Industry Statistics and Rankings
How does this industry perform in Finland compared to Europe?
Country Benchmarking
Industry Data Finland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#21 In EuropeBusiness
#26 In EuropeEmployees
#23 In EuropeWages
#20 In EuropeClothing, 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.
Enterprises
Number of businesses in 2024
Biggest companies in the Clothing, Footwear & Leather Goods Retailing in Finland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Clothing, Footwear & Leather Goods Retailing in Finland industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Clothing, Footwear & Leather Goods Retailing industry in Finland in 2024?
The market size of the Clothing, Footwear & Leather Goods Retailing industry in Finland is €1.2bn in 2024.
How many businesses are there in the Clothing, Footwear & Leather Goods Retailing in Finland industry in 2024?
There are 1,304 businesses in the Clothing, Footwear & Leather Goods Retailing industry in Finland, which has declined at a CAGR of 0.9 % between 2019 and 2024.
Has the Clothing, Footwear & Leather Goods Retailing industry in Finland grown or declined over the past 5 years?
The market size of the Clothing, Footwear & Leather Goods Retailing industry in Finland has been declining at a CAGR of 5.1 % between 2019 and 2024.
What is the forecast growth of the Clothing, Footwear & Leather Goods Retailing industry in Finland over the next 5 years?
Over the next five years, the Clothing, Footwear & Leather Goods Retailing industry in Finland is expected to decline.
What does the Clothing, Footwear & Leather Goods Retailing in Finland include?
Clothing and Footwear are part of the Clothing, Footwear & Leather Goods Retailing industry.
How competitive is the Clothing, Footwear & Leather Goods Retailing industry in Finland?
The level of competition is moderate and steady in the Clothing, Footwear & Leather Goods Retailing industry in Finland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Department Stores in Finland
- E-Commerce in Finland
Complementors
- Clothing Manufacturing in Finland
- Textile Retailing in Finland
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-TAILERSWhat's included in this industry?
Clothing FootwearLeather goodsDelivery receiptsCompanies
Industry Code
4771 - Retail sale of clothing, footwear and leather articles in specialized stores in Finland
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 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
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Clothing, Footwear & Leather Goods Retailing in Finland industry?
Outlook
Analysis
What's driving the Clothing, Footwear & Leather Goods Retailing in Finland industry outlook?
Volatility
Analysis
What influences volatility in the Clothing, Footwear & Leather Goods Retailing in Finland 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 Finland 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.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Clothing, Footwear & Leather Goods Retailing in Finland industry's products and services performing?
Analysis
What are innovations in the Clothing, Footwear & Leather Goods Retailing in Finland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Clothing, Footwear & Leather Goods Retailing in Finland industry?
International Trade
Highlights
- Total Imports into Finland
- Total Exports into Finland
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)
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.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Clothing, Footwear & Leather Goods Retailing in Finland located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
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.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Clothing, Footwear & Leather Goods Retailing in Finland 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.
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 Finland 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.
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