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Learn moreFeb 2021
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After seeing slow and steady current value growth for most of the review period, apparel and footwear specialist retailers saw sales plummet in 2020, and in fact was one of the retail channels most negatively impacted by the COVID-19 pandemic. The lockdown implemented to try and halt the spread of the virus in the first half of the year meant non-essential stores such as apparel and footwear specialist retailers had to close for several weeks, which resulted in major losses for these retailers.
The poor trading conditions in 2020 due to COVID-19 led some players to leave the market. For instance, the retailers Nine West, Dolce & Gabbana and All About Shoes closed their only stores in Greece in 2020 due to low historical sales and concerns about the future, with slow recovery expected due to the lingering economic impact of the pandemic.
Big multinational chains remained the main players in apparel and footwear specialist retailers in 2020, having established strong positions in the Greek market and with the capital to survive in such a difficult environment. Zara maintained its leading position in value terms in 2020, and even managed to increase its share, although like all other players in this channel saw a decline in its actual store-based sales.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Clothing and Footwear Specialist Retailers industry in Greece with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Clothing and Footwear Specialist Retailers industry in Greece, our research will save you time and money while empowering you to make informed, profitable decisions.
The Clothing and Footwear Specialist Retailers in Greece market research report includes:
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This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.