Norway Apparel & Footwear Market Discussed by Euromonitor International in In-demand Study Now Available at MarketPublishers.com04 Jun 2015 • by Natalie Aster
LONDON – The Norwegian apparel and footwear market performed stably as of 2014, experiencing a current value growth rate of 2%. However, this growth was lagging behind that of the current value CAGR during 2009-2014. The country’s apparel and footwear sales kept on being driven by the strength of the national economy, which resulted in higher average income levels in 2014 and the sustained strong consumer buying power.
Companies like Varner-Gruppen and H&M continued to be take the lead in the apparel and footwear category in 2014. The firm’s dominant positions were supported by their business models in which proper quality clothing is offered at highly competitive prices along with easy accessibility provided via a vast range of outlets in key urban centres.
Through to 2019-end, apparel and footwear is set to show negative performance, with its value decreasing at 1% CAGR at constant prices for 2014. This is expected to result from ongoing cuts in constant value retail prices which bigger companies will be able to provide whilst still keeping proper standards in the quality of their products. Meantime, volume sales are anticipated to perform positively during the forecast period.
In-demand research study “Apparel and Footwear in Norway” drawn up by Euromonitor International provides insight into, and an in-depth analysis of the Norwegian apparel and footwear market. It contains the actual retail sales value and volume data for 2009-2014 and a detailed analysis based on distribution format, which is key to identifying the sectors propelling growth. The report presents the competitive intelligence on the market leaders and top brands and their market shares, alongside an analysis of key factors shaping the marketplace. The study tracks the most recent industry developments, reviews supply and demand side trends, offers granular segmentation of foreign and local products, examines the competitive threats and opportunities. In-depth industry forecasts through to 2019 are provided as well.
Apparel and Footwear in Norway
Published: May, 2015
Price: US$ 2,100.00
More reports by the publisher can be found at Euromonitor page.