Apparel Retail in the United States

Key Highlights

• The apparel retail market is segmented into childrenswear, menswear, and womenswear. The market value represents retail sales.
• The US apparel retail industry recorded revenues of $421.1 billion in 2023, representing a compound annual growth rate (CAGR) of 3.9% between 2018 and 2023.
• The womenswear segment accounted for the industry's largest proportion in 2023, with total revenues of $211.1 billion, equivalent to 50.1% of the industry's overall value.
• The industry growth during 2018-23 is attributed to fast fashion, ecommerce expansion, increased brand awareness, lifestyle changes, seasonal promotions and discounts, and marketing strategies of companies.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the apparel retail market in the United States
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in the United States
• Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the United States apparel retail market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the United States apparel retail market by value in 2023?
• What will be the size of the United States apparel retail market in 2028?
• What factors are affecting the strength of competition in the United States apparel retail market?
• How has the market performed over the last five years?
• Who are the top competitors in the United States's apparel retail market?