1. 1 A Service APPAREL INSIGHT DECK 2013 Retail sector overview and key trends September 2013 ISABEL CAVILL Senior Retail Analyst

2. 2 1.Outlook 2.Sector Overview 3.Key Trends 4.Further Reading Contents

3. 1. Outlook

4. 4 4.39% 6.92% 7.21% 2.18% 4.86% 0.91% 7.97% 0.73% -1.0% -0.48% 5-yr CAGR Walmart continues to dominate global apparel sales although it is the fashion specialists that are seeing the most CAGR growth. In the US, off-price chains like TJX and Ross Stores are forecast to see significant sales gains at the expense of multi-branded department stores such as Kohl’s and JCPenney. Note: f – forecast. Source: Planet Retail Apparel Category Sales: Global Top 10 Retailers by Banner Sales, 2012-2017 (USD bn)

5. 5 Source: Planet Retail Inditex is forecast to retain its position as leading apparel specialist in 2017. Note: f – forecast. Source: Planet Retail However, Planet Retail forecasts a shake-up within the Top 3 by 2017 as Fast Retailing challenges the positions of both Gap and C&A.