PROSPECTS AND OPPORTUNITIES
Apparel and footwear specialists to further benefit from positioning in local market
Apparel and footwear specialists in the United Arab Emirates is set to benefit from improving socioeconomic conditions, leading to increased disposable incomes, an influx of affluent migrants supported by initiatives such as the Golden Visa, as well as the local market's position as a prime tourism shopping destination in the region. The channel will also benefit from the expansion of innovative store concepts outside of core cities, attracting consumers through experiential retail offerings and diversified offerings.
Sustainability set to gain relevance due to rising environmental awareness
Over the review period, sustainability became an important competitive tool for retailers in the United Arab Emirates, driven by rising interest from Generation Z and Generation Alpha consumers, a trend that is likely to gain further momentum in the coming years. There is a growing trend among brands to prioritise eco-conscious materials, incorporating recycled materials, organic fabrics, and adopting sustainable production practices.
Competition will continue to intensify in mid-priced segment
The mid-priced segment in apparel and footwear specialists will continue to be marked by intensified competition, with online operators strategically positioned to meet the demand for value and convenience. In response, leading players will likely look to upgrade their physical stores with innovative solutions such as self-checkout points, in-store click and collect, and Radio Frequency Identification (RFID) technology to offer a more convenient experience to consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in United Arab Emirates 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 United Arab Emirates, 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 United Arab Emirates 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 United Arab Emirates?
- Which are the leading retailers in Apparel and Footwear Specialists in United Arab Emirates?
- 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 United Arab Emirates - Category analysis
KEY DATA FINDINGS
Growth continues due to local market’s position as shopping destination
Landmark Group consolidates lead in apparel and footwear specialists
Majid Al Futtaim strengthens partnership with Tabby to expand BNPL offerings
Apparel and footwear specialists to further benefit from positioning in local market
Sustainability set to gain relevance due to rising environmental awareness
Competition will continue to intensify in mid-priced segment
Retail in the United Arab Emirates - Industry Overview
Retail in 2024: The big picture
Higher polarisation with premiumisation rising while consumers remain under pressure
More strategic partnerships form as competition intensifies
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Dubai Shopping Festival (“DSF”)
Dubai Summer Surprises (“DSS”)
Back to School
Super Sales
White Friday
APPENDIX
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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