Despite the expectation of little movement in outlet numbers in South Korea in the forecast period, apparel and footwear specialists is set to see current value growth throughout the forecast period. Value growth is partly expected to be driven by the fact that the market for luxury children’s clothing, exclusively designed for preschoolers, is set to continue expanding, despite challenges in the broader fashion industry due to economic slowdowns and high prices.
Musinsa, a leading online fashion platform, is strategically expanding its reach into the offline space in order to enhance its overall retail presence. This move is aimed at providing more touchpoints for customers, promoting sales of its private label line, and addressing the limitations of online shopping by allowing customers to physically try on products.
The South Korean market is witnessing an upsurge in the popularity of leisurewear, driven by the increasing prevalence of people with diverse hobbies. Athleisure apparel and footwear, characterised by a fusion of athletic and leisure aesthetics, is gaining traction for its versatility, catering to both exercise routines and casual everyday wear.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in South Korea 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 South Korea, 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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