Over the forecast period, apparel and footwear specialists will likely continue declining both in terms of the number of outlets but also in retail value terms (at constant 2022 prices). The biggest challenge impacting sales will remain the growing competition from e-commerce, which is expected to continue recording strong growth over the forecast period.
The current difficult economic conditions alongside rising energy and operational costs are likely to have a long-lasting effect on the margins of retailers. Independent apparel and footwear specialists that offer specific types of clothing or footwear will likely find it more difficult to compete with the well-established larger chains which have deeper pockets and which can therefore invest in marketing, store renovations and new retailing concepts to help drive sales.
The use of digital technologies should continue to help apparel and footwear specialists in Switzerland to increase sales, improve operations, and enhance the customer experience. Many players have already developed online stores or have partnered with e-commerce platforms to sell their products online.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Switzerland 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 Switzerland, 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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