Global Clothing And Clothing Accessories Stores Market Overview And Prospects
Learn about the global clothing and clothing accessories stores market through The Business Research Company, which provides information on clothing and clothing accessories stores market size, clothing and clothing accessories stores market drivers and restraints, clothing and clothing accessories stores market players, the COVID-19 impact on the clothing and clothing accessories stores market, and more.
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The global clothing and clothing accessories stores market is expected to grow from $1157.19 billion in 2020 to $1247.67 billion in 2021 at a compound annual growth rate (CAGR) of 7.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1549.68 billion in 2025 at a CAGR of 6%.
With the rapid growth in retail data and the availability of technologies to analyse data it will become easier for building material and garden equipment and supplies dealers to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.
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The clothing and clothing accessories stores market consists of sales of clothing and clothing accessories by entities (organizations, sole traders and partnerships) that sell clothing and clothing accessories to ultimate users from fixed locations. The clothing and clothing accessories stores market includes establishments that are engaged in the sales of clothing for men, women and children; hats and caps; jewelry; wig and hairpiece; neckwear; footwear and other similar products.
Global clothing and clothing accessories stores market segments include:
By Type: Clothing/Apparel Stores, Jewellery & Watch Stores, Optical Goods Stores, Footwear Stores
By End-User: Men, Women, Kids or Infants
By Ownership: Retail Chain, Independent Retailer
By Type of Store: Exclusive Showroom, Dealer Store
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global clothing and clothing accessories stores market, accounting for 31% of the market in 2020.
Retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at cutting costs and time involved in store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, and delivering products, and connecting with customers. Automation reduces waiting times, avoids stocking problems, enhances productivity and increases the overall customer experience. Retailers are also focusing on using self-checkout stands for customers.
TBRC’s clothing and clothing accessories stores market report covers:
Major Market Players: Abercrombie & Fitch Co., American Eagle Outfitters Inc., The Buckle Inc., Carter’s Inc., Chico’s FAS Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Clothing And Clothing Accessories Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides clothing and clothing accessories stores market overviews, analyses and forecasts market size, share, clothing and clothing accessories stores market players, clothing and clothing accessories stores market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s clothing and clothing accessories stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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