Americas Clothing and Footwear Retailing Market Size 2020 Clothing and footwear market

Americas Clothing and Footwear Retailing Market Size, Share,
Analysis, Key Trends and Opportunities Forecasts 2020
Summary
Clothing and footwear market in the Americas is expected to grow faster than the historic period at 3.1% during
2015-2020. Increase in demand for discounted premium or luxury products will fuel growth of off-price and overall
clothing and footwear retail in the US and Canada. Brazil will return to growth during the next five years after
being hit by devaluation of local currency and political instability. Other Latin American markets, mainly Mexico
and Colombia, will increase their importance in the regional market with rising purchasing power, growing demand
for latest fashion, and increase in popularity of local designers.
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Key Findings
- The US clothing and footwear market accounts for 74.4% of the total regional market, and is forecast to grow at a
CAGR of 2.7% during 2015-2020
- Colombia, followed by Chile, is forecast to grow fastest at 9.1% over the next five years, at the same time, Mexico
will generate second-highest value growth of US$7.4 billion after the US
- Online channel will achieve largest value growth of US$58.5 billion, driven by increasing online retail penetration
in emerging markets, preference for lowered prices, and expansion of existing online retailers
- Increasing consumer preference for online channel will affect sales of specialist retailers, which will lose their
share by 6.6% in regional sales
- Retailers are increasing their investment in off-price formats, in-store technology, and integration of online and
offline, at the same time adopting innovative technologies to engage customers
Synopsis
The "Clothing and Footwear Retailing in the Americas, 2015-2020" report, published by Verdict Research, provides
analysis of current and forecast market data for clothing and footwear retail sales sold through major channels in
the Americas.
What else does this report offer?
- Current market sizes and forecasts for 2020 by country with an assortment of charts that ranks countries based
on market size, growth rate, value growth and channel sales