Harrisburg, NC -- (SBWIRE) -- 10/30/2020 -- The Market Insights Reports has added a new statistical market report to its repository titled as, Clothing And Clothing Accessories Stores Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The report also presents forecasts for Clothing And Clothing Accessories Stores investments from 2020 to 2023.
The global clothing and clothing accessories stores market is expected to decline from $1256.9 billion in 2019 to $1244.5 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $1440.3 billion in 2023.
Top Leading Companies of Global Clothing And Clothing Accessories Stores Market are Abercrombie & Fitch Co.; American Eagle Outfitters Inc.; The Buckle Inc.; Carter's Inc.; Chico's FAS Inc. and others.
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Western Europe was the largest region in the global clothing and clothing accessories stores market, accounting for 31% of the market in 2019. Asia Pacific was the second largest region accounting for 29% of the global clothing and clothing accessories stores market. Africa was the smallest region in the global clothing and clothing accessories stores market.
In 2014, many e-commerce retailers started offline stores. Birchbox, an e-commerce store opened its first physical store in Soho, New York and companies like Bonobos and Warby Parker doubled the number of their brick and mortar stores in 2014. E-commerce retailers setting up offline stores are good news for brick and mortar concept because it validates the need for physical stores.
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.
Markets Covered:
1) By Type: Clothing/Apparel Stores; Jewelry & Watch Stores; Optical Goods Stores; Footwear Stores
2) By End-User: Men; Women; Kids or Infants
3) By Ownership: Retail Chain; Independent Retailer
4) By Type of Store: Exclusive Showroom; Dealer Store
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Clothing And Clothing Accessories Stores Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Geographically, this report is segmented into several key Regions, with sales, revenue, Market Share (%) and Growth Rate (%) of Clothing And Clothing Accessories Stores in these regions, from 2015 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Clothing And Clothing Accessories Stores market with an analysis of market size by value and volume. Along with this, an analysis of the penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Clothing And Clothing Accessories Stores market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years, externally verified to gain market size.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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