Summary
Clothingand footwear market in the Americas is expected to grow faster than the
historic period at 3.1% during 2015-2020. Increase in demand for discounted
premium or luxury products will fuel growth of off-price and overall clothing
and footwear retail in the US and Canada. Brazil will return to growth during
the next five years after being hit by devaluation of local currency and
political instability. Other Latin American markets, mainly Mexico and
Colombia, will increase their importance in the regional market with rising
purchasing power, growing demand for latest fashion, and increase in popularity
of local designers.
Key Findings
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The US clothing and footwear market accounts for 74.4% of the total regional
market, and is forecast to grow at a CAGR of 2.7% during 2015-2020
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Colombia, followed by Chile, is forecast to grow fastest at 9.1% over the next
five years, at the same time, Mexico will generate second-highest value growth
of US$7.4 billion after the US
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Online channel will achieve largest value growth of US$58.5 billion, driven by
increasing online retail penetration in emerging markets, preference for
lowered prices, and expansion of existing online retailers
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Increasing consumer preference for online channel will affect sales of
specialist retailers, which will lose their share by 6.6% in regional sales
-
Retailers are increasing their investment in off-price formats, in-store
technology, and integration of online and offline, at the same time adopting
innovative technologies to engage customers
Synopsis
The
"Clothing and Footwear Retailing in the Americas, 2015-2020" report,
published by Verdict Research, provides analysis of current and forecast market
data for clothing and footwear retail sales sold through major channels in the
Americas.
Buy a Sample copy of This Report @ http://www.radiantinsights.com/research/clothing-and-footwear-retailing-in-the-americas-2015-2020/request-sample
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