In 2020, apparel and footwear specialist retailers responded negatively to the COVID-19 pandemic. Outlets were closed for several months and as a result apparel and footwear specialists registered a double-digit value decline.
Apparel and footwear specialist retailers is a highly fragmented channel, and competition will remain intense in 2021 with a large number of local and multinational players present. However, the products area continued to be dominated by domestic apparel and footwear specialist retailers, although the vast majority of products on offer were imported.
In response to the COVID-19 pandemic and abrupt closure of outlets, e-commerce gathered pace throughout 2020. Many apparel and footwear specialist retailers that previously had no online presence quickly adapted to the changing circumstances.
Over the forecast period, apparel and footwear specialists will perform well, however, its performance will largely depend on the recovery and speed of the economy. Nonetheless, growth will be driven by the rising number of shopping centres in the country, which provide a modern retailing experience, with trained staff and aesthetically-pleasing store designs.
In 2022 and beyond, apparel and footwear specialist retailers will continue to face significant competition from bazaars and open markets, which sell apparel and footwear in Algeria. This is because these markets provide a wide range of goods and brands, as well as low prices, which are strongly demanded by increasingly price sensitive consumers who usually visit bazaars to save money, given especially the declining purchasing power of Algerians since the outbreak of COVID-19.
Over the forecast period, e-commerce will continue to challenge store-based retailers, especially after it rose to popularity amid the pandemic. As a result, e-commerce is likely to hamper growth in the channel over the forecast period.
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Apparel and footwear specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: clothing, footwear, and/or fashion accessories (costume jewellery, sunglasses, belts, hats, gloves, handbags, scarves, etc.). Apparel specialists include specialty apparel like wedding dress shops. Example brands include Primark, TJ Maxx, and Zara. Sportswear retailers, such as Adidas and Nike, are excluded from this channel and are included in Sports Goods Stores; this is due to the companies considering themselves sports companies as opposed to apparel companies.See All of Our Definitions
This report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
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