The clothing and footwear segments in the Central European (CE) market have positive forecasts. All of the markets in the region are in the process of consolidation and, in general, the same brands are leaders in each, according to a new PMR report: Clothing and footwear retail market in Central Europe 2016 – Market analysis and development forecasts for 2016-2021.
Retailers and consumers view the upcoming period optimistically, which is mirrored in the forecast performance of the clothing and footwear market in the CE region. Further, with gross domestic product and disposable income growing in all of the analysed countries, the forecast for the market is optimistic.
On the other hand, the global and European economies are not stable and total retail market growth will slow over the next few years, also in part because of the high volatility of exchange rates.
Companies such as LPP (with brands like Reserved, House, Cropp, etc.), H&M, Inditex (Zara, Massimo Dutti, Bershka, Stradivarius, Pull and Bear, etc.) and C&A are leaders in the CE region in the clothing segments.
For the full story, see the August 2016 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE