International players in apparel and footwear specialists will continue to find Chile an attractive market for growth, noted in the continual arrival of brands, including the entry of Old Navy and Abercrombie & Fitch, with the latter opening its first store in October 2023 at the Costanera Center. Both brands are operated in the country by Axo Group, which plans to expand the presence of international brands in Chile.
Luxury brands, while still a niche in Chile, are set to gain a stronger presence in the country. For instance, there are luxury areas in shopping centres such as Parque Arauco, with the latter having invested in the Distrito de Lujo for many years, which curates the experience and increase the appeal of the brands present.
Apparel and footwear specialists in Chile are likely to experience further competition from department stores over the forecast period, specially as the channel can strongly leverage private label lines and important discounts and promotional events throughout the year. As local consumers are looking for ease and convenience when they shop for a range of products, including apparel, the reality of a one-stop location such as department stores, in addition to the integration with credit card offers by various brands, divert much of the interest of Chilean consumers away from specialists.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Chile 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 Chile, 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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