The Clothing Or Apparel Stores Global Market Report 2023, provides comprehensive information on the clothing or apparel stores market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global clothing/apparel stores market size is expected to grow from $805.25 billion in 2022 to $882.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global clothing/apparel market size is expected to reach $1,177.76 billion in 2027 at a CAGR of 7.5%.
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Product innovations is the key trend gaining popularity in the clothing/apparel store market. Major companies operating in the clothing/apparel store market are introducing innovative stores to strengthen their position in the market. For instance, in July 2021, ZARA International, a Spain-based clothing retailer, introduced an innovative Store Mode feature that helps link its physical locations and digital platforms through its e-commerce and in-app offerings. Zara’s Store Mode reduces crowding in stores and needless trips by allowing customers to view the available inventory of goods from the closest store, which may be available for pickup within 30 minutes using wayfinding functionality. Once the item has been located, app users can utilize a QR code to reserve fitting rooms and bypass any waiting lineups. Additionally, the app also generates a special QR code that serves as a receipt and eliminates the need to print paper copies upon checkout.
The clothing or apparel stores market is segmented:
1) By Type: Clothing/Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores
2) By Type of Store: Exclusive Showroom, Dealer Store
3) By Ownership: Retail Chain, Independent Retailer
4) By End-User: Men, Women, Kids Or Infants
Europe was the largest region in the clothing or apparel stores market in 2022.
The table of contents in TBRC’s clothing or apparel stores market report includes:
- Executive Summary
- Clothing/Apparel Stores Market Characteristics
- Clothing/Apparel Stores Market Trends And Strategies
- Clothing/Apparel Stores Market – Macro Economic Scenario
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- Key Mergers And Acquisitions In The Clothing/Apparel Stores Market
- Clothing/Apparel Stores Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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