PROSPECTS AND OPPORTUNITIES
Gradual economic recovery to support consumer spending
The growth of the Consumer Price Index in New Zealand in the last quarter of 2024 was within the inflation target of the Reserve Bank, i.e.
Sustainability and ethical consumption on the rise
One of the largest barriers to consumers acting on their ethical values is financial constraints. Consumers do not always have the funds to support ethical brands, as they tend to be more expensive due to fair production costs.
Enhancing the in-store experience to make the brand stand out
The competitive landscape of apparel and footwear specialists is highly fragmented with many brands operating for even a small sliver of value share. Given the importance of in-store shopping for the industry, brands should explore how they can enhance the shopping experience as this will attract more customers and keep them browsing for longer.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in New Zealand 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 New Zealand, 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 New Zealand 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 New Zealand?
- Which are the leading retailers in Apparel and Footwear Specialists in New Zealand?
- 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 New Zealand - Category analysis
KEY DATA FINDINGS
Apparel and footwear specialists under pressure from weak economy
Fragmented competitive landscape as consumers prefer shopping around
Bricks-and-mortar presence important despite growth in e-commerce retailing
Gradual economic recovery to support consumer spending
Sustainability and ethical consumption on the rise
Enhancing the in-store experience to make the brand stand out
Retail in New Zealand - Industry Overview
Retail in 2024: The big picture
Highly promotional retail environment
Retail crime on the rise amidst tough economic period
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
End of Financial Year 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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