Apparel and footwear will register muted constant value growth over the forecast period. Fast fashion chains, as well as online retailers, are leading to intense competition and will have a downward drag on prices.
As long as inflation remains high, fast fashion will win value share. As a result, many consumers will favour cheaper global brands to the detriment of local brands, with higher prices and higher quality.
With inflation predicted to come under control over the forecast period, as well as the Turkish lire becoming more stable, there will be an increase in demand for global luxury brands such as Burberry and Dior. In addition, as consumers become increasingly concerned about the environment, there will also be growing demand for more sustainable offerings.
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Understand the latest market trends and future growth opportunities for the Apparel and Footwear Specialists industry in Turkey 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 Turkey, 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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