Deep Dive 14 minutes PremiumUS Dresswear Retailing: Sales To Dwindle in 2023 as Pent-Up Demand Fades Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Research March 22, 2023 Table of ContentsIntroduction US Dresswear Retailing: Performance and Outlook Dresswear Market Sizes Market Factors Pent-Up Demand for Occasion Apparel and Footwear Growing Number of Extended-Size Customers The Recovery of Domestic Tourism in the US Inflation Survey Findings Male Consumers Are More Likely Than Female Consumers To Buy Dresswear Competitive Landscape Themes We Are Watching The Mix of Dresswear and Comfort Brands’ Expansion into Evening Wear Strategies To Drive Sales What We Think Implications for Brands/Retailers Implications for Technology Vendors What's InsideWe explore how dresswear, smart-casual and occasion-based apparel in the US will fare after a year of strong demand revival. We present category growth projections, insights into market factors, proprietary survey findings on consumer spending, and more. Data in this report include: Market size and growth of selected US apparel categories, 2018–2027E US inflation rate in the apparel and footwear sector (consumer price index) Survey findings—proportions of US consumers who purchased dresswear in the past three months or will purchase in the next three months; and categories they purchased/will purchase US apparel, footwear and apparel accessories revenues of selected brands and retailers Companies mentioned in this report include: Amazon, Capri Holdings, Guess?, Kohl’s, Macy’s, Nordstrom, Tapestry, Target, Walmart Other relevant research: Market Navigator: US Apparel and Footwear Retailing—After the Bounce, What’s Next? All Coresight Research coverage of apparel and footwear retail and specialty apparel retail. 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:
