Consumer confidence is expected to improve over the forecast period and with it consumers are likely to become more willing to spend on a wider range of goods and services. However, despite this more positive outlook it is projected that apparel and footwear specialists will register a decline, both in terms of the number of outlets and in terms of value sales (at constant 2024 prices).
Apparel and footwear specialists are set to face growing competition from e-commerce which is likely to have a significant effect on offline sales. This is being driven by a decline in footfall and by technological innovations which are making shopping online for apparel and footwear more practical.
Despite the premiumisation trend, fast-fashion is likely to remain a significant trend, driven by demand from young consumers seeking the latest fashions but at more affordable prices. The entry of players such as Temu, the growing relevance of social e-commerce (mostly through social media platforms such as Instagram and Tik Tok), are likely to boost demand for fast-fashion over the forecast period.
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 Belgium 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 Belgium, 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!