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Learn moreMar 2020
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After years of steady current value sales growth, apparel and footwear specialist retailers experienced a decline in value sales in 2019. According to industry sources, the profit margins of apparel and footwear specialist retailers are also declining with costs rising more rapidly than prices.
A further factor stifling the performance of the apparel and footwear specialist retailers channel in 2019 is the difficult tourist season in Uruguay, during which the number of international visitors has declined. In particular, currency fluctuations in Argentina convinced many travellers from that country to stay home rather than spend their holidays in Uruguay.
It is anticipated that the current sluggishness of the Uruguayan economy will shift over the forecast period with a return to sustained growth. In line with the improving economy, it is projected that the apparel and footwear specialist retailers channel will again see steady value sales growth and companies will recover their profit margins.
In 2019, Chic Parisien, with its popular Indian and Parisien brands, maintains the leadership position in the apparel and footwear specialist retailers channel that it has enjoyed for many years. In terms of value sales, the domestic retailer continues to surpass international companies that have entered Uruguay over recent years.
The international fast fashion brand H&M arrived in Uruguay at the end of 2018. One of the biggest retailers in apparel and footwear, H&M operates thousands of outlets worldwide.
In spite of the country’s current economic slowdown, Uruguay remains attractive to international players due to its longer-term potential. Many international companies, such as Gap and Only, have entered the country’s apparel and footwear specialist retailers channel in recent years, and other brands such as Top Shop are negotiating to enter the channel.
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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 Uruguay 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 Uruguay, our research will save you time and money while empowering you to make informed, profitable decisions.
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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.