Structural Transformation in the Apparel Market Driven by Store Closures, the Withdrawal of Foreign Fast-Fashion Retailers, and E-Commerce Expansion
First written in FY2020. . Latest entry: FY2024.
The whole theme swung hardest in 2018: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2024Recovery Trend Coexisting with Demand for Lower Prices and CasualwearAnnual report
「Although the domestic apparel market is on a recovery trend as the movement of people increases with the subsiding of COVID-19, spending on clothing remains sluggish due to the established preference for lower prices, the persistence of casualwear trends, and rising prices for necessities.」
Regarding the market structure, the Company presents both the recovery trend driven by increased movement of people and the weakness in clothing spending caused by preferences for lower prices, casualwear trends, and rising prices. - FY2020First statedAnnual report
「In addition, major apparel manufacturers and major general merchandise stores are reducing the space allocated to clothing, while some foreign fast-fashion retailers are withdrawing from Japan. At the same time, apparel sales through e-commerce are steadily increasing, and the apparel market is entering a major period of transformation.」
The Company states independently for the first time that reductions in store space, the withdrawal of foreign fast-fashion retailers, and increased e-commerce sales represent structural changes in the apparel market.