Apparel and footwear specialists will see a gradual recovery during the forecast period, although current value sales (constant 2022 prices) are not expected to exceed pre-pandemic levels until 2025. With inflationary pressures set to prevail, in the short term at least, this will have a negative effect on the discretionary spending of many local consumers, particularly those on lower incomes.
With younger consumers, in particular, increasingly comfortable with shopping online, the shift towards online sales that occurred in the wake of the pandemic will continue over the forecast period, albeit at a slower rate than during the five years to 2027. Apparel and footwear specialists with no e-commerce presence are expected to invest in expanding into this channel, going forward.
Garment rental represents an opportunity of growth in the Mexican market during the forecast period, alongside a growing awareness of the impact of fast fashion on the environment. Some large department stores are already exploring this strategy, especially when it comes to clothing for special occasions and social events.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Mexico 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 Mexico, 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 DefinitionsThis report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!