Over the forecast period, apparel and footwear specialists is set to see the resumption of its long-standing downwards trend in terms of number of outlets, sales area, and value sales, after seeing a temporary rebound in sales in 2022, which is likely to continue, although to a lesser extent, in 2023. This is because the channel will face elevated pressure from persistent inflation in Germany and low consumer confidence, as economic uncertainty will continue to reduce demand for non-essential items.
In view of the number of challenges that apparel and footwear specialists is expected to face over the forecast period, the risk of major insolvencies is expected to increase significantly. This is because for several years, the challenging operating environment has made apparel and footwear specialists increasingly vulnerable, particularly due to the growing influence of e-commerce.
Over the forecast period, apparel and footwear specialists will face growing pressure from lower foot traffic in Germany’s inner cities. While this challenge has already grown over several years due to the rise of e-commerce, it is expected to accelerate going forward, due to the growing number of closures, not only amongst apparel and footwear specialists, but amongst store-based retailers in inner cities more broadly.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Germany 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 Germany, 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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