Inflation is now a hard reality, and the majority of value growth over the next few years is therefore expected to be driven by price rises rather than increasing volume sales. Households are less likely to reduce their consumption of non-discretionary goods and services, such as food, fuel, housing and health, which will place significant pressure on other areas of spending, such as apparel and footwear.
Growth is expected for apparel and footwear e-commerce in the forecast period. It will be important for retailers to not only offer digital solutions, but also various supporting capabilities, such as improved distribution centres, features and strategies such as live chat, chatbot, opt-in pop-up offers, partnering with loyalty programmes, content marketing, and seasonal sales events, to ensure they remain competitive in the ever-maturing e-commerce landscape.
Australia has an addiction to fast fashion, resulting in a large amount of clothing and textiles, which typically ends up in landfill. It is such an issue that the Australian Fashion Council (AFC) was awarded a grant to help address fast fashion waste.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel and Footwear Specialists industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Apparel and footwear specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: clothing, footwear, and/or fashion accessories (costume jewellery, sunglasses, belts, hats, gloves, handbags, scarves, etc.). Apparel specialists include specialty apparel like wedding dress shops. Example brands include Primark, TJ Maxx, and Zara. Sportswear retailers, such as Adidas and Nike, are excluded from this channel and are included in Sports Goods Stores; this is due to the companies considering themselves sports companies as opposed to apparel companies.See All of Our Definitions
This report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
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