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Learn moreFeb 2020
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Apparel and footwear specialist retailing was one of the most dynamic non-grocery channels over the review period, however, in 2019 the area has experienced a slight decline in growth. The competitive landscape suffers from being fragmented, as well as highly sensitive to slowing economic growth.
In 2019, there was an exceptionally strong demand for affordable clothing, and growth in used clothing sales continued. Over half of the population in 2019, stated they preference branded stores, but a quarter of consumers stated they preference second-hand sales – a huge threat to fashion retailers.
Growing e-commerce, including cross-border shops, both intensifies competition and offers an option for multi-channel sales without expanding chains of physical stores. Apparel and footwear are among the most popular purchased online; bringing opportunities for all key players to develop into the online space.
Second-placed player Apranga SIA, came in just underneath H&M Hennes & Mauritz AB in 2019.
Several new shopping centres opened in 2019, including Akropolis and furbished Alfa, which has expanded the pool of brands available to local shoppers. Players stores such as Oysho, VAN GRAAF, USC, Deichmann and Black Star Wear all opened for the first time in 2019.
Over the review period, Pepco, a European discounter chain offering apparel and household products, opened its first outlet in Latvia in the capital Riga. Pepco has announced plans to grow its presence in the country to 30 outlets by 2020.
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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 Latvia 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 Latvia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Clothing and Footwear Specialist Retailers in Latvia market research report includes:
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Why buy this report?
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.