Apparel and footwear specialists is expected to continue to gain growth momentum heading into the forecast period as consumers return to physical stores now that the country has reopened in the wake of the pandemic. However, the channel will continue to be outperformed by apparel and footwear e-commerce in growth terms, and therefore it is essential that retailers adopt an omnichannel strategy to expand consumer reach.
A greater shift towards retail e-commerce is anticipated during the forecast period, following on from trends witnessed during the pandemic. Many locals have become increasingly comfortable purchasing online since the pandemic and will continue to appreciate its convenience.
Fox Wizel Ltd retained its overall leadership of a fairly fragmented competitive landscape in 2022, a position it is likely to retain over the forecast period. The company offers a wide range of popular apparel brands for all ages including The Children's Place, American Eagle Outfitters, Yanga and Mango.
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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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