The Mexican government has applied new tariffs of 15-35% on textile products imported from countries with which Mexico does not have free trade agreements - like China, for example - which aim reduce practices that have harmed the Mexican textile industry. Such practices include the technical smuggling of finished goods and tax evasion.
American retailer TJ Maxx is set to arrive in Mexico in 2025, entering the country through a strategic alliance with Mexican conglomerate Grupo Axo, which will hold a 51% stake and will operate all the upcoming stores. This move is mainly designed to diversify Grupo Axo’s offering, as the conglomerate currently specialises in high-value brands, while TJ Maxx focuses on quality products with discounts.
Mexican retailer El Puerto de Liverpool has signed a definitive agreement to acquire the US-based department store chain Nordstrom, specialising in fashion for men, women and children. Liverpool will indirectly hold 49.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Mexico 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 Mexico, 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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