The prospects for apparel and footwear specialists are set to be disappointing over the forecast period, with a year of current value decline expected in 2023, and a return to minimal growth for the rest of the forecast period. Mainly due to the strong competition from e-commerce, a return to the pre-pandemic level of value sales is only expected in the last year of the forecast period.
Sustainability remains a major trend within apparel and footwear, with customers becoming increasingly discerning about environmental issues and how their purchases affect the world around them. Globally, the garment industry is known to be poor in this regard, creating a lot of waste and lack a circular economy.
With the digital revolution putting pressure on store-based brands, it is highly probable that the rationalisation of outlets will continue. As such, outlet numbers in apparel and footwear specialists are set to continue to fall in the coming years.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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