The rebound to value growth in 2022 was not sufficient to overcome the losses generated by the major decline in sales in apparel and footwear specialists in 2020 and 2021; furthermore, full recovery is not expected at any point in the forecast period. High inflation and economic uncertainty are expected to continue to hamper growth moving into the forecast period, as people’s COVID-19 savings start to dwindle or dry up, and Spaniards start to tighten their purse strings as a consequence.
Even though omnichannel is a trend that has been talked about a lot in the past, it is still relevant for retailers, which are looking to adapt to the new post-COVID conditions. Customers place real value on omnichannel experiences, as they offer them the products or services they need when and where they need them.
Although it is expected that fast fashion will remain popular during the forecast period, a growing number of young people are turning away from it due to sustainability concerns. The COVID-19 pandemic accelerated existing consumption trends, such as locally sourced and produced, sustainable/fair trade, organic, and recyclable.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Spain 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 Spain, 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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