Asia Set to Maintain Stronghold on Global Clothing, Footwear, Accessories and Luxury Goods Market to 2017

Wednesday 4 September 2013, Amsterdam

Since 2007, Europe’s domination of the Global Clothing, Footwear and Luxury Goods Specialists market has waned, with its total share of the sector declining from 38.8% to 26.5% by 2012. By 2009, the Asia Pacific region had taken the position as the region with the highest percentage of total sales, with 40.4% to Europe’s 33.3%. Consumer specialist new report – Global Clothing, Footwear, Accessories and Luxury Goods Specialists Market Size and Forecast to 2017 – forecasts this trend to continue, with the Asia Pacific region set to hold 59.5% of the market by 2017.

In the ever-more lucrative Asia Pacific market, apparel, accessories, luggage, and leather goods are set to be the most valuable product category in the Clothing, Footwear, Accessories and Luxury Goods Specialists sector.

The report is a result of an extensive research covering the retail industry in 50 countries around the world.

It offers:

•Detailed quantitative analysis of past and future retail trends segmented down to category and channel level, with both top-level overview and detailed category specific insights into the global retail industry environment.
•Retail sales data of products though Clothing, Footwear, Accessories and Luxury Goods Specialists.
•Category coverage that includes 25 products: Apparel, Accessories and Luxury Goods Books, News and Stationery, Electricals and Electronics, Food and Grocery, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, and Sports and Leisure Equipment.

This will facilitate:

•Properly informed strategic planning.
•Awareness and understanding of those products that will be the major winners and losers in the coming years.
•Accurate assessment of the economic recession and recovery on market growth.

Key Findings:

•The UK, France, Germany, Russia and Italy accounted for more than half of European retail sales through the channel in 2012; however, their combined share is expected to decline by 2017.
•Japan and China together accounted for over 75% of total Asia-Pacific retail sales through the channel in 2012.