New threads: Brands are expected to fine tune their online shopping experiences
The Online Designer Clothing Sales industry has grown rapidly for more than a decade, as consumers have increasingly shifted toward shopping online. Growing disposable income and consumer confidence during most of the period have supported growing demand for luxury goods. These macroeconomic factors have expanded consumer wallets, enabling shoppers to splurge more often on the luxury goods sold by industry operators. More broadband connections have made it easier than ever for shoppers to access e-tailers and purchase industry goods. Combined, these factors have led industry revenue to expand over the past few years, rising at a CAGR of 7.6% to $15.6 billion, including an increase of 2.7% in 2023 alone. Industry profit has increased along with revenue.
This industry sells designer apparel, shoes and accessories online. Industry operators may offer various brands or a single designer’s collections. Designer clothing carries the logo or name of a recognized designer; however, the designer does not always create the clothing. Designer apparel is often created under a licensing agreement with a manufacturing company.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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Methodology
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