More emphasis is starting to be placed on improving loyalty programmes, where loyalty price discounts and loyalty cards will play an increasingly prominent role. This will stem from fierce competition from retail e-commerce, where players, such as AboutYou, offer fast delivery times, free gift vouchers or additional discounts for future shopping, free delivery and free product returns.
Fierce competition among retailers will mean that unit price growth within apparel will not be as steep as some other categories, especially grocery retailers. This will be connected to the fact that consumers will spend more of their budgets on essential products and services, leaving them with less money for apparel and footwear products.
More consumers will be forced to seek out second-hand apparel, as they attempt to save money, especially if the period of high inflation is prolonged. This will incentivise second-hand chained retailers, such as Kilovka or Textile House to move into new territories, including city centres.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Slovakia 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 Slovakia, 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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