Outlet numbers in apparel and footwear specialists in South Korea remained fairly static in 2023, after several years of decline. Meanwhile, although sales failed to return to anywhere near the pre-pandemic level in current value terms, they continued to rise. In 2023, the sales revenue of fast fashion brands surged, driven by the pervasive impact of high inflation. These brands, known for offering budget-friendly clothing, have become a go-to choice for consumers seeking cost-effective options...
Euromonitor International's Apparel and Footwear Specialists in South Korea report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?? * Get a detailed picture of the Apparel and Footwear Specialists market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Apparel and Footwear Specialists in South Korea
Euromonitor International
April 2024
List Of Contents And Tables
APPAREL AND FOOTWEAR SPECIALISTS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Fast fashion brands experience sales growth amidst high inflation
Continued spending polarisation in fashion retailers
Strategic renewal for enhanced shopping convenience at ABC-MART Korea
PROSPECTS AND OPPORTUNITIES
Growing market for children’s luxury clothing due to changes in consumer dynamics
Musinsa expands to offline stores
Growth of the athleisure trend
CHANNEL DATA
Table 1 Apparel and Footwear Specialists: Value Sales, Outlets and Selling Space 2018-2023
Table 2 Apparel and Footwear Specialists: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 3 Apparel and Footwear Specialists GBO Company Shares: % Value 2019-2023
Table 4 Apparel and Footwear Specialists GBN Brand Shares: % Value 2020-2023