Apparel and footwear were hugely impacted by the lockdowns in 2020, with outlets closed for much of the year, and consumers could only buy apparel and footwear online. In 2021, despite outlets opening up again, the picture was still bleak, with constant value sales falling.
Apparel and footwear is a fragmented, competitive landscape, with well over half of value sales from small independently owned retailers. The pandemic and the resultant economic fallout also led consumers to support local retailers as much as possible.
A growing trend that has been accelerated by the pandemic and looks to be here to stay is that clothing is becoming more casual. Even with society gradually opening up in 2021 and people returning to the office, there was still high demand for casual apparel as hybrid working between the office and home was commonplace and looks likely to continue over the forecast period.
Apparel and footwear will register healthy constant value growth over the forecast period. With society fully opened up, consumers will again invest in clothes as they want to look good when going to work and socialising.
E-commerce received a fuel infection from the lockdowns in 2020 and while value growth was not as high in 2021, it was still substantial. This healthy growth will continue over the forecast period, as players reap the benefits from the online infrastructure they put in place during the lockdowns and consumers increasingly feel more confident about online shopping, due to improved logistics, generous return policies and secure payment options.
Sustainable apparel will also gain value share. There will be increased use of sustainable raw materials such as organic cotton and recycled fibres, as well as the use of sustainable manufacturing processes and eco-friendly packaging.
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Understand the latest market trends and future growth opportunities for the Clothing and Footwear Specialist Retailers industry in Dominican Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Outlets specialising in the sale of all types of clothing, footwear, accessories such as costume jewellery, belts, handbags, hats and caps, hosiery or a combination of these (stores selling handbags only are included). This includes those stores that carry a combination of all products for either men or women or children and those that may specialise by either gender, age or product. Example brands include TJ Maxx, Primark, Gap, H&M, Zara, C&A, Uniqlo. This category excludes sports good outlets. Sports goods outlets are included in the leisure and personal goods sector. Brands such as Adidas, Nike are included within apparel and footwear specialist retailers as long as they offer sports apparel only (example: Niketown). Brands that offer both sports apparel and sport goods are excluded from apparel and footwear specialist retailers and included in sports goods stores.See All of Our Definitions
This report originates from Passport, our Clothing and Footwear Specialist Retailers research and analysis database.
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