Asia Pacific in 2024, with retail sales increasing at a much slower rate in real value terms in the region than a year earlier. Increasing polarisation, with mass and luxury brands doing well, but ... Read More
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Apparel and Footwear Specialists in Malaysia
Apparel and footwear specialists in Malaysia continued to post strong growth in retail current value sales and outlet numbers in 2024. The strong development plans for fast fashion brands helped to boost the growth performance of apparel and footwear specialists as a whole at the end of the review p ... Read More
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Apparel and Footwear Specialists in Thailand
Apparel and footwear specialists saw robust growth in current value terms in 2024. The rebound in tourism and consumers returning to more active lifestyles helped fuel demand. Other factors such as urbanisation and the enduring popularity of fast fashion retailers such as Uniqlo and H&M also support ... Read More
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Apparel and Footwear Specialists in the Philippines
Apparel and footwear specialists in the Philippines experienced robust growth in 2024, driven by increased mobility as consumers returned to their pre-pandemic shopping routines. The resurgence in office attendance spurred demand for professional attire, prompting retailers to cater to this trend. F ... Read More
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Footwear in South Africa
Footwear in South Africa recorded flat volume sales growth in 2024, with overall demand remaining below pre-pandemic levels. South Africans remained price-sensitive at the end of the review period, hindering stronger volume growth. Although there was some relief from loadshedding, alongside declinin ... Read More
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Apparel and Footwear in South Africa
2024 was a key year for South Africa due to national elections, which resulted in some political instability, consumer wariness, as well as a challenging economic environment. Therefore, local consumers continued to seek value and affordability as key purchasing factors. However, with the interest r ... Read More
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Top Five Trends in Apparel and Footwear
Uncertainty reigns across the fashion landscape as the industry continues to feel pressure on discretionary spending while grappling with geopolitical risks. However, rising demand from emerging markets, new technologies, intergenerational shifts and consumers’ growing preferences for experiences an ... Read More
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Apparel and Footwear Specialists in Romania
Apparel and footwear specialists registered modest current value growth in Romania in 2024, though constant vale sales fell. Though inflation eased, prices were still rising and this cut into profit margins. In addition, consumers remained price sensitive and this also dampened value sales. There wa ... Read More
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Apparel and Footwear Specialists in Colombia
Apparel and footwear specialists navigated a complex economic landscape in 2024. The year was marked by a series of financial challenges for businesses, most notably the cost-of-living crisis stemming from high interest rates and higher utility bills. Retailers were forced to close outlets in favor ... Read More
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Apparel and Footwear Specialists in Italy
2024 was another difficult year for apparel and footwear specialists in Italy, with declining sales in current value terms and only a slight increase in the number of outlets. The sales decline was caused in part by a slowdown in seasonal discount sales (eg January and July) and the delayed start of ... Read More
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Apparel and Footwear Specialists in Poland
The cautious approach of Polish consumers, coupled with a mild summer and autumn, dampened volume of apparel and footwear sales in 2024. Rising inflation, energy costs, and food prices have further reduced disposable incomes, leading to moderate spending on non-essential items like clothing and shoe ... Read More
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Apparel and Footwear Specialists in Sweden
Apparel and footwear specialists only managed to achieve sub-decimal value growth in Sweden in 2024. While the Swedish economy is showing signs of improvement, with lower inflation, growing real wages and improving consumer spending confidence, many Swedish consumers are re-thinking their spending o ... Read More
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Apparel and Footwear Specialists in Bulgaria
The apparel and footwear sector in Bulgaria experienced positive growth in 2024, supported by an improving economic outlook and higher purchasing power among consumers. With inflation stabilising and price increases remaining minimal compared to previous years, Bulgarian shoppers felt more confident ... Read More
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Apparel and Footwear Specialists in Canada
In 2024, apparel and footwear specialists in Canada registered double-digit retail current value growth, despite a drop in the number of outlets. Inflationary pressure on prices supported retail current value growth as players tried to maximise profit margins amid store network streamlines. Nonethel ... Read More
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Apparel and Footwear Specialists in Brazil
With the drop in the unemployment rate and a slight improvement in Brazilians’ per capita income, the sales of apparel and footwear specialists remained high in 2024, with little movement in current value sales, along with marginal growth in outlet numbers. This was despite strong competition from l ... Read More
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Apparel and Footwear Specialists in Argentina
In Argentina, prices in apparel and footwear specialist stores rose at rates well below general inflation in 2024. Even so, sales volumes saw a significant decline. Industry sources attribute this trend to the challenging economic environment. Additionally, several chains are facing serious financia ... Read More
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