Having plunged by more than a third during 2020 due to a combination of disruption arising from the pandemic and the economic shock that it engendered, retail constant value sales (2021 prices) of apparel and footwear specialist retailers rebounded only partially during 2021. Despite plunging sales, the number of apparel and footwear specialist retail outlets declined only marginally during 2020, before rebounding partially in 2021.
There were two important acquisitions among apparel and footwear specialist retailers during the latter part of the review period. The first was Grupo Axo SAPI de CV’s acquisition of C&A México S de RL in February 2020.
Apparel and footwear specialist retailer Mango opened a new distribution centre in 2020 to better serve customers through its e-commerce platform. The main reason for the distribution centre is that the company wanted to have greater control of its e-commerce operations.
The constant value sales of apparel and footwear specialist retailers will gradually recover but will only return to their pre-pandemic peak at the very end of the forecast period. With younger consumers in particular increasingly comfortable shopping online, the shift towards online sales that occurred in the wake of the pandemic appears set to be a permanent one.
Largely as a result of the growth of e-commerce, the rate of new apparel and footwear specialist store openings is set to slow during the forecast period. However, store-in-store outlets are likely to proliferate – particularly in department stores.
Apps like Portèlo, which operates a marketplace for used apparel and footwear, are set to grow in popularity with local consumers during the forecast period, slowing growth in demand for new products somewhat. Founded in 2019, this app’s creators claim that it had user growth of some 1,300% during 2021.
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Understand the latest market trends and future growth opportunities for the Clothing and Footwear Specialist Retailers industry in Mexico 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 DefinitionsThis report originates from Passport, our Clothing and Footwear Specialist Retailers research and analysis database.
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