Category: Men's Apparel

Tags: south africa apparel and footwear market research report, apparel and footwear market outlook, apparel and footwear market trends, apparel and footwear market forecast, apparel and footwear market segment, apparel and footwear market by product, apparel and footwear market by region

Apparel and Footwear in South Africa Market Segment | Share | Forecast (2023) South Africa’s economy remained under a cloud in 2018 with high unemployment and only slow growth in GDP. With disposable income shrinking and the cost of living rising many consumers restricted their non-essential spending. This continued to have a negative impact on apparel and footwear in South Africa with the industry seeing a decline in retail volume terms. In order to stimulate sales retailers were forced to use discount sales on a more frequent basis, while consumers increasingly went in...