Market Outlook 16 minutes PremiumSector Overview: US Apparel Specialty Retailers — Collaborations Are the New Normal Coresight Research February 1, 2019 Executive SummaryEach of our Sector Overview reports provides an essential briefing on a sector or market. In this report, we review the U.S. apparel specialty sector. In 2018, U.S. apparel and footwear specialty retailers’ industry sales totaled $197 billion, according to Euromonitor International, and its analysts forecast sector sales to increase at a compound annual growth rate (CAGR) of 3.3% to 2023, to reach $232 billion. Brands and retailers are collaborating with other brands and retailers to reach new audiences and to drive sales. A Glossy survey in December 2018 reported that 38% of brand executives saw collaborations as the greatest marketing opportunity in 2019. Sportswear and athleisure will continue to drive apparel and footwear sales in 2019, as they did in 2018. Specialty retailers are entering new markets, expanding into and investing in China to establish physical and digital presences. We predict the plus-size market and lingerie categories will continue to see positive disruption from new market entrants. And we expect specialty retailers to further explore marketplace partnerships and collaborations, and look for opportunities to expand into China and India. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 8: US Closures Jump 36% in One WeekUS Watch Market: Traditional Watches Cede Share to Smartwatches, While Luxury Offerings Continue To GrowWeinswig’s Weekly: Focus on Superior Brand Building To Be BEST in RetailWhere Do Shoppers Cross the Aisle?: US Consumer Tracker Extra, May 2023