Clothing & Footwear Retailing in the Philippines, Market Shares, Summary & Forecasts to 2021
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Clothing & Footwear Retailing in the Philippines
Overview
In the Philippines, the clothing & footwear sector was valued at ₱318.1 billion in 2016, having grown with a CAGR of 10.4% during 2011-2016. The sector is mainly driven by factors such as economic activity, rising disposable income, and low inflation. In addition, the changing lifestyle of consumers and increasing numbers of organized retailers are also fueling growth within the sector.
Clothing, footwear and accessories specialists was the leading distribution channel with a share of 54.8% in 2016, followed by department stores at 31.2%. In growth terms, the online channel is forecast to register the fastest growth rate of 19.5% during 2016-2021, followed by hypermarkets, supermarkets and hard-discounters at 15.9%.
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Top Companies mentioned
The SM Store
Magic
New City Commercial Corporation Mall
Uniqlo
Metro Department Store
H&M
Rustan's
Bench
Clothing & Footwear Retailing in the Philippines Industry Major Outlook
"Clothing & Footwear Retailing in the Philippines, 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 the Philippines - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in the Philippines 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
.Continued
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Posted by
Vivian Dsena
on Tuesday March 27 2018, 3:01 AM EST.
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