PROSPECTS AND OPPORTUNITIES
Improving economic performance to boost spending on discretionary goods
With inflation starting to show signs of easing and potential interest rate reductions on the horizon, the economic situation in Australia is expected to improve over the forecast period. As a result, it is also likely that consumers will enjoy higher disposable incomes in the coming years to potentially increase their discretionary spending, including on goods such as apparel and footwear.
Shifting focus towards digitisation by apparel and footwear specialists
E-commerce in Australia offers further growth potential in the coming years as consumers value the convenience of shopping online. The cost-of-living crisis has also forced many Australians to be more cautious with their spending, and therefore online shopping allows them to compare prices and products between retailers with ease.
Tailoring business to capture sustainability-minded consumers
As local consumers become increasingly mindful of their impact on the environment, including the effects of their purchasing decisions, it will influence how businesses operate in the future. In terms of apparel and footwear, fast fashion has been a longtime concern, as some consumers buy new items more often than needed to stay updated with the latest trends.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Australia 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 Australia, 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 Specialists in Australia 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 Specialists in Australia?
- Which are the leading retailers in Apparel and Footwear Specialists in Australia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Apparel and Footwear Specialists in Australia - Category analysis
KEY DATA FINDINGS
Highly promotional retail environment impacts channel’s profits
Myer acquires apparel brands from Premier Investments
Mosaic Brands enters voluntary administration
Improving economic performance to boost spending on discretionary goods
Shifting focus towards digitisation by apparel and footwear specialists
Tailoring business to capture sustainability-minded consumers
Retail in Australia - Industry Overview
Retail in 2024: The big picture
Shifting trust among consumers and shrinkflation strategies
Industrial disputes at Australian ports drive up cost of imports
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
End of year/Christmas shopping
Back-to-school
DISCLAIMER
Apparel and Footwear Specialists
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 definitionsWhy buy this report?
- 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
This report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
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