Mitsui Shopping Park LaLaport and Malaysia Grand Bazzar in Bukit Bintang were both completed in 2022, which together created a combined lettable retail space of one-million square feet in Klang Valley. There were also four more new shopping centres and retail spaces which were scheduled for completion by the end of 2022.
Driven in part by the effects of the pandemic period in Malaysia, there are now more consumers accustomed to shopping online and who recognise the convenience, affordability and rewards of online shopping. Merchants are also benefitting from lower operating costs and round-the-clock sales opportunities.
Membership programmes are seen as a popular way for retailers (especially in the competitive field of apparel and footwear) to communicate their brand value, enhance the customer experience, expand their customer base, retain customers, as well as to obtain customer data for data analytics which can later be used in making strategic business decisions thereafter. For example, H&M jumped on the bandwagon by launching its membership programme in July 2022.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Malaysia 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 Malaysia, 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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