As digital technologies and AI become more integrated, the demand for luxury apparel is predicted to increase.Wilmington, Delaware, United States, Dec. 15, 2023 (GLOBE NEWSWIRE) Transparency Market Research Inc. - Global luxury apparel sales reached US$ 75.1 Billion in 2020. From 2021 to 2031, the market is expected to increase at a CAGR of 4%. A market value of US$ 115 billion is forecast for the global luxury apparel industry by 2031. In recent years, social media and digital platforms have
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to go and get some new clothing to go out to parties. so the items that were winners in the pandemic, exercise bikes, things like that, are now seeing a much slower performance. so the consumer though is having to make choices. allison said it correctly. deals are out there. you have too much inventory of apparel because retailers overordered during the pandemic because of the supply chain issues so the deals are there but this is going to be a real focus but very good holiday season for the consumer. very interesting. so the oversupply from the pandemic said that folks could save some money today. i ve been out in the stores today and you re seeing toys on sale 30% off, a lot of apparel sales and electronic sales. so i think it is going to be a
/PRNewswire/ The "Global Clothing B2C E-Commerce Market 2021" report has been added to ResearchAndMarkets.com s offering. "Clothing" was the top segment to.
tracking this figure 17 years ago. and online sales alone were up by 11%. those talk about the explosive growth in some of the categories. apparel sales up by nearly 50% from a year ago. spending was up for jewelry, department stores, electronics, all of them much higher than a year ago. this shows two things, one americans were shopping early to get ahead of the supply chain problems that we ve been talking about and that seems to have worked. two, the economy answered this period in strong shape. growth figures for the end of 2021 are likely to be very, very positive. i think the real question is what happens next, because omicron is clearly messing with the economy right now. it is getting workers and consumers sick, it is causing all of these disruptions, we ve seen thousands of flights get canceled, broadway shows, college bowl games get postponed or canceled altogether. it is pushing back or mixing