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The fashion retail sector is one which operates in an ever-changing landscape, influenced by shifting consumer preferences, technological advancements, and local and global economic trends.
Individual operators do not have reliable and timely market information at their disposal to be in a position to benchmark their performance against those of their competitors. The importance of market performance indicators in this sector is becoming increasingly important as the actual and prospective increase in the number of retail operators will inevitably have a bearing on the performance of both existing and new operators.
In the wake of the new post-Covid-19 realities of a changing market landscape and with a view to filling the market information ‘gap’, Deloitte has taken the initiative to re-launch its Fashion Retail Barometer .
The reports will highlight key performance indicators for the fashion retail segment including:
All the above are further segmented in accordance with the location of the outlets and whether the shops are based in shopping malls or on the high street.
Deloitte's Fashion Retail Barometer will provide valuable insights into an industry undergoing profound transformation. The convergence of digitalisation, sustainability and consolidation, data analytics, resilience, and creative collaborations are shaping the future of fashion retail. Brands that adapt to these trends and meet the evolving demands of consumers are poised for success in this dynamic landscape.
Copies of the report are sent to all participating fashion retailers free of charge.
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