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Learn moreFeb 2021
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Apparel and footwear specialist retailers is one of the worst hit channels due to the pandemic in 2020. Since apparel and footwear is rather non-essential, local consumers easily forewent buying new products.
Various strategies were adopted by apparel and footwear specialist retailers to adapt to the dwindling demand in 2020. Global fast fashion giant H&M was forced to close all its stores in line with instructions from the local and national governments in the Philippines.
Due to the pandemic and mandated lockdown, apparel and footwear specialist retailers also shifted their resources towards e-commerce, which made store-based sales decline even steeper in 2020. However, despite the boom in e-commerce sales in 2020, they were not enough to offset the losses in 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 Philippines 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 Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Clothing and Footwear Specialist Retailers in Philippines 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.