Demographic trends will remain a significant headwind for apparel and footwear specialist retailers during the forecast period. While the changing demographic profile of Bulgaria will influence the development of all retailing, it is likely to have an especially significant impact on apparel and footwear specialist retailers.
Over the forecast period, the number of apparel and footwear specialist retail outlets is set to continue to decline, although chained retailers will open new ones in high street locations and shopping malls across the country. Overall, the market is set to remain quite fragmented due to the presence of a great number of small, independently owned apparel and footwear shops.
Online ordering and delivery are set to continue to grow strongly over the forecast period as consumer demand is driven by the trend towards convenience and social media and internet technology allow for better presentation of the products sold online. The COVID-19 crisis was an important trigger for the development of logistical centres and distribution companies, which are now optimising their services to maintain their existence in the marketplace.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Bulgaria 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 Bulgaria, 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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