More modest current value growth than seen in 2023 is expected for apparel and footwear specialists in Hong Kong in the forecast period. As the government is determined to boost the local economy, and Hong Kong consumers have gradually returned to their normal lifestyles, social occasions and events have increased, and also travel, which is anticipated to ensure apparel and footwear specialists sees continued growth.
The post-pandemic era has set off another wave of interest in sports, as people are spending more time participating in sports to stay healthy and be social with their peers. There is therefore significant demand for various sports equipment, supplies, and clothing.
Sustainable development is a global trend, but this issue has not received as widespread attention in Hong Kong. However, the concept of sustainability is becoming increasingly important.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Hong Kong, China 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 Hong Kong, China, 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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