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.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Dominican Republic 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 Dominican Republic, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!