PROSPECTS AND OPPORTUNITIES
A difficult future predicted for apparel and footwear specialists
Sales through apparel and footwear specialists are expected to continue declining in value terms (at constant 2024 prices) over the forecast period. Prevailing economic uncertainty is likely to limit growth opportunities with many Italian consumers likely to remain focused on basic necessities, leaving less money for non-essential spending.
Leading players adopting strategies to stand out from competition
It is expected that apparel and footwear specialists will invest in various strategies as they look to survive and beat off the competition over the forecast period in Italy. This could include offering a broader range of prices, with polarisation being a common thread.
Digital transformation will play a key role in the future success of apparel and footwear specialists
Apparel and footwear specialists in Italy are expected to go through a process of digital transformation as players look to maximise their sales opportunities while also remaining relevant to modern consumers. With the adoption of omnichannel strategies and the use of advanced technologies such as AI, apparel and footwear specialists in Italy are expected to move towards a future in which digital is at the centre of the shopping experience.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Italy 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 Italy, 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 Italy 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 Italy?
- Which are the leading retailers in Apparel and Footwear Specialists in Italy?
- 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 Italy - Category analysis
KEY DATA FINDINGS
A difficult year for apparel and footwear specialists as more consumers shift online
New initiatives focusing on omnichannel strategies and sustainable actions
Retailers investing in sustainability
A difficult future predicted for apparel and footwear specialists
Leading players adopting strategies to stand out from competition
Digital transformation will play a key role in the future success of apparel and footwear specialists
Retail in Italy - Industry Overview
Retail in 2024: The big picture
Sustainability concerns having a growing influence on the market
Retailers investing in digitalisation strategies
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Holidays
Easter
Valentine’s Day/Father’s Day/Mother’s Day
Summer Holidays/Back to School
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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