The apparel and footwear specialists channel is expected to continue to grow in the forecast period, but at moderate levels, with the growth rate declining slightly as the years go by. Since October 2022, the elimination of mandatory use of masks inside closed spaces and of showing proof of complete vaccination, in addition to the fact that retailers can now operate without capacity restrictions or limited hours, has provided the opportunity to receive more clients in the facilities of the stores.
The opening of new stores will also contribute to the growth of apparel and footwear specialists. In this sense, various players in the channel are displaying cautious behaviour, carrying out a careful evaluation of each new store opening, analysing the most suitable locations to ensure the necessary profitability, and even constantly evaluating the stores that they are operating in order to make the decision to close those that are not profitable.
Younger consumers offer new opportunities for the development of new markets, since many of them have interests that are different from their older counterparts, which include interest in environmental care, sustainable consumption, little attachment to owning products and concern about consuming products that have been manufactured under unfair working conditions. Although in Peru this trend is not as noticeable as in other more developed countries, it is still an aspect to consider and include in the value propositions of brands.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Peru 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 Peru, 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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