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Clothing, Footwear & Leather Goods Retailing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 4771 April 2024 Spotlight Report

Revenue

€259.7bn

2019-2024 8.4 %
2024-2029 X.X %

Employees

3m

2019-2024 1.5 %
2024-2029 X.X %

Businesses

510k

2019-2024 0.6 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Clothing, Footwear & Leather Goods Retailing in Europe industry analysis

Clothing, footwear and leather goods retailing revenue is expected to contract at a compound annual rate of 8.4% over the five years through 2024 due to challenging economic conditions. Nevertheless, the industry has benefitted from the steep climb in the number of photos and videos posted online, Europeans wanting to look chic and fast affordable fashion. At the same time, the luxury market has been propelled by high inbound tourism and travellers taking advantage of duty-free shopping and differences in exchange rates making some goods cheaper abroad than at home.

European coverage with a localised twist

  • Market estimates from 2014-2029
  • Detailed reports analysing industry performance, market dynamics and company data, compared across countries
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Industry Statistics and Trends

Clothing, Footwear & Leather Goods Retailing in Europe key trends

Fast fashion faces backlash.

 

The low-cost, high-volume model suffers due to increasing consumer and regulatory scrutiny over environmental and social impacts, pushing giants like Inditex and H&M to launch more sustainable strategies.

Luxury retail keeps physical stores alive.

 

Despite rising online sales and digital transformation, shoppers still crave indulgence and experience. France will retain its crown as Europe's luxury mecca.

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Clothing, Footwear & Leather Goods Retailing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Clothing, Footwear & Leather Goods Retailing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 8.4 % over the past five years, to reach an estimated €259.7bn in 2024.

Trends and Insights

Social media plays a vital role in determining fashion trends

  • The dramatic increase in the number of photos and videos posted online and the desire to look chic on social platforms encourages shoppers to refresh their wardrobes to stay relevant.

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Clothing, Footwear & Leather Goods Retailing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Social media continues gaining ground

  • Social media is changing how young people shop. Instagram click-through-ads and live shopping create a sense of urgency, but it's also convenient – shoppers can look, discover, research and buy a product all in one place.

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Revenue

€259.7bn

2019-2024 8.4 %
2024-2029 X.X %

Employees

3m

2019-2024 1.5 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 1.5 % *
  • Job Growth

Top 5 Countries

  1. Bosnia & Herzegovina +6.5%
  2. Slovakia +2.9%
  3. Netherlands +0.3%
  4. Slovenia +0.1%
  5. Turkey 0.0%

Bottom 5 Countries

  1. Italy -6.2%
  2. Ireland -3.8%
  3. Malta -3.6%
  4. Spain -3.0%
  5. Iceland -2.4%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Clothing, Footwear & Leather Goods Retailing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Industria de Diseño Textil SA
41,072.5
13,006.5
31.7
LVMH Moët Hennessy Louis Vuitton SA
97,285.5
27,548.4
28.3
H&M Hennes & Mauritz AB
23,154.9
1,264.3
5.5

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Clothing, Footwear & Leather Goods Retailing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Clothing, Footwear & Leather Goods Retailing industry in Europe in 2024?

The market size of the Clothing, Footwear & Leather Goods Retailing industry in Europe is €259.7bn in 2024.

How many businesses are there in the Clothing, Footwear & Leather Goods Retailing in Europe industry in 2024?

There are 510k businesses in the Clothing, Footwear & Leather Goods Retailing industry in Europe, which has declined at a CAGR of 0.6 % between 2019 and 2024.

Has the Clothing, Footwear & Leather Goods Retailing industry in Europe grown or declined over the past 5 years?

The market size of the Clothing, Footwear & Leather Goods Retailing industry in Europe has been declining at a CAGR of 8.4 % between 2019 and 2024.

What is the forecast growth of the Clothing, Footwear & Leather Goods Retailing industry in Europe over the next 5 years?

Over the next five years, the Clothing, Footwear & Leather Goods Retailing industry in Europe is expected to grow.

What does the Clothing, Footwear & Leather Goods Retailing in Europe include?

Clothing and Footwear are part of the Clothing, Footwear & Leather Goods Retailing industry.

Which countries have the most businesses in the Clothing, Footwear & Leather Goods Retailing industry in Europe?

The European country with the most businesses in the Clothing, Footwear & Leather Goods Retailing industry is Russia.

How competitive is the Clothing, Footwear & Leather Goods Retailing industry in Europe?

The level of competition is high and increasing in the Clothing, Footwear & Leather Goods Retailing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Clothing, footwear and leather goods retailers source items from wholesalers or manufacturers and sell them to consumers. Most companies sell goods from one or more retail locations and often operate an online store as well.

Related Terms

FAST FASHIONFREE TRADE AGREEMENTE-TAILERS

What's included in this industry?

Clothing FootwearLeather goodsDelivery receipts

Companies

Industria de Diseño Textil SALVMH Moët Hennessy Louis Vuitton SAH&M Hennes & Mauritz AB

Industry Code

ISIC 2006

4771 - Retail sale of clothing, footwear and leather articles in specialized stores in Europe

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Performance

Key Takeaways

Social media plays a vital role in determining fashion trends

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Revenue Highlights

Trends
  • Revenue
  • Current Year Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
  • Employees in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
  • Business in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
  • Profit in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Clothing, Footwear & Leather Goods Retailing in Europe industry?


Outlook

Analysis

What's driving the Clothing, Footwear & Leather Goods Retailing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Clothing, Footwear & Leather Goods Retailing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Clothing, Footwear & Leather Goods Retailing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Fierce online competition hits clothing sales. As fashion evolves, online retailers and clothing rental platforms are rapidly drawing customers away from traditional stores with their ability to cater to varied tastes and occasions.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Clothing, Footwear & Leather Goods Retailing in Europe industry's products and services performing?

Analysis

What are innovations in the Clothing, Footwear & Leather Goods Retailing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Clothing, Footwear & Leather Goods Retailing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The sheer volume of small retailers makes the industry competitive. Clothing, footwear and accessories retailers can differentiate themselves and benefit from sticking to specific markets or business models, like budget vs luxury or casual vs formal attire.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Industria de Diseño Textil SA
  • Countries of operation for LVMH Moët Hennessy Louis Vuitton SA
  • Countries of operation for H&M Hennes & Mauritz AB
  • Countries of operation for Associated British Foods plc
  • Countries of operation for Nike Inc
  • Countries of operation for Kering SA
  • Countries of operation for Hermes International SAC
  • Countries of operation for Adidas AG
  • Countries of operation for Fast Retailing Co Ltd
  • Countries of operation for Prada Group SpA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

The Digital Services Tax affects retailers with online operations. Large companies, especially multinational fashion retailers with broad online footprints, are liable to pay tax in proportion to their earnings in each market they operate in.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Clothing, Footwear & Leather Goods Retailing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

High-street retailers’ profit comes under pressure. Heightened price competition, the rise of sustainable fashion and a shift toward second-hand and rented clothing are constraining retailers’ returns.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Clothing, Footwear & Leather Goods Retailing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.