PROSPECTS AND OPPORTUNITIES
Performance will benefit from increase in disposable income
Apparel and footwear specialists is expected to see current value growth over the forecast period, though sales are set to fall slightly at constant 2024 prices. The channel is likely to benefit from improvements in socio-economic conditions, with lowering inflationary pressures likely to increase consumers’ disposable income and subsequently retailers' willingness to expand the number of their outlets and reopen the tap for new store cards.
Market likely to become more consolidated as Pepkor review business strategy
Retailers focusing on value propositions and diversified offerings will likely consolidate their lead by attracting a wider consumer base in the forecast period. Such conditions are likely to allow Pepkor to strengthen its position as it prioritises the local market and its core businesses.
Local operators to regain traction online as cross-border loses ground
The government clampdown on cross-border e-commerce is likely to intensify during the forecast period, as the textile industry continues to call on the South African Revenue Service to become more restrictive by removing concessions for simplified online shopping imports, in addition to recent changes in import duties. Such operating conditions will likely boost demand for local fashion brands as they regain a competitive edge, driven by proximity and affordability.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- Which are the leading retailers in Apparel and Footwear Specialists in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
Apparel and footwear retailers benefit from diversified offerings
Pepkor leads, while Truworths struggles as demand shifts to value for money
SARS clampdown on affordable cross-border e-commerce
Performance will benefit from increase in disposable income
Market likely to become more consolidated as Pepkor review business strategy
Local operators to regain traction online as cross-border loses ground
Retail in South Africa - Industry Overview
Retail in 2024: The big picture
Competition intensifies, leading to a more consolidated market
SARS introduces new regulation for cross-border e-commerce
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
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.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!