With inflation starting to show signs of easing and potential interest rate reductions on the horizon, the economic situation in Australia is expected to improve over the forecast period. As a result, it is also likely that consumers will enjoy higher disposable incomes in the coming years to potentially increase their discretionary spending, including on goods such as apparel and footwear.
E-commerce in Australia offers further growth potential in the coming years as consumers value the convenience of shopping online. The cost-of-living crisis has also forced many Australians to be more cautious with their spending, and therefore online shopping allows them to compare prices and products between retailers with ease.
As local consumers become increasingly mindful of their impact on the environment, including the effects of their purchasing decisions, it will influence how businesses operate in the future. In terms of apparel and footwear, fast fashion has been a longtime concern, as some consumers buy new items more often than needed to stay updated with the latest trends.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Australia 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 Australia, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!