Clothing & Footwear Retailing in Belgium– Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

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Published: June 01, 2016 Report Code: RT0391SR-ST

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Belgium’s retail market for clothing is estimated to grow at a CAGR of 1.79% over the next five years, to reach EUR6, 6.9 billion by the end of 2020. The share of the clothing sector in overall retail sales is set to reach 9.05% by 2020, from 9.03% in 2015. Over the forecast period, the per capita spending on clothing is forecast to grow at a CAGR of 1.4%.

Scope

• Increasing penetration of Smartphone's, wider choice of products and convenience is driving the sales of clothing and footwear through the online channel

• Women categories dominate the clothing and footwear market in 2015

• Online retail sales in the clothing sector accounted for 9% of total clothing sales in 2015.

Reasons to Buy

Gain a comprehensive knowledge on clothing and footwear sector in the Belgium retail market and develop a competitive advantage from the start of your supply chain

Investigate current and forecast behavior trends in clothing and footwear category to identify the best opportunities to exploit

Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior

Understand the fastest growing categories including menswear, women swear, children swear, men’s footwear, women’s footwear and children’s footwear in the market, with insights on performance across key channels from 2010, with forecasts until 2020

Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the clothing and footwear market

Analysis of key international and domestic players operating in the clothing and footwear market – including store counts and revenues that give you a competitive edge – identify opportunities to improve your market share.

JBC
Benetton Group S.p.A. Inditex
ZEB
WE
Bellerose
Farftech
Emporio Armani
Bonita
Hermes
Madeandmore
Yoox.com
Avance/Shoe Discount
Ambiorix
Brantano
Torfs
Keen footwear and Hudson shoes

Table of Contents

1 Introduction

1.1 What is this Report About?

2 Executive Summary & Outlook

3 Market Context

3.1 A steadily growing economy with opportunities for retailers

3.1.1 A modest recovery in the economy, indicates a gradual improvement in retail spending

3.1.2 Stable savings rate shows a consistency in retail consumption

3.1.3 Service remains the dominant sector for employment

3.1.4 Improving labour market set to drive retail spending

3.1.5 Improving inflation level may influence retail sales growth

3.1.6 Household consumption expenditure is set to grow with a rise in income

3.2 Balanced demography and social rise in the economy will favour retail market

4 Belgian Shoppers

4.1 Belgium E- Commerce- A poised domestic market

4.2 Belgian food and grocery retailing and changing market leaders

4.3 Belgium- The land of fashion

4.4 Increasing inbound tourists offering growth opportunities in retail sector

5 Doing Business in Belgium

5.1 Summary

5.1.1 Bureaucracy

5.1.2 Business culture

5.1.3 Geography

5.1.4 Infrastructure and logistics

5.2 Key taxation policies

5.3 Belgian tax break is now termed illegal by the European Union

6 Retail – Product Sectors

6.1 Product Sector Analysis

6.1.1 Clothing

6.1.2 Footwear

6.2 Clothing and Footwear Category Analysis

6.2.1 Clothing

6.2.2 Footwear

6.3 Major Retailers

6.3.1 Clothing

6.3.2 Footwear

7 Appendix

7.1 Definitions

7.1.1 This report provides 2014 actual sales; while forecasts are provided for 2015 – 2019

7.2 Summary Methodology

7.2.1 Overview

7.2.2 The triangulated market sizing method

7.2.3 Industry surveys in the creation of retail market data

7.2.4 Quality control and standardized processes

7.3 About Verdict Retail

7.4 Disclaimer

Table

Table 1: Belgium Clothing Retail Sales (EUR bn), by Product Sub-Category, 2010-2015

Table 2: Belgium Clothing Retail Sales (EUR bn), by Product Sub-Category, 2015-2020

Table 3: Belgium Footwear Retail Sales (EUR bn), by Product Sub-Category, 2010-2015

Table 4 Belgium Footwear Retail Sales (EUR bn), by Product Sub-Category, 2015-2020

Table 5: Belgium Clothing Retail Sales (EUR mn), by Channel Group, 2010-2015

Table 6: Belgium Clothing Retail Sales Forecast (EUR mn), by Channel Group, 2015-2020

Table 7: Belgium Clothing Retail Sales (US$ mn), by Channel Group, 2010-2015

Table 8: Belgium Clothing Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020

Table 9: Belgium Clothing Retail Segmentation, by Channel Group, 2010-2020

Table 10: Belgium Clothing Retail Sales (EUR mn), by Sub-Category, 2010-2015

Table 11: Belgium Clothing Retail Sales Forecast (EUR mn), by Sub-Category, 2015-2020

Table 12: Belgium Clothing Retail Sales (US$ mn), by Sub-Category, 2010-2015

Table 13: Belgium Clothing Retail Sales Forecast (US$ mn), by Sub-Category, 2015-2020

Table 14: Belgium Clothing Retail Segmentation, by Sub-Category, 2010-2020

Table 15: Belgium Footwear Retail Sales (EUR mn), by Channel Group, 2010-2015

Table 16: Belgium Footwear Retail Sales Forecast (EUR mn), by Channel Group, 2015-2020

Table 17: Belgium Footwear Retail Sales (US$ mn), by Channel Group, 2010-2015

Table 18: Belgium Footwear Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020

Table 19: Belgium Footwear Retail Segmentation, by Channel Group, 2010-2020

Table 20: Belgium Footwear Retail Sales (EUR mn), by Sub-Category, 2010-2015

Table 21: Belgium Footwear Retail Sales Forecast (EUR mn), by Sub-Category, 2015-2020

Table 22: Belgium Footwear Retail Sales (US$ mn), by Sub-Category, 2010-2015

Table 23: Belgium Footwear Retail Sales Forecast (US$ mn), by Sub-Category, 2015-2020

Table 24: Belgium Footwear Retail Segmentation, by Sub-Category, 2010-2020

Table 25: Key Clothing Retailers in Belgium

Table 26: Key Footwear Retailers in Belgium

Table 27: Belgium Exchange Rate EUR-US$ (Annual Average), 2009-2014

Table 28: Belgium Exchange Rate EUR-US$ (Annual Average), 2015-2019

Table 29: Verdict Retail Channel Definitions

Table 30: Verdict Retail Category Definitions

Figures

Figure 1: GDP Values (Current US$) billion, 2010-2015

Figure 2: Growth Rate of GDP (Constant US$), 2010-2015

Figure 3: GDP Value and Growth (EUR billion, %), 2010-2015

Figure 4: Forecasts for GDP Value and Growth (EUR billion, %), 2015-2020

Figure 5: Gross domestic savings (% of GDP) 2005-2015

Figure 6: Share of Employment by Sector (%), 2005 and 2015

Figure 7: Unemployment Rate (%), 2005-2015

Figure 8: Inflation Growth Rates (%), 2005-2015

Figure 9: Household Consumption Expenditure of Belgium (EUR Billion), 2005 and 2015

Figure 10: Household Consumption Expenditure of Major Countries (US$ Billion), 2015

Figure 11: Growth of Household Consumption Expenditure (%), 2005-2015

Figure 12: Total Population and Growth Rate (Millions, %), 2005-2020

Figure 13: Population Split by Gender (%), 2015 and 2020E

Figure 14: Population Split by Age Group (%), 2015 and 2020E

Figure 15: Per Capita Spend on Retail (EUR), 2005 and 2015

Figure 16: Per Capita Spend (EUR) on Retail by Age Group (%), 2005 and 2015

Figure 17: Rural and Urban Populations (% of total population) 2005, 2015E and 2020E

Figure 18: Major Cities with High Spend on Retail

Figure 19: Doing Business in Belgium

Figure 20: Share of Clothing in overall Retail 2015 and 2020

Figure 21: Retail Sales Value and Growth (EUR billion, %) of Clothing 2015-2020

Figure 22: Spend-per-Head on Clothing 2015 and 2020

Figure 23: Share of Clothing by Women's Wear, Men's Wear and Children's Wear 2015 and 2020

Figure 24: Children swear Sales Value and Growth (EUR billion, %) 2015-2020

Figure 25: Menswear Sales Value and Growth (EUR billion, %) 2015-2020

Figure 26: Women swear Sales Value and Growth (EUR billion, %) 2015-2020

Figure 27: Online Spend in Clothing 2015-2020

Figure 28: Online Share of Total Clothing Spend 2015 and 2020

Figure 29: Spending per Channel in Clothing (%) 2015 and 2020

Figure 30: Share of Footwear in Total Retail 2015 and 2020

Figure 31: Retail Sales Value and Growth (EUR billion, %) of Footwear 2015-2020

Figure 32: Spend-per-Head on Footwear 2015 and 2020

Figure 33: Share of Footwear by Women's Footwear, Men's Footwear and Children's Footwear 2015 and 2020

Figure 34: Women's Footwear Sales Value and Growth (EUR billion, %) 2015-2020

Figure 35: Men's Footwear Sales Value and Growth (EUR billion, %) 2015-2020

Figure 36: Children's Footwear Sales Value and Growth (EUR billion, %) 2015-2020

Figure 37: Online Spend in Footwear 2015-2020

Figure 38: Online Share of total Footwear Spend 2015 and 2020

Figure 39: Spending per Channel in Footwear (%) 2015 and 2020

Figure 40: Belgium Clothing Retail Sales and Forecast (EUR mn), by Channel Group, 2010-2020

Figure 41: Belgium Clothing Retail Sales and Forecast (EUR mn), by Sub-Category, 2010-2020

Figure 42: Belgium Footwear Retail Sales and Forecast (EUR mn), by Channel Group, 2010-2020

Figure 43: Belgium Footwear Retail Sales and Forecast (EUR mn), by Sub-Category, 2010-2020

Figure 44: The Triangulated Market Sizing Methodology

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