The apparel and footwear specialists sector is expected to continue expanding in the coming years, albeit at a moderate pace. While economic recovery and retail expansion will support growth, financial constraints—particularly reduced access to consumer credit—could pose a challenge.
In recent years, Peru has witnessed the entry of numerous high-end international fashion brands, and this trend is expected to continue. In 2024, several global brands established new stores in Peru’s premium shopping centres, particularly within Jockey Plaza’s newly expanded sections.
Apparel and footwear specialists face growing competition from international online marketplaces, such as AliExpress and Temu, which offer a vast selection of fashion items at competitive prices. While cross-border e-commerce remains a relatively small segment of the Peruvian market today, it represents a significant long-term threat, particularly among younger, tech-savvy consumers who are comfortable making purchases from overseas retailers.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Peru 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 Peru, 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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