Clothing and Footwear Retailing in Japan - New Market Research Report

Clothing and footwear are two major product sectors in Japan accounting for 11.7% of the total retail sales in 2014. Although the country is still under threat of low GDP growth rates and deflation, it is observing a new found enthusiasm with Prime Minister Abe's economic policies, which have resulted in growth in the clothing sector for the last two years. The aging population is a hindrance to clothing retail, as the elderly spend less on clothing due to other expenses. On the other hand, a swiftly aging population is expected to spend more on casual and comfortable footwear. Consumers are spending less on branded luxury products but the fashion sense still prevails. Spending on online channel is set to increase over the next five years.

Key Findings

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* Clothing, footwear, accessories, and luxury goods specialists command the major share, accounting for 52.2% of total sales in the clothing sector followed by department stores.
* Footwear sales are expected to grow at a sluggish rate, witnessing a CAGR of 0.34% during 2014-2019
* Japanese consumers are looking for value while being fashion conscious at the same time.
* Consumers are spending less on branded footwear but are fashion conscious thereby driving demand for fast fashion footwear products.
* A wider choice of products, convenience, and the increasing penetration of smartphones is driving the sales of clothing and footwear through the online channel.

Report Synopsis
"Clothing and Footwear Retailing in Japan- Market Summary and Forecasts" is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019.

What else does this report offer?

* A thorough analysis of consumer trends changing economic and population factors
* Both qualitative and quantitative insights and analysis of the shifting clothing and footwear retail dynamics for men's clothing, women's clothing, children's clothing, men's footwear, women's footwear, and children's footwear from 2009 to 2019
* Sales of clothing and footwear products through the following channels from 2009 to 2019: Clothing, footwear, accessories and luxury goods specialists; department stores; other specialist retailers; online; hypermarkets, supermarkets and hard-discounters; value, variety stores and general merchandise retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs and duty free retailers
* An overview of key clothing and footwear retailers operating across Japan and their presence across distribution channels

Reasons to Get this Report

* Gain a comprehensive knowledge on clothing and footwear sector in the Japan retail market and develop a competitive advantage from the start of your supply chain

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