Market Outlooks 158 minutes PremiumMarket Navigator: US Apparel and Footwear Retailing—After the Bounce, What’s Next? Anand Kumar, Associate Director of ResearchSunny Zheng, Analyst March 15, 2023 Table of ContentsIntroduction What We Think Value-Focused Consumers Shifts in Fashion Trends Altering Landscape of Apparel Sales Channels Outperformance in Luxury Elevated Inventories Driving Long-Term Loyalty Call for Retailers To Be Responsive, Engaging, Socially Responsible, Expansive and Tech-Enabled (RESET) The US Apparel and Footwear Sector Market Scale and Opportunity Segment Breakdown Distribution Channels US Specialty Apparel Retail Sector: 2023 and Beyond Growth Analysis: Specialty Retailers’ Sales Versus Total Consumer Spending on Apparel and Footwear Online Market Market Factors Key Segments Competitive Landscape All Retailers Specialty Retailers Brands and Brand Owners Store Numbers and Changes Store Traffic Private Label Survey Analysis: Where Consumers Are Shopping Clothing or Apparel Accessories in the US and What Are They Buying By Retailer By Brand By Category Survey Analysis: Where Consumers Are Shopping Footwear in the US and What Are They Buying By Retailer By Brand Themes We Are Watching Responsive Engaging Socially Responsible Expansive Tech-Enabled Macro Context Retail Innovators Nillio Obsess Savitude Blue-Sky Thinking Pet Apparel and Accessories Vegan Fashion Smart Apparel Apparel Customization Notes Methodology Appendix About the Coresight Research RESET Framework Ranking Retailers by Store Numbers Company Profiles What's InsideEach Market Navigator report offers an in-depth, data-rich view of a retail, consumer or technology sector and is packed with data on sectors, segments, companies and consumers. Our analysts discuss at greater length the sector themes they are observing and the insights they are forming on their markets. We intend these definitive guides to serve as points of reference to those in the retail ecosystem, guiding readers’ strategic decision-making and assisting them in tapping opportunities and navigating disruption in retail and adjacent industries. We launch our Market Navigator series with this report on US apparel and footwear retailing, covering physical retail and e-commerce, with analysis of the menswear, womenswear and childrenswear segments. We explore market growth factors, the competitive landscape, consumer survey analysis, themes we are watching, retail innovators in the space, and more. Key topics include inflation, sustainability, private label, M&A, the metaverse and retail media. Data in this report include: US apparel and footwear market size and year-over-year change, 2018–2027E—plus growth and penetration of specialty retailers’ sales and the online sector Breakdown of apparel and footwear sales by segment, 2018–2022 Estimated distribution of apparel and footwear sales by channel, 2018–2022 Market sizes and growth for the menswear, womenswear and childrenswear segments, 2018–2027E Store numbers and store traffic metrics for leading retailers in the market Proprietary US consumer survey analysis—retailers, brands and categories that apparel and footwear shoppers have shopped in the past three months Companies mentioned in this report include: Amazon, American Eagle Outfitters, Dick’s Sporting Goods, Foot Locker, Gap Inc., Macy’s, NIKE, Nillio, Obsess, Poshmark, Ralph Lauren, Savitude, Shein, Target, T.J. Maxx, Victoria’s Secret, Walmart, Zegna Other relevant research: Weinswig’s Weekly: Announcing a New Research Product for Coresight Research Subscribers Market Navigator: US Apparel and Footwear Retailing—Executive Summary All our coverage of apparel and footwear retail The Coresight Research RESET framework Look out for future reports in our Market Navigator series, covering major US and international retail sectors—including retail in China, India and Europe. This report is for Premium subscribers only. Learn more about subscriptions here.If you are a Premium subscriber, please log in. Other research you may be interested in:
