PROSPECTS AND OPPORTUNITIES
Apparel and footwear specialists will need to adapt to the evolving market landscape
The outlook for apparel and footwear specialists is bleak with the channel projected to see a further decline in value terms (at constant 2024 prices) which is likely to lead to more outlet closures. With the fashion market stagnating, players may be forced to expand into sports, childrenswear, homewares, and beauty products to stay competitive and to remain relevant.
Further outlet closures anticipated as companies strive for efficiencies
The number of apparel and footwear specialists outlets is expected to continue decreasing over the forecast period. Aside from declining sales, this is also linked to the growing emphasis on digital transformation and automation to drive efficiency and profitability.
Sustainability concerns likely to dictate company strategies
The future of the fashion industry is becoming increasingly focused on sustainability and the circular economy. Brands are therefore adopting eco-friendly practices from using recycled materials to promoting the reuse and repurposing of garments.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Denmark 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 Denmark, 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 Denmark 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 Denmark?
- Which are the leading retailers in Apparel and Footwear Specialists in Denmark?
- 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 Denmark - Category analysis
KEY DATA FINDINGS
Challenging economy puts pressure on sales
H&M leads but most players face difficulties in 2024
Players investing in e-commerce to remain competitive
Apparel and footwear specialists will need to adapt to the evolving market landscape
Further outlet closures anticipated as companies strive for efficiencies
Sustainability concerns likely to dictate company strategies
Retail in Denmark - Industry Overview
Retail in 2024: The big picture
Grocery retailers seeing changes as they fight to remain competitive
Retailers focus on domestic sport sponsorship deals to boost sales
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Summer clothing
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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