Clothing & Footwear Retailing in Chile, Market Shares, Summary & Forecasts to 2021
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Clothing & Footwear Retailing in Chile
Overview
Clothing & footwear sales stood at CLP$6,509.6bn in 2016 and are forecast to grow at a CAGR of 8.0% during 2016-2021, reaching CLP$9,586.4bn by 2021. A large, and growing, working age and youth population, rising wages, increasing awareness about sports and fitness, and rising disposable income drive sales in the sector.
Sales through department stores will reach 42.5% of the overall sector sale in 2021 while specialist retailers will lose 3.4% share over 2016 to account for 43.3% of the sales in 2021. Falabella and Cencosud are the leading businesses and together accounted for 24.8% of the sectors sales in 2016.
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Top Companies mentioned
Falabella
Cencosud
Ripley
Tricot
H&M
Dijon
Mango
Next
Zara
Clothing & Footwear Retailing in Chile Industry Major Outlook
"Clothing & Footwear Retailing in Chile, Market Shares, Summary & Forecasts to 2021", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Chile retail environment. In addition, it analyzes the key consumer trends influencing Chile clothing and footwear industry.
Clothing & Footwear Retailing in Chile - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in Chile industry. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Scope
- Retail sales set to register healthy growth
- Sporty footwear and clothing will drive the market
- Specialist stores losing share to department stores
- One in four Pesos spent on clothing and footwear is at Falabella and Cencosud
- Falabella and Cencosud account for one in every four Pesos spent on apparel
- H&M saw the fastest growth during 2015-2016.
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