Clothing and footwear retail category is growing more
significantly as this is the effective sector of the economy. The increase in
disposable income and development in the economy with growing urbanization this
category of retail is rising more efficiently. However, rising internet
penetration and busy schedules in one life has fueled the growth of this
market. The e-commerce platform is also playing significant role in increasing
the demand of the product whereas, the key players are also doing technological
development in the technology of product making which provide reasonable
product to the consumer and resulted effected number of sales in the near
future. In the recent trend, for meeting the demand of consumers more
significantly the retailers are shifting from stores to the online platform in
an aggressive manner. Moreover, the significant increase in the disposable
income with the growing urbanization makes the market more competitive and
fruitful and leads the noteworthy growth in the retailing of clothing and
footwear product in the coming years.
According to the report analysis, ‘Clothing & Footwear Retailing In
Ukraine, Market Shares, Summary & Forecasts To 2022’ states that some of the major
companies which are currently functioning in this sector more significantly for
attaining the highest share in the market and providing the product at a
reasonable rate includes Ostin, Zara, Sportmaster, Argo, Colin’s, Adidas,
Intersport, Kari, Celio, Bershka and several others. The key players are making
so many effective strategies and policies for the related products and for
increasing the sale the retailer are adopting the even pricing method which
further fueling the growth of this category more significantly. Not only has
this, the report also consists deep analysis of related sector, trends and
segments of this category of retailing which includes latest trends of consumer
behavior and shopping, consumer insights, market dynamics, comprehensive
information of the major retailers in clothing and footwear category and
several others.
The clothing and footwear accounted for 8.1% of total
retail sales in 2017 and it is projected that in the forecast period it will
grow at a CAGR of 6.2% during the period 2017-2022. Whereas, the Ukraine retail
market is anticipated to grow at a CAGR of 4.7% during 2017-2022. The entrance
of new international brands will also help in driving the sales of this sector
in the near future. The population of large women ratio and enhancement in the
disposable income are driving the sales of this category in Saudi Arabia.
Moreover, the key player are effectively working in this domain which make the
market more competitive and attract the new investors which can support the
market financially whereas, the new entrants of footwear retailers is also
operating the growth of this category more significantly. Whereas, in the near
future it is expected that the various international retailers are planning to
come in the Ukrainian market for gaining more profit and the Ostin is the
largest player in terms of value sales in 2017. The specialists are losing the
market share to online retail which is set to grow rapidly, as the online
platform is providing varieties of product to the
consumer. Therefore, in the coming years it is expected that the clothing and
footwear retailing in the Ukraine will grow more significantly over the
decades.
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