PROSPECTS AND OPPORTUNITIES
New tariffs aim protect apparel in Mexico, while players invest more in tech
The Mexican government has applied new tariffs of 15-35% on textile products imported from countries with which Mexico does not have free trade agreements - like China, for example - which aim reduce practices that have harmed the Mexican textile industry. Such practices include the technical smuggling of finished goods and tax evasion.
American retailer TJ Maxx to open in Mexico, as players increase social media participation
American retailer TJ Maxx is set to arrive in Mexico in 2025, entering the country through a strategic alliance with Mexican conglomerate Grupo Axo, which will hold a 51% stake and will operate all the upcoming stores. This move is mainly designed to diversify Grupo Axo’s offering, as the conglomerate currently specialises in high-value brands, while TJ Maxx focuses on quality products with discounts.
El Puerto de Liverpool acquires Nordstrom, and second-hand trend accelerates
Mexican retailer El Puerto de Liverpool has signed a definitive agreement to acquire the US-based department store chain Nordstrom, specialising in fashion for men, women and children. Liverpool will indirectly hold 49.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Mexico 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 Mexico, 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 Mexico 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 Mexico?
- Which are the leading retailers in Apparel and Footwear Specialists in Mexico?
- 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 Mexico - Category analysis
KEY DATA FINDINGS
Decline in production means stagnant growth for apparel and footwear specialists in 2024
Inditex sees sales rise while H&M declines despite new store openings
E-commerce sees rapid rises
New tariffs aim protect apparel in Mexico, while players invest more in tech
American retailer TJ Maxx to open in Mexico, as players increase social media participation
El Puerto de Liverpool acquires Nordstrom, and second-hand trend accelerates
Retail in Mexico - Industry Overview
Retail in 2024: The big picture
Artificial intelligence spearheads innovation in Mexico’s retail landscape
Investing in omnichannel capabilities is key for success
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
Hot Sale
Buen Fin
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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