Clothing & Footwear Retailing in South Korea Industry (2019)

Jan 13 2016 Mumbai, India: Bharatbook.com announces a report on “ Clothing & Footwear Retailing in South Korea Industry (2019) ”. Understand the fastest growing categories including menswear, womenswear, childrenswear, men’s footwear, women’s footwear and children’s footwear in the market, with insights on performance across key channels from 2009, with forecasts until 2019.

Summary

South Korea’s retail market for clothing is estimated to grow at a robust CAGR of 7% over the next five years, to reach KRW34,345 billion by the end of 2019. The share of the clothing sector in overall retail sales is set to reach 9.3% by 2019, from 8.4% in 2014. As of 2014, the footwear category captured a 2.5% share of the overall retail market in South Korea. The footwear market is expected to reach a value of KRW11,181 billion in 2019, growing at a CAGR of 8.8% during 2014-2019. The footwear category is expected to witness robust growth over the analysis period backed by strong demand for quality footwear.

Key Findings

• Increasing penetration of smartphones, wider choice of products and convenience is driving the sales of clothing and footwear through the online channel.

• Footwear sales are expected to grow at a robust CAGR of 8.8% during 2014-2019

• Department stores command the major share, accounting for 41.6% of total sales in the clothing sector.

Synopsis

“Clothing & Footwear Retailing in South Korea– Market Summary & Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019.

What else does this report offer?

• A thorough analysis of consumer trends changing economic and population factors

• Both qualitative and quantitative insights and analysis of the shifting clothing and footwear retail dynamics for men’s clothing, women’s clothing, children’s clothing, men’s footwear, women’s footwear, and children’s footwear from 2009 to 2019

• Sales of clothing and footwear products through the...