Clothing and Footwear Retailing in India, Market Shares, Summary and Forecasts to 2021
WiseGuyReports.com with their unique quality of simplifying the market research study, presents a deep diving study report “Clothing & Footwear Retailing in India, Market Shares, Summary and Forecasts to 2021”
Clothing & Footwear Retailing in India
Overview
The Indian clothing & footwear sector is forecast to register a healthy growth rate of 12.7% during 2016-2021, driven by a well performing economy, increasing urban population, increasing purchasing power, and most importantly a growing younger population base which accounts for close to half of the total population.
Additionally, an increasing middle and upper middle class population earning higher incomes, growing brand awareness, aspirations for a luxurious lifestyle among youngsters will drive sales in the sector. In a bid to attract more affluent customers, luxury retail brands such as Macy’s, Harrods, Neiman Marcus, and Saks Fifth Avenue have already started shipping their products to India and are also planning to open their stores in the country.
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Major Companies mentioned
Reliance Trends
Madura F&L
Bata
Adidas
United Colors of Benetton
Pantaloons
Clothing & Footwear Retailing in India Major Outlook
- Positive macro-economic factors to stimulate higher consumption
- Burgeoning youthful population and legislative changes will drive sales
- Demonetization negatively impacted sector sales in the short term
- Increasing disposable income to drive sales of premium clothing & footwear
- A fragmented market landscape
- Top 10 retailers accounted for only 7.9% of the market in 2016
- Men’s footwear sales growth remains steady over the forecast period
Clothing & Footwear Retailing in India - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in India. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Scope
In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
- The report also details major retailers in clothing and footwear category group with their product proposition analysis and market positioning in 2016 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories in clothing and footwear sector
- Qualitative and quantitative insights of changing retail dynamics in clothing and footwear sector
.Continued
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Posted by
Vivian Dsena
on Wednesday March 28 2018, 2:31 AM EST.
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