PROSPECTS AND OPPORTUNITIES
Apparel and footwear specialists to continue on positive trajectory, but will face competition
Over the forecast period, apparel and footwear specialists is expected to continue on its growth trajectory, especially as new players enter the local market, highlighting that Chilean consumers are demanding of variety and quality. The effect of e-commerce will remain as one of the main competitors for the channel, particularly through ultra-fast fashion players such as Shein, as well as the growth of retailers such as department stores and hypermarkets.
Expansion of product lines key for apparel and footwear specialists
Offering a better product mix will increasingly become a key element to drive channel development and interaction with consumers over the forecast period. In this sense, activity by Zara and H&M to better position their beauty and personal care products should increase the attractiveness of the in-store shopping experience for Chilean consumers, especially as they are always searching for the latest fashionable offers.
Adapting to changing climate conditions will be important moving forward
Over the forecast period, Chile is expected to experience further changes to its weather patterns. Changing winter weather and hotter summers, moving from wet to extreme draught, means that Chileans need their apparel to be suitable for different seasons.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Chile 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 Chile, 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 Chile 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 Chile?
- Which are the leading retailers in Apparel and Footwear Specialists in Chile?
- 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 Chile - Category analysis
KEY DATA FINDINGS
Value sales of apparel and footwear specialists fully recover
Hennes & Mauritz strengthens leadership, while international brands look to enter the local market
Multitiendas Corona continues to struggle
Apparel and footwear specialists to continue on positive trajectory, but will face competition
Expansion of product lines key for apparel and footwear specialists
Adapting to changing climate conditions will be important moving forward
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence Day
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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