PROSPECTS AND OPPORTUNITIES
The competition from e-commerce, and AI-powered hyper-personalisation
Apparel and footwear specialists in India is expected to maintain solid growth in both outlet numbers and current value sales in the forecast period. Some players are looking to expand their networks.
The rise of digital fashion and avatars in the metaverse, and the incorporation of technology in stores
Although still expanding from a low base, Reliance Retail’s Azorte stores are smart, boasting intuitive retail technology. To make the journey from discovery to checkout seamless, Azorte stores have several tech-enabled interventions, including mobile checkout, smart trial rooms, fashion discovery stations, and self-checkout kiosks.
Data-driven decision-making will revolutionise regional inventory
Indian apparel and footwear specialists are rapidly adopting data-driven strategies to enhance their operations and customer engagement. For instance, Aditya Birla Fashion and Retail Ltd utilises Databricks for real-time consumer insights, optimising inventory, and personalising marketing efforts.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in India 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 India, 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 India 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 India?
- Which are the leading retailers in Apparel and Footwear Specialists in India?
- 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 India - Category analysis
KEY DATA FINDINGS
Premium/affordable market bifurcation creates dual growth opportunities
Revival of indigenous textiles connects traditional craftsmanship with contemporary fashion
Emergence of quick-commerce in apparel and footwear retail: Transforming delivery expectations from days to minutes
The competition from e-commerce, and AI-powered hyper-personalisation
The rise of digital fashion and avatars in the metaverse, and the incorporation of technology in stores
Data-driven decision-making will revolutionise regional inventory
Retail in India - Industry Overview
Retail in 2024: The big picture
Price, and level of involvement in the buying process are leading parameters when choosing a retail channel
Evolving consumer preferences make an omnichannel presence imperative to drive strong demand
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Diwali season
End of season sale
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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