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Coronavirus (COVID-19) Impact on Global Apparel Industry - Sector Impact Analysis

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  • 47 Pages
  • August 2020
  • Region: Global
  • GlobalData
  • ID: 5142224
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This report provides an overview on the impact of COVID-19 on Global Apparel Market, key retailers and shopping behaviours which include year-on-year growth of the apparel market globally, top ten apprel markets and top 10 worst hit markets globally etc..

The publisher forecasts that COVID-19 will wipe US$297bn from the global apparel market in 2020 - a 15.2% decline on 2019. The 10 worst impacted markets, in terms of value, will represent 85.0% of this total loss, with mature markets suffering the hardest - the US will account for 42% of all lost spend, which will contribute to yet more major retail chains filing for Chapter 11.

  • Brands can gain consumer trust by engaging with them and adopting safety measures
  • Consumers are increasingly receptive to how the world is changing around them
  • Consumers exhibit extreme concerns over the global economic situation
  • Preferences for credit card payments have gradually increased throughout the past 10 weeks
  • Appeal of contactless convenient payments suggest e-commerce will continue to become entrenched consumer behavior
  • Apparel retailers must leverage technology to offer store like shopping experience on websites to encourage customers to shop online

Reasons to Buy
  • Gain a comprehensive view of the Apparel market and forecasts to 2024
  • Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the apparel market
  • Investigate current and forecast trends in Apparel to identify the opportunities offering the most potential
  • Understand who the main competitors are in the market and their price positioning

Table of Contents

  • Key Conclusions
  • COVID-19 Impact on Apparel Industry
  • Global apparel expenditure year-on-year growth
  • Top 10 apparel markets 2019 & 2023
  • Top 10 worst hit apparel markets
  • Apparel market growth (%) in local currency
  • COVID-19 Impact on Shopping Behavior

Sector Analysis
  • Apparel impact assessment
  • Apparel sub-sector impact
  • Apparel value chain impact
  • Apparel mitigation strategies
  • Apparel COVID-19 thematic score

  • Covid-19 Impact on Key Apparel Retailers
  • Case Studies
  • Appendix

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Wal-Mart
  • Amazon
  • JD.Com
  • Nike. Inc
  • ABF
  • Primark
  • Macy’s
  • The Gap Inc
  • Target Corp.
  • Fast Retailing
  • H&M
  • Inditex
  • Kohl’s Corp
  • Ross Stores
  • Nordstrom
  • LVMH
  • Kering
  • JC Penney
  • The TJX Companies
  • Zalando
  • Adidas