-
Sector Analysis
Rental and Resale Trends in the Global Apparel Market
The COVID-19 pandemic has posed a severe challenge for the apparel industry with stores being closed for months combined with lack of consumers’ willingness to spend on discretionary products, particularly work and occasionwear. Although the pandemic has taken a toll on global apparel demand, the apparel resale market is expected to gain popularity over the coming years. People have emptied their closets as they stayed at home during the pandemic, which has led to a boom in sellers in the...
-
Sector Analysis
Department Stores Retailing in the Americas, 2015–2020
Department stores retail market in the Americas is expected to return to growth during 2015-2020, after experiencing a decline in historic period. The US dominates the market, representing 78.0% of the regional department stores retail in 2015. However, it will virtually remain flat in terns of growth during 2015–2020, affected by shifting consumer preference to other channels and rising demand for discounted and value clothing. Brazil will become the second-largest market by replacing Canada. Other Latin American markets, Peru, Chile,...
-
Sector Analysis
Clothing & Footwear Retailing in the Americas, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape
Clothing and footwear market in the Americas is expected to grow faster than the historic period at 3.1% during 2015–2020. Increase in demand for discounted premium or luxury products will fuel growth of off-price and overall clothing and footwear retail in the US and Canada. Brazil will return to growth during the next five years after being hit by devaluation of local currency and political instability. Other Latin American markets, mainly Mexico and Colombia, will increase their importance in the...
-
Sector Analysis
Clothing & Footwear Retailing in the Americas, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape
Clothing and footwear market in the Americas is expected to grow faster than the historic period at 3.1% during 2015–2020. Increase in demand for discounted premium or luxury products will fuel growth of off-price and overall clothing and footwear retail in the US and Canada. Brazil will return to growth during the next five years after being hit by devaluation of local currency and political instability. Other Latin American markets, mainly Mexico and Colombia, will increase their importance in the...