Apparel and Footwear Specialist Retailers in Spain - New Study Released

Apparel and footwear specialist retailers grew by 2% in current value terms in 2015. The positive macroeconomic indicators, including GDP growth of over 2%, resulted in Spaniards being less cautious with their spending money on these products. The performance in 2015 was more dynamic than the one recorded in the previous year.

Competitive Landscape

Much in line with the previous year, the Spanish competitive landscape within apparel and footwear specialist retailers remained largely stagnant in terms of ranking. The category continues to be led by Inditex, which accounted for an 18% value share in 2015. The company recorded a good performance in 2015 with positive current value growth. However, in outlet terms, the company sold a number of its premises. The company chose to close down outlets in an attempt to support sales and make its network competitive. The company is benefiting from being one of the key trend setters within ready-to-wear in Spain. The company is still one of the quickest players in capturing and transforming haute couture trends into wearable and affordable products.

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Industry Prospects

The improvement seen in Spain’s economic indicators, especially the foreseen decline in the unemployment rate linked to the expected growth in average disposable income, will play a crucial role in the performance of apparel and footwear specialist retailers over the forecast period. The category is therefore expected to overcome the weak performance it recorded over the review period. After a long period of cutting back on unnecessary spending, Spaniards are expected to increase their spending in apparel and footwear specialist retailers, with this category set to witness a 3% CAGR over the forecast period in constant 2015 value terms.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Clothing and Footwear Specialist Retailers industry in Spain with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Clothing and Footwear Specialist Retailers industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.

The Clothing and Footwear Specialist Retailers in Spain market research report includes:

* Analysis of key supply-side and demand trends
* Detailed market shares for international and locally-based retailers
* Historic number of stores, selling space and values, company and brand market shares 
* Five year forecasts of market trends and market growth

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