PROSPECTS AND OPPORTUNITIES
Robust growth as expansion continues in upcoming years
Apparel and footwear retailers in Saudi Arabia are poised for growth over the forecast period, driven by economic changes, a young population, and rising disposable incomes. Large projects like NEOM and Qiddiya will create new retail spaces, attracting both local and international brands.
More local brands to enter the Saudi market
The Saudi Vision 2030 presents a significant opportunity for Saudi-based apparel and footwear brands over the forecast period, aiming to boost local production and reduce its reliance on imports. The Saudi Fashion Commission is expected to create more opportunities for Saudi designers to develop unique clothing that blends local culture with modern trends, appealing especially to younger consumers.
Utilising technology and AI to develop the shopping experience
Retailers have a strong opportunity to enhance shopping with advanced technology. AI-powered tools like smart fitting rooms, digital mirrors, and personalised recommendations can be used to boost brand engagement with shoppers.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Saudi Arabia 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 Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia?
- Which are the leading retailers in Apparel and Footwear Specialists in Saudi Arabia?
- 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 Saudi Arabia - Category analysis
KEY DATA FINDINGS
Apparel and footwear retailers face challenging trading conditions
Cenomi Retail divests brands as part of restructuring plan
E-commerce challenges major apparel and footwear specialists
Robust growth as expansion continues in upcoming years
More local brands to enter the Saudi market
Utilising technology and AI to develop the shopping experience
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
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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