About Fashion Retailing
Fashion retailing involves sales of apparel, clothing, and accessories by a group of company’s part of the fashion supply chain. Considering the changing fashion statements, retailers are emphasizing on using various techniques such as big data analytics and social media promotional strategies to strengthen their market establishment. As the brand continues to dominate the people's choices, experts opine that the ability to self-disrupt would be crucial to take an upper hand for the key players. The ever-expanding fallout surrounding the coronavirus pandemic has led to a major impact on the fashion industry. The introduction of lockdowns and containment policies has also led to the closure of malls. The brands said that the sales have fallen by as much as 70% since fears over the virus intensified starting earlier this month. Now after the effect, it is also observed that a few brands such as Gap, Hummel, Adidas, Aeropostale, and Asics, are offering discounts of 30-60% on various products. The high-profile events around the globe have also been canceled over the last few weeks as the Centers for Disease Control and Prevention enacted.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Fashion Retailing is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fashion Retailing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
H&M (Sweden), GAP Inc. (United States), Fast Retailing (Japan), Inditex (Spain), Unqlo (Japan), Boohoo (United Kingdom), Arcadia Group (United Kingdom), Zara (Spain) and The Limited (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Crew (United Kingdom) and Urbn (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fashion Retailing market by Type (Apparel, Footwear, Bags and Accessories) and Region.
On the basis of geography, the market of Fashion Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Men will boost the Fashion Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Use: Online, the sub-segment i.e. Desktop/ Laptop will boost the Fashion Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Online (Company Websites and E-Tailer Websites) will boost the Fashion Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode Of Payment, the sub-segment i.e. Cash on delivery will boost the Fashion Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumers Obsession towards Brands and Globally Converging Fashion due to Increased Travel
Market Growth Drivers:
Shift Towards Online Fashion Owing to Growth in E-commerce and Growing Demand of Fashion Retails Among Millennial Demography Fuelled By Celebrity Endorsement
Challenges:
Maintaining the Brand Loyalty for Service Providers and Streamlining the Consumers Journey and Creating Unique Experiences for Costumers
Restraints:
Volatility of Exchange Rate and Promptly Changing Fashion and High Cost of Fashion Retail Limiting Its Mass Adoption in Emerging Economies
Opportunities:
Transparency in maintaining Efficient Supply Chain and Growing Disposable Income in Emerging Countries
Market Leaders and their expansionary development strategies
In August 2021, Gap Inc. has acquired Drapr, an ecommerce startup and online application based on technology that enables customers to quickly create 3D avatars and virtually try on clothing.
In October 2023, H&M sales expand 40% in FY23, retains position as India’s largest fast fashion brand by revenues. Swedish fashion retailer Hennes & Mauritz (H&M) posted a 40% increase in sales in the year to March 2023, still managing to retain its position as India’s largest fast fashion brand by revenues on lower pricing.
Key Target Audience
Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises, Venture capitalists, Value-Added Resellers (VARS), Third-party knowledge providers, Investment bankers and Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.