PROSPECTS AND OPPORTUNITIES
Economic improvements to push the demand for apparel and footwear
The outlook for apparel and footwear specialists is positive in the forecast period, with moderate retail value (constant 2024 prices) growth projected through the forecast period. Despite the predicted reduction in the number of smaller outlets in line with consumers’ growing preference for chained retailers and more convenient shopping locations, apparel and footwear specialists is set to continue to perform well as a category.
Growing threat from retail e-commerce
Retail e-commerce represents a threat to physical apparel and footwear specialists. However, an increasing number of apparel specialists have opened e-shops, as the convenience of shopping online lures more and more consumers.
Apparel specialists use loyalty programmes as a competitive tool
Loyalty programmes are proving to be a good option for apparel specialists looking to engage with and retain consumers. By offering special discounts and loyalty points, consumers are enticed to shop with the same retailer.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Czech Republic 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 Czech Republic, 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 Czech Republic 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 Czech Republic?
- Which are the leading retailers in Apparel and Footwear Specialists in Czech Republic?
- 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 the Czech Republic - Category analysis
KEY DATA FINDINGS
Demand improves as the economic situation stabilises
Outlet expansion and affordability shape competitive performances
Consumers wait for price promotions to save on purchases
Economic improvements to push the demand for apparel and footwear
Growing threat from retail e-commerce
Apparel specialists use loyalty programmes as a competitive tool
Retail in the Czech Republic - Industry Overview
Retail in 2024: The big picture
Automation offers operating cost reductions
Private label and price promotions gain weight as consumers look for value for money
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Shopping Season Name
Christmas
Easter
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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