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Learn moreMar 2020
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Apparel and footwear specialist retailers experienced slow sales growth in 2019. Among the numerous factors holding back growth in the category was the recent surge seen in the popularity of online shopping.
One particularly notable trend in apparel and footwear specialist retailers in 2019 was that growth in the number of outlets and the amount of retail selling space in the channel slowed down appreciably. The main reason for this noticeable slowdown is that operational overheads are increasing, notably the cost of renting retail space in shopping centres.
Apparel and footwear specialist retailers is expected to continue registering steady growth over the forecast period and one major reason for this is that the Malaysian government has announced initiatives to help alleviate the financial burden faced by the country’s bottom 40% income group. This is set to be achieved through fuel subsidies, the Bantuan Sara Hidup financial aid scheme and adjustments to the minimum wage.
At the end of the review period, Padini Holdings remained the leading player in apparel and footwear specialist retailers in Malaysia. The company is able to rely on the established reputation of its Padini retail brand and the wide range of products it offers, which are very much in keeping with the tastes of local consumers.
One area of apparel and footwear specialist retailers which remained unaffected by the slowdown in sales registered in the category towards the end of the review period was the designer apparel and footwear. This forms part of the wider positive sales trend being seen in luxury goods.
Several of Malaysia’s leading online fashion retailers have recently expanded from e-commerce to launch bricks-and-mortar shops in a bid to establish a strong position as multi-channel retailers. These players include dUCk and Love and Bonito, with the latter of these operating seven outlets across Malaysia by the end of the review period.
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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 Malaysia 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 Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Clothing and Footwear Specialist Retailers in Malaysia 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.