PROSPECTS AND OPPORTUNITIES
Retail formats evolve to enhance efficiency
Retailers operating within apparel and footwear specialists are likely to re-examine their physical footprints over the short to medium term, as higher labour costs and rental rates in Singapore are compelling brands to optimise store networks. The need to balance accessibility for consumers with the economic realities of running store-based locations is becoming ever more pressing, prompting detailed evaluations of where and how brands maintain their presence.
Uniqlo’s ubiquity and Ralph Lauren’s expansion
Uniqlo, often referred to by locals as Singapore’s ‘national uniform, continues to enjoy wide acceptance for its affordable prices, good quality and suitability for the local climate - particularly its AIRism line that has proven popular in humid conditions. With a silhouette designed for the Asian body shape, its ranges tick multiple boxes for consumers seeking comfortable and stylish daily wear.
Challenger brands and digital disruptors reshape the landscape
A wave of challenger brands has been gaining traction among sporting apparel and footwear enthusiasts in Singapore. Names like Hoka, On, Alo Yoga and Salomon have each carved out a niche by emphasising distinctive functional benefits, pinpointing specific sporting activities and adopting visible innovation in product design.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading retailers in Apparel and Footwear Specialists in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Sales fall amid cautious consumer spending
Nike’s Orchard Road flagship bolsters brand presence
Weak inbound tourism stalls recovery
Retail formats evolve to enhance efficiency
Uniqlo’s ubiquity and Ralph Lauren’s expansion
Challenger brands and digital disruptors reshape the landscape
Retail in Singapore - Industry Overview
Retail in 2024: the big picture
Experiential retail as key focus as retailers look to redefine the role of the store
Artificial intelligence drives development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
Hari Raya Aidilfitri (or Hari Raya Puasa)
Christmas and New Year
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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