Clothing & Footwear Retailing in New Zealand, Market Shares, Summary and Forecasts to 2021
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Clothing & Footwear Retailing in New Zealand
Overview
Clothing & footwear sales in the country are expected to register a CAGR of 4.4% during 2016-2021, to reach NZ$7.6bn by 2021 from NZ$6.1bm in 2016. Factors such as rising household income, an increasing number of young consumers, and the increase of women in the workforce drive sales in the sector. Online clothing & footwear retailing is set to register healthy growth over the next five years.
Consumers are increasingly purchasing from online retailers as they offer the latest fashion products at competitive prices. Farmer’s Trading Company and Kmart together held 19.6% of market share in 2016. Domestic players dominate the sector and these retailers in the top 10 commanded a 35.5% share in 2016.
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Top Companies mentioned
Farmers Trading Company Ltd
Kmart
The Warehouse
Rebel Sport
Kathmandu
Hallenstein Brothers
Glassons
Bendon
Torpedo7
Nike
Clothing & Footwear Retailing in New Zealand Industry Major Outlook
"Clothing & Footwear Retailing in New Zealand, 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 New Zealand - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in New Zealand industry. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Scope
- Clothing & footwear is the second largest sector and accounted for 14% of retail sales in 2016
- The hypermarkets, supermarkets, and hard discounters channel is the fastest growing channel and is expected to grow at a CAGR of 6.9% during 2016-2021
- The sector is fragmented, with the top ten players accounting for only 16.2% market share in 2016
- Overall sales are expected to register a CAGR of 4.2% between 2016 and 2021, to reach a sales value of COP37,319 billion in 2021
- Clothing & footwear is fast- growing for online shopping in Colombia
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