Apparel and footwear specialists will continue to enjoy favourable growth in terms of both number of outlets and current value over the forecast period. This will be supported easing inflationary pressures, which will have a positive effect on disposable incomes.
Alongside continued investment in bricks-and-mortar retailing, the development of e-commerce will also contribute to the continued expansion of the category. Indeed apparel and footwear specialists are conscious of the fact that they need to offer an omnichannel experience for potential customers, with loyalty or reward programmes helping to drive sales across all channels.
Sustainability will be an emerging trend within apparel and footwear in the Philippines over the forecast period. While not yet as developed as in other key markets, a number of businesses have invested in the implementation of more sustainable practices throughout their production chains, with the use of ethically-sourced, recyclable and reusable materials becoming increasingly common.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Philippines 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 Philippines, 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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