PROSPECTS AND OPPORTUNITIES
A rising focus on sustainability is expected to shape store strategies over the forecast period
Across the forecast period, there is expected to be a growing demand for eco-friendly and ethically produced clothing and footwear, with consumers becoming more conscious of their purchases' environmental and social impact. Apparel and footwear specialists will continue to respond to these demands over the forecast period, by focusing on sustainable materials and enhancing the transparency of their supply chains to meet these evolving consumer expectations.
Apparel and footwear specialists face rising pressure from retail e-commerce
Across the forecast period, there is also set to be ongoing developments in retail e-commerce, including personalised user experiences, the expansion of click-and-collect services, and other improvements to the online path to purchase. In this light, these retail e-commerce sales may challenge the potential growth of brick-and-mortar stores.
Sports and leisurewear is set to expand, aligned with the rising demand for activewear
A significant portion of sales in both the apparel and footwear markets is attributed to fast fashion and sportswear. Over the review period, there was an increasing presence of sportswear brands opening dedicated concept stores in Ireland, along with a greater emphasis on sportswear in visual merchandising strategies.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Ireland 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 Ireland, 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 Ireland 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 Ireland?
- Which are the leading retailers in Apparel and Footwear Specialists in Ireland?
- 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 Ireland - Category analysis
KEY DATA FINDINGS
Apparel and footwear specialists focus on engaging online experiences
Apparel and footwear specialists implement consumer experiences and open new stores in high street locations
New government initiatives focus on sustainability while resale platforms gain ground
A rising focus on sustainability is expected to shape store strategies over the forecast period
Apparel and footwear specialists face rising pressure from retail e-commerce
Sports and leisurewear is set to expand, aligned with the rising demand for activewear
Retail in Ireland - Industry Overview
Retail in 2024: The big picture
Retailers focus on sustainability to align with consumer demands
Consumers continue to be cautious of their spending during 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
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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