The channel started to rebound from the restrictions on business during the Coronavirus (COVID-19) pandemic in 2020, which saw a sharp drop in retail current value sales. While strong growth was posted in 2021, overall retail value sales remained below the 2019 level.
The Adidas Action 5.8 store opened its doors to all visitors at Delta Planet Banja Luka in August 2021.
H&M Hennes & Mauritz AB (H&M), one of the world's leading fashion companies, promoted as a retailer of fashion and quality at affordable prices in a sustainable manner, started operations in Bosnia and Herzegovina with the opening of a store in Banja Luka in March 2019. H&M also announced the opening of stores in Tuzla in autumn 2021 in the Bingo City Center.
Over the forecast period, driven by stable consumer demand by younger consumers, apparel and footwear specialist retailers is set to achieve largely moderate retail value (constant 2021 prices) growth. The value CAGR performance at constant 2021 prices is predicted to improve on the review period CAGR.
The success of large international apparel and footwear specialist retailers and their brands is expected to cannibalise a significant number of smaller stores. This became evident during the COVID-19 crisis, when many small enterprises faced financial difficulties due to lockdowns and limited operations, including with regard to opening times and capacities.
Strategies aimed at creating zero waste shoes and apparel will increasingly dominate apparel and footwear, and retailers will embrace this latest global trend. The existing Make-Use-Dispose lifecycle of standard apparel and footwear products is responsible for a considerable amount of the waste, pollution and CO2 emissions, which negatively impact the environment.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Bosnia and Herzegovina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel and Footwear Specialists industry in Bosnia and Herzegovina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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