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With inflationary pressures set to progressively wane, apparel and footwear is expected to see a healthier performance over the forecast period. One beneficiary of this improved economic outlook is likely to be retailers offering mid-priced offerings, which had previously been squeezed by reduced discretionary spending.
The apparel and footwear channel historically features a high number of small, independent stores, which were particularly vulnerable to the inflationary environment which led to input costs rising 2022 and 2023. Whilst a portion of these have managed to transition to online sales, this trend is set to continue over the forecast period, with well-established, larger apparel and footwear chains likely to gain in value share at the expense of small players.
Pressure on profit margins, changing consumer habits and increasing operational costs will continue to pose threats to retailers that will feel the need to differentiate their business models. Leading manufacturer and retailer H&M, for example, has started selling other brands in its stores, thereby operating as a third party merchant.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Belgium 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 Belgium, 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.
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