The global clothing and clothing accessories stores market is expected to decline from $1,256.9 billion in 2019 to $1,244.5 billion in 2020 at a compound annual growth rate (CAGR) of -1%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $1,440.3 billion in 2023.
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
It traces the market’s historic and forecast market growth by geography.
It places the market within the context of the wider clothing and clothing accessories stores market, and compares it with other markets.
Western Europe was the largest region in the global clothing and clothing accessories stores market, accounting for 31% of the market in 2019.
Asia-Pacific was the second largest region accounting for 29% of the global clothing and clothing accessories stores market.
Africa was the smallest region in the global clothing and clothing accessories stores market.
In 2014, many e-commerce retailers started offline stores.
Birchbox, an e-commerce store opened its first physical store in Soho, New York and companies like Bonobos and Warby Parker doubled the number of their brick and mortar stores in 2014.
E-commerce retailers setting up offline stores are good news for brick and mortar concept because it validates the need for physical stores.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies.
Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The clothing and clothing accessories stores market section of the report gives context.
It compares the clothing and clothing accessories stores market with other segments of the retail market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, clothing and clothing accessories stores indicators comparison.
- Abercrombie & Fitch Co.
- American Eagle Outfitters Inc.
- The Buckle Inc.
- Carter’s Inc.
- Chico’s FAS Inc.
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