"Clothing & Footwear Retailing in Hong Kong, Market Shares, Summary and Forecasts to 2022", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Hong Kong retail environment. In addition, it analyzes the key consumer trends influencing Hong Kong clothing and footwear industry.
The clothing & footwear sector accounted for HK$68.6 billion in 2017 and is projected to grow at 3.7% CAGR during 2017-2022.
What else does this report offer?
- 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 2017 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.
- Hong Kong retail market is forecasted to grow at a CAGR of 3.5% during 2017-2022
- Entry of global brands and improved omni-channel shopping experience will boost sales
- Large young population base and influence of global fashion trends to drive sales
- Rising female population share will boost demand for womenswear
- Record low unemployment rate and improved wages will boost category sales
- Increasing wages are driving style-conscious parents to spend more on childrenswear
- Specialists are losing market share to online retail
- Sector is highly fragmented with most retailers operating in the mass market segment.
Reasons To Buy
- Gain a comprehensive knowledge on clothing and footwear sector in the Hong Kong retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behavior trends in clothing and footwear category to identify the best opportunities to exploit
- Understand the fastest growing categories including menswear, womenswear, childrenswear, men’s footwear, women’s footwear and children’s footwear in the market
- Analysis of key international and domestic players operating in the clothing and footwear market
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the clothing and footwear market.