Apparel and footwear in 2024: The big picture
The market for apparel and footwear in Greece is set to register continued growth in retail volume terms in 2024, albeit at a slower rate than the previous three years. The period immediately following the pandemic saw a significant recovery in sales, driven by pent-up demand.
2024 key trends
The athleisure trend continues to flourish in Greece, highlighting a broader movement toward casual clothing and footwear. For example, brands like Adidas and Skechers have broadened their athleisure offerings, presenting stylish yet comfortable options suitable for both workouts and daily wear.
Competitive landscape
In the competitive landscape of apparel and footwear, fast fashion giants like Zara and H&M have had a successful year, drawing in price-sensitive consumers with limited disposable incomes. Adding to this dynamic, French affordable clothing brand Kiabi is preparing to enter the Greek market, joining a growing list of international fast-fashion labels that have recently made their debut in the country.
Retailing developments
In the evolving retail landscape, there has been a significant surge in demand for e-commerce, fuelled by compelling offers and price discounts that have successfully attracted consumers. As a result, many retailers are amplifying their discounting strategies to entice shoppers.
What next for apparel and footwear?
Sustainability is poised to remain a key focus in the apparel and footwear industry in Greece over the forecast period, although it will face ongoing challenges, particularly in terms of consumers’ willingness to pay premium prices for eco-friendly products. Nevertheless, concerns about sustainability and high price points are likely to drive a transformative shift in the fashion industry, with the second-hand clothing market emerging as a significant consumer trend.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear industry in Greece 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Childrenswear
- Apparel and Accessories
- Menswear
- Womenswear
- Jeans
- Hosiery
- Footwear
- Sportswear
If you're in the Apparel and Footwear industry in Greece, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel and Footwear in Greece report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel and Footwear in Greece?
- Which are the leading brands in Greece?
- How are products distributed in Greece?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel and Footwear in Greece?
- Where is future growth expected to be most dynamic?
Apparel and Footwear in Greece
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
Childrenswear in Greece
KEY DATA FINDINGS
Active lifestyles drive demand for comfortable, durable childrenswear
Fast-fashion brands continue to dominate childrenswear, due to its short lifecycle
Weakened purchasing power impacts sports brands
Expected rise in demand for local, sustainable alternatives to fast-fashion brands
Children’s swimwear represents untapped opportunity for homegrown brands
Further shift towards online channels, driven by demand for convenience
Apparel Accessories in Greece
KEY DATA FINDINGS
Apparel accessories see positive growth, in face of shifting consumer trends
Milder winters impact sales of gloves while scarves are seen as versatile accessory
Fast-fashion brands continue to dominate the accessories landscape
Fashion-conscious Gen Zs will boost accessories sales
Sluggish performance for ties, as casual wear takes centre stage
Slow growth for hats/caps amid economic pressures and seasonal limitations
Menswear in Greece
KEY DATA FINDINGS
Menswear market continues to expand, as Inditex brands offer on-trend designs at competitive prices
Global brands grow in popularity in men’s underwear despite strong competition from local players
Men’s swimwear continues to grow, supported by recovery of tourism
Athleisure brands set to grow in popularity as consumers prioritise comfort and mobility
Sustainable menswear will see further growth as consumers become more conscious about their fashion choices
E-commerce channel will witness growth as consumers increasingly prioritise convenience
Womenswear in Greece
KEY DATA FINDINGS
Local brands gain traction
Waning inflationary pressures and recovery of tourism boost growth in luxury market
Women’s underwear market remains dominated by large European players and fast-fashion brands
Casual and smart casual womenswear is on the rise as females shift away from formalwear
Sustainability-focused brands poised for growth as consumer awareness expands
Retail e-commerce will continue to gain traction, thanks to blend of convenience and competitive prices
Jeans in Greece
KEY DATA FINDINGS
Jeans benefit from shift away from formalwear
Fast-fashion brands gain ground, in light of shrinking disposable incomes
Rising prices pose challenge to standard jeans
Women will be key driving force behind improved sales volumes
Premium and super premium jeans will benefit from brand loyalty
E-commerce will serve the needs of price sensitive consumers
Hosiery in Greece
KEY DATA FINDINGS
Shift towards fashion-forward hosiery by younger demographics
Inflationary pressures shape consumer behaviour
Athleisure trend boosts sales
Sustainable options will gain ground
Seasonal limited edition collections could fuel sales
Expansion of e-commerce platforms represents key opportunity for hosiery brands
Footwear in Greece
KEY DATA FINDINGS
Greek men increasingly invest in durable, versatile footwear styles from top sportswear brands
Climate impact hampers growth in women's footwear
Parents prioritise versatility and value in children’s footwear
Flat performance for footwear as consumers prioritise essentials
Ancient Greek sandals set to make a comeback
Casual footwear and athleisure trends will drive demand for versatile footwear
Sportswear in Greece
KEY DATA FINDINGS
Sportswear sales continue to expand, boosted by growing demand for versatile, functional clothing
Adidas snatches leadership from Nike in sports footwear
International chains dominate retail landscape
Climatic conditions will play an important role in driving sales
Fast-fashion brands will drive growth
E-commerce will drive more competitive pricing
The following categories and subcategories are included:
Apparel and Footwear
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- Baby and Toddler Wear
- Boys' Apparel
- Girls' Apparel
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- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
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- Men's Nightwear
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- Economy Men's Jeans
- Standard Men's Jeans
- Premium Men's Jeans
- Super Premium Men's Jeans
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- Men's Jackets and Coats
- Men's Jumpers
- Men's Shirts
- Men's Shorts and Trousers
- Men's Suits
- Men's Tops
- Other Men's Outerwear
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- Men's Swimwear
- Men's Underwear
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- Women's Nightwear
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- Economy Women's Jeans
- Standard Women's Jeans
- Premium Women's Jeans
- Super Premium Women's Jeans
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- Women's Dresses
- Women's Jackets and Coats
- Women's Jumpers
- Women's Leggings
- Women's Shirts and Blouses
- Women's Shorts and Trousers
- Women's Skirts
- Women's Suits
- Women's Tops
- Other Women's Outerwear
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- Women's Swimwear
- Women's Underwear
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- Nightwear
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- Economy Jeans
- Standard Jeans
- Premium Jeans
- Super Premium Jeans
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- Dresses
- Jackets and Coats
- Jumpers
- Leggings
- Shirts and Blouses
- Shorts and Trousers
- Skirts
- Suits
- Tops
- Other Outerwear
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- Swimwear
- Underwear
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- Sheer Hosiery
- Non-Sheer Hosiery
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- Children's Footwear
- Men's Footwear
- Women's Footwear
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- Performance Apparel
- Outdoor Apparel
- Sports-inspired Apparel
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- Performance Footwear
- Outdoor Footwear
- Sports-inspired Footwear
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Apparel and Footwear
Apparel is the aggregation of clothing and footwear. This dataset covers retail sales of apparel through both store-based retailers and non-store retailers. Excludes black market sales (i.e. untaxed, generated within informal retailing)and duty free sales (travel retail). Items must be new when sold to the consumer; second-hand/used items are excluded. Antique and/or vintage clothing and footwear is also excluded.
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This report originates from Passport, our Apparel and Footwear research and analysis database.
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