Constant value growth is expected to slowdown in the forecast period as the need to invest in clothes will reduces. With consumers having used up their savings and price pressures remaining an issue, the propensity to invest in new clothes and shoes will subside.
Physical retailer could see an uplift in shoppers as more retailers start to charge for returns. Zara has started to charge for returns made by post in Norway, although this is not the case when returns are made in store.
Profitability will be difficult for many stores in the forecast period, but especially for smaller brands. High rents, energy prices, and the cost of material, together with unpredictable consumer behaviour will create a tough trading climate for apparel and footwear brands needing to manage large inventories.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Norway 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 Norway, 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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