Sustainable fashion, which has emerged as a response to growing environmental, humane and economic concerns, is based on three main premises. The first tackles the need to care for the environment when extracting, treating and using primary materials.
Value growth over the next few years is expected to be driven by price rises rather than volume growth as consumers are expected to reduce their consumption of discretionary goods and services as rising inflation will put significant pressure on their spending. Companies will need to look for ways to lower costs and reduce disruptions to operations in order to lose competitiveness over the forecast period.
To drive sales, companies will also seek to attract the attention of new buyers with discounts over the period to 2028. Falabella, for instance, has announced a 24-hour auction day with a discount of up to 70% both in store and online.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Colombia 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 Colombia, 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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