Industry Statistics and Trends
Clothing, Footwear & Leather Goods Retailing in Europe key trends
Fast fashion faces backlash.
The low-cost, high-volume model suffers due to increasing consumer and regulatory scrutiny over environmental and social impacts, pushing giants like Inditex and H&M to launch more sustainable strategies.
Luxury retail keeps physical stores alive.
Despite rising online sales and digital transformation, shoppers still crave indulgence and experience. France will retain its crown as Europe's luxury mecca.
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Clothing, Footwear & Leather Goods Retailing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Clothing, Footwear & Leather Goods Retailing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 8.4 % over the past five years, to reach an estimated €259.7bn in 2024.
Trends and Insights
Social media plays a vital role in determining fashion trends
- The dramatic increase in the number of photos and videos posted online and the desire to look chic on social platforms encourages shoppers to refresh their wardrobes to stay relevant.
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Clothing, Footwear & Leather Goods Retailing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Social media continues gaining ground
- Social media is changing how young people shop. Instagram click-through-ads and live shopping create a sense of urgency, but it's also convenient – shoppers can look, discover, research and buy a product all in one place.
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Revenue
€259.7bn
Employees
3m
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Bosnia & Herzegovina +6.5%
- Slovakia +2.9%
- Netherlands +0.3%
- Slovenia +0.1%
- Turkey 0.0%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Clothing, Footwear & Leather Goods Retailing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Industria de Diseño Textil SA | 41,072.5 | 13,006.5 | 31.7 | |
LVMH Moët Hennessy Louis Vuitton SA | 97,285.5 | 27,548.4 | 28.3 | |
H&M Hennes & Mauritz AB | 23,154.9 | 1,264.3 | 5.5 |
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Clothing, Footwear & Leather Goods Retailing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Clothing, Footwear & Leather Goods Retailing industry in Europe in 2024?
The market size of the Clothing, Footwear & Leather Goods Retailing industry in Europe is €259.7bn in 2024.
How many businesses are there in the Clothing, Footwear & Leather Goods Retailing in Europe industry in 2024?
There are 510k businesses in the Clothing, Footwear & Leather Goods Retailing industry in Europe, which has declined at a CAGR of 0.6 % between 2019 and 2024.
Has the Clothing, Footwear & Leather Goods Retailing industry in Europe grown or declined over the past 5 years?
The market size of the Clothing, Footwear & Leather Goods Retailing industry in Europe has been declining at a CAGR of 8.4 % between 2019 and 2024.
What is the forecast growth of the Clothing, Footwear & Leather Goods Retailing industry in Europe over the next 5 years?
Over the next five years, the Clothing, Footwear & Leather Goods Retailing industry in Europe is expected to grow.
What does the Clothing, Footwear & Leather Goods Retailing in Europe include?
Clothing and Footwear are part of the Clothing, Footwear & Leather Goods Retailing industry.
Which countries have the most businesses in the Clothing, Footwear & Leather Goods Retailing industry in Europe?
The European country with the most businesses in the Clothing, Footwear & Leather Goods Retailing industry is Russia.
How competitive is the Clothing, Footwear & Leather Goods Retailing industry in Europe?
The level of competition is high and increasing in the Clothing, Footwear & Leather Goods Retailing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Clothing, Footwear & Leather Goods Retailing in Greece
- Clothing, Footwear & Leather Goods Retailing in Romania
- Clothing, Footwear & Leather Goods Retailing in Norway
- Clothing, Footwear & Leather Goods Retailing in Italy
- Clothing, Footwear & Leather Goods Retailing in Sweden
- Clothing, Footwear & Leather Goods Retailing in Poland
- Clothing, Footwear & Leather Goods Retailing in Cyprus
- Clothing, Footwear & Leather Goods Retailing in Latvia
- Clothing, Footwear & Leather Goods Retailing in Luxembourg
- Clothing, Footwear & Leather Goods Retailing in Russia
- Clothing, Footwear & Leather Goods Retailing in Slovakia
- Clothing, Footwear & Leather Goods Retailing in Hungary
- Clothing, Footwear & Leather Goods Retailing in Denmark
- Clothing, Footwear & Leather Goods Retailing in Turkey
- Clothing, Footwear & Leather Goods Retailing in Malta
- Clothing, Footwear & Leather Goods Retailing in Bosnia & Herzegovina
- Clothing, Footwear & Leather Goods Retailing in Austria
- Clothing, Footwear & Leather Goods Retailing in France
- Clothing, Footwear & Leather Goods Retailing in Lithuania
- Clothing, Footwear & Leather Goods Retailing in the Netherlands
- Clothing, Footwear & Leather Goods Retailing in Estonia
- Clothing, Footwear & Leather Goods Retailing in Slovenia
- Clothing, Footwear & Leather Goods Retailing in Iceland
- Clothing, Footwear & Leather Goods Retailing in Europe
- Clothing, Footwear & Leather Goods Retailing in Spain
- Clothing, Footwear & Leather Goods Retailing in Portugal
- Clothing, Footwear & Leather Goods Retailing in Serbia
- Clothing, Footwear & Leather Goods Retailing in Belgium
- Clothing, Footwear & Leather Goods Retailing in Czechia
- Clothing, Footwear & Leather Goods Retailing in Finland
- Clothing, Footwear & Leather Goods Retailing in Croatia
- Clothing, Footwear & Leather Goods Retailing in Bulgaria
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
Industria de Diseño Textil SALVMH Moët Hennessy Louis Vuitton SAH&M Hennes & Mauritz ABIndustry Code
4771 - Retail sale of clothing, footwear and leather articles in specialized stores in Europe
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Performance
Key Takeaways
Social media plays a vital role in determining fashion trends
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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 in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
- Employees in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
- Business in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
- Profit in the Clothing, Footwear & Leather Goods Retailing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Clothing, Footwear & Leather Goods Retailing in Europe industry?
Outlook
Analysis
What's driving the Clothing, Footwear & Leather Goods Retailing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Clothing, Footwear & Leather Goods Retailing in Europe 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 Europe 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 Europe industry's products and services performing?
Analysis
What are innovations in the Clothing, Footwear & Leather Goods Retailing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Clothing, Footwear & Leather Goods Retailing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
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)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (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
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Industria de Diseño Textil SA
- Countries of operation for LVMH Moët Hennessy Louis Vuitton SA
- Countries of operation for H&M Hennes & Mauritz AB
- Countries of operation for Associated British Foods plc
- Countries of operation for Nike Inc
- Countries of operation for Kering SA
- Countries of operation for Hermes International SAC
- Countries of operation for Adidas AG
- Countries of operation for Fast Retailing Co Ltd
- Countries of operation for Prada Group SpA
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 Europe 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 Europe 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?
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