PROSPECTS AND OPPORTUNITIES
Steady growth projected, supported by economic improvement but limited by restricted credit access
The apparel and footwear specialists sector is expected to continue expanding in the coming years, albeit at a moderate pace. While economic recovery and retail expansion will support growth, financial constraints—particularly reduced access to consumer credit—could pose a challenge.
Expansion of international brands catering to high-income consumers
In recent years, Peru has witnessed the entry of numerous high-end international fashion brands, and this trend is expected to continue. In 2024, several global brands established new stores in Peru’s premium shopping centres, particularly within Jockey Plaza’s newly expanded sections.
Cross-border e-commerce poses a growing challenge for physical retailers
Apparel and footwear specialists face growing competition from international online marketplaces, such as AliExpress and Temu, which offer a vast selection of fashion items at competitive prices. While cross-border e-commerce remains a relatively small segment of the Peruvian market today, it represents a significant long-term threat, particularly among younger, tech-savvy consumers who are comfortable making purchases from overseas retailers.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Peru 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 Peru, 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 Peru 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 Peru?
- Which are the leading retailers in Apparel and Footwear Specialists in Peru?
- 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 Peru - Category analysis
KEY DATA FINDINGS
Moderate growth in apparel and footwear specialists driven by strong winter sales and economic recovery
Intensified competition among key players, with notable growth from Platanitos and Pierre Cardin
Significant store openings from existing and new international brands
Steady growth projected, supported by economic improvement but limited by restricted credit access
Expansion of international brands catering to high-income consumers
Cross-border e-commerce poses a growing challenge for physical retailers
Retail in Peru - Industry Overview
Retail in 2024: The big picture
New store openings drive growth across multiple categories
E-commerce remains a key focus for retailers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Mother´s Day
Father´s Day
Children´s Day
National Holidays of Peru
Back to school
Valentine´s Day
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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