Clothing & Footwear Retailing in Finland, Market Shares, Summary & 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 Finland, Market Shares, Summary & Forecasts to 2021”
Clothing & Footwear Retailing in Finland
Overview
Clothing & footwear is the third largest sector in Finnish retail and accounted for 10.8% sales in 2016. Sector sales stood at €4.7 billion in 2016; the largest category was clothing which generated 83% of total sector sales. A weak economy and reduced purchasing power gradually subdued sales between 2013 and 2015 as it discouraged consumer spending.
However, sales are projected to grow at a CAGR 0.9% during 2016-2021 on the back of economic recovery and stable inflation. Value and mass market brands, such as H&M, Prisma and Sokos, witnessed growth due to their low price strategy. Finnish consumers’ weak purchasing power changed their preference from premium products to more added-value deals.
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Top Companies mentioned
Stockmann
H&M
Prisma
Intersport
Sokos
Kesko Corporation
Tokmanni
Clothing & Footwear Retailing in Finland Industry Major Outlook
"Clothing & Footwear Retailing in Finland, 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 Finland - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in Finland 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 grow moderately in the forecast period
- Economic recovery and stable inflation will encourage modest sales growth
- Online retail will grow swiftly through 2021
- Value brands are driving sales in the sector
- The market is partly consolidated with the top 10 accounting for 35.8% in 2016
- Gina Tricot grew the fastest at 4.2% 2015-16
- Footwear growth will remain sluggish during 2016-2021
- Children’s footwear will grow at a CAGR of 0.7% in the forecast period
.Continued
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Posted by
Vivian Dsena
on Tuesday March 27 2018, 3:31 AM EST.
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