Recent data releases from The NPD Group and Coresight Research signal a variety of trends driving the apparel market, but the growth of ecommerce is the most significant.
In the latest edition of eMarketer's "Behind the Numbers" podcast, analysts Yory Wurmser and Krista Garcia discuss the state of digital apparel selling, and what retailers are doing online and off to keep up with changing customer expectations.
Department stores, specialty clothing and other brick-and-mortar apparel retailers have been battling increased online competition and consumers’ spending shift toward gadgets and experiences. But a confluence of factors, in particular the launch of the iPhone X, suggests the fight is going to get even tougher this holiday season.
Pure play fashion ecommerce retailer Zalando has begun offering one-hour delivery slots bookable up to 10 days out for buyers in Berlin—the latest convenience-focused order fulfilment option tested by the company in its various markets this year as it looks to keep pace with regional leader Otto.
Amazon’s private-label business has received plenty of attention in the wake of its recently disclosed plan to carry newly-owned Whole Foods’ 365 and other private-label products. But grocery isn’t where the biggest surprise is.
In the troubled apparel space, off-price retailers, led by TJ Maxx parent TJX Cos., have been picking up share. Another segment of the market could be poised to challenge for a larger piece of the market: secondhand clothing resellers.
Walmart agreed to acquire online apparel brand Bonobos for $310 million, adding to a list of digital acquisitions of companies that don’t necessarily align with the retail giant’s core customer base.
Inventory is a high-stakes game in the retail industry, especially for the fashion sector, with $200 billion or more in lost sales due to overstock or out-of-stock product, by some estimates. Inventory marketplace Inturn sees that as an opportunity.
Six countries will account for roughly two-thirds of total world growth in apparel sales through 2019, and a handful of key cities will make up a significant portion. In China, six cities are expected to capture nearly one-fifth of the country's apparel sales growth through 2019.
Express joined the cavalcade of apparel retailers posting sales declines, reporting that sales slid 7% for the fiscal first quarter ended April 29.