Abstract
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive
environment
Product coverage
Clothing; Footwear
Executive summary
Italians like branded and good quality clothes
Traditionally Italians like to dress well and spend money on clothing and
footwear. Style, fashion and quality are important components of the
purchasing decision, especially in the northern part of the country. This
partly derives from the long-standing Italian tradition when it comes to
producing fashionable products, like clothes and footwear.
Fashion targeted at both women and men
Most Italians follow fashion, particularly in Milan and in the other big
cities of the north and centre of Italy. Milan and Rome are the two most
important centres for Italian and international fashion, with designers
organising world famous fashion shows. Milan hosts a fashion week every year,
at which famous designers present their new clothes collections at fashion
shows. Both Italian females and males have a strong sense of fashion. Over the
past 5-10 years, males became more interested in fashion and new trends.
Sluggish economy made Italians consider value-for-money clothes
As the economic climate in Italy is sluggish, a growing number of consumers
are being forced to consider the value-for-money option. Sales periods
accounted for an increasing share of volume sales of clothing and footwear in
retail stores, while the cheapest clothes can be found in
hypermarkets/supermarkets and public markets.
Cheap Asian imports are increasingly in demand...
The domestic market suffered from the increase in demand for cheaper imported
products, particularly those sourced from China and the Far East. The footwear
sector was particularly hard hit. As a consequence, Italian manufacturers are
now pursuing a global strategy focused on price and service, in order to
strengthen the quality image of the "made in Italy" trademark.
...and Italian production is heading East
There was a major shift in production of both clothing and footwear away from
Italy to low-cost production locations, primarily in the Far East or Eastern
Europe. To compensate for this shift in production, leading Italian
manufacturers began to emphasise expertise in product design in order to add
value to the finished product.
Independents under pressure from multiples and mass retail
Italian consumers mainly prefer to buy clothing and footwear in independent
shops. Usually shops are closer to consumers and offer personal contact, good
service and unique pieces of clothing and footwear. However, the position of
these independent retailers was weakened by increasing pressure from multiples
and hypermarkets/ supermarkets, which are better able to face the new
challenges of cheap mass imports than independent outlets.