"The clothing and footwear retail market in the CE region is likely to be worth more than €14bn in 2014"
We estimate
that in 2011 the fashion market in the six Central European (CE)
countries was worth almost €13bn, only 1% more than the previous year
when expressed in local currencies, but slightly less in euro. Half of
this was generated in Poland. The ten largest companies accounted for
28% of the market in the CE region, according to our calculations. The
latest PMR report “Clothing
and footwear retail market in Central Europe 2012. Bulgaria, Czech
Republic, Hungary, Poland, Romania and Slovakia. Market analysis and
development forecasts for 2012-2014” identified Inditex as a leader on the clothing and footwear market in the region.
The clothing and footwear market in Central Europe developed, albeit at a sluggish pace, between 2010 and 2012. All of the fashion markets in the CE region, with the exception of Poland, have observed figures lower than those achieved in the record year of 2008. Positive growth did not return to all of these markets last year, and some are expected to decline in terms of value this year. However, the medium-term outlook seems less bleak. Our forecasts suggest that there should be a modest improvement on the market in Central Europe over the next two years."
The clothing and footwear market in Central Europe developed, albeit at a sluggish pace, between 2010 and 2012. All of the fashion markets in the CE region, with the exception of Poland, have observed figures lower than those achieved in the record year of 2008. Positive growth did not return to all of these markets last year, and some are expected to decline in terms of value this year. However, the medium-term outlook seems less bleak. Our forecasts suggest that there should be a modest improvement on the market in Central Europe over the next two years."
