Fashion Never Sleeps

Not surprising, the bags and accessories segment—although still growing at a stronger rate—will likewise see double-digit growth. The fashion accessory segment will have a CAGR of 12.3% between 2016 and 2026, with Asia-Pacific being the fastest growing market. Lower digital barriers to entry for all clothing merchants offer the opportunity to market, sell, and fulfill orders globally and automatically. As a result, worldwide revenue and revenue per user are both projected to grow. Fashion brands with an ecommerce store maintain a stronghold in athleisure, like Nike and Lululemon, have reported incredible growth over the course of the pandemic. One branch of fashion retail that has taken off is athleisure.

• What worked two years ago is outdated now—largely due to consumer preferences changing, values becoming integral to the purchase decision, and footfall returning to brick-and-mortar stores.
• In the US alone, the apparel and accessory industries accounted for 29.5%