In Australia, apparel and footwear specialists are expected to experience a gradual recovery in terms of outlet numbers and sales growth over the forecast period, with consumers’ spending confidence playing a pivotal role in in its overall outlook. Economic headwinds are likely to persist into 2024, keeping value-driven consumerism at the forefront, with Australians remaining cautious about their financial wellbeing.
In Australia, a profound shift is underway within the fashion industry, driven by a collective determination to embrace sustainability, reduce textile waste, and foster a circular economy. The fast fashion model, which hinges on excessive consumption and disposable garments, is being challenged by a growing wave of conscious consumers and forward-thinking businesses.
As digital engagement continues to evolve, it is expected to play a pivotal role in shaping the future of Australian apparel and footwear specialists, particularly in its ability to reach and resonate with younger consumers. Augmented reality marketing campaigns are gaining popularity, with celebrities stepping into virtual universes to highlight footwear collections through AR content activated by QR codes.
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.
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Australia 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 Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Apparel and Footwear Specialists research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!