PROSPECTS AND OPPORTUNITIES
Future performance is contingent on prevailing economic circumstances
Apparel and footwear specialists are expected to witness a gradual recovery in terms of outlet numbers and sales growth over the forecast period, with higher consumer confidence playing a pivotal role in its recovery. As economic conditions improve, manufacturers will still face the challenge of managing elevated inventory levels.
Hard discounter launches limited edition clothing line
The hard discounter D1 is testing the water with its new apparel line in Colombia. Private label continues its upward trend but has a limited presence in apparel due to high levels of fragmentation.
Apparel and footwear specialists expected to invest in digitalisation and AI
As digital engagement continues to evolve, it is expected to play a pivotal role in shaping the future of apparel and footwear specialists, particularly through its ability to reach and resonate with younger consumers. Artextil has been a pioneer in the use of Artificial Intelligence, used in the design and development of fashion collections.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading retailers in Apparel and Footwear Specialists in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Channel experiences modest sales amid cost-of-living crisis
Specialists feel pressure from emerging hypermarket private label lines
Shein makes a bold entrance into the Colombian market with e-commerce
Future performance is contingent on prevailing economic circumstances
Hard discounter launches limited edition clothing line
Apparel and footwear specialists expected to invest in digitalisation and AI
Retail in Colombia - Industry Overview
Retail in 2024: The big picture
Discounters continue expansion to post strong performance
Blending online and offline shopping experiences
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Hot Sale
Back to School
Severance Savings
Valentine’s Day
Women’s Day
Holy Week
Mother’s Day
Father’s Day
Holiday
Primas Payment (extra-legal salary)
Love and Friendship Day
Halloween
Black Friday
Cyber Monday
Christmas and New Year
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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