Over the forecast period, apparel and footwear specialists will face both opportunities and challenges. On the one hand, consumers have re-embraced the ability to shop in-store for clothing and apparel, with the added advantage of being able to try things on to check fit and suitability before purchase.
Players will be more cautious about opening new physical outlets over the forecast period, as consumers are noted to be gradually changing their shopping habits and turning towards either online or omnichannel options. Indeed, in apparel and footwear, online platforms offer a huge range of choice with many attractive discounts and a wide global reach of brands available.
International chained apparel and footwear specialist retailers are predicted to increase their presence over the forecast period. Indeed, thanks to high demand for trendy global brands (particularly among higher-income, younger, urban consumers), international players are expected to develop their chained apparel and footwear specialist retailers for the Vietnamese retailing landscape.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Vietnam 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 Vietnam, 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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