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Learn moreFeb 2021
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Alongside the decline in sales of footwear in 2020, hosiery, which includes socks, also recorded a dramatic reduction in retail current value sales as a result of the COVID-19 pandemic. This is primarily due to the national lockdown and social distancing measures in the Philippines, which left many consumers facing extended periods of home seclusion.
Hosiery was severely affected by the closure of schools in the Philippines in 2020. This was particularly noticeable when it came to sales of white socks, which are most commonly used by school children in the Philippines.
Second and third ranked hosiery brands Burlington and Darlington both lost value share in 2020, falling behind the brand leader Uniqlo as all companies in the category suffered reduced demand for hosiery during the COVID-19 crisis. Despite the growing presence of fashion brands in hosiery in response to soaring demand, these department store brands have maintained a strong position in the category due to their having huge stores offering a wide range of options, special promotions and convenience.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Hosiery industry in Philippines with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Hosiery industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Hosiery in Philippines market research report includes:
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This industry report originates from Passport, our Apparel and Footwear market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.