Industry Analysis & Industry Trends
Growth of this relatively new industry has coincided with the increasing ubiquity of internet access, particularly broadband. The easier and more affordable it is to connect to the internet, the more accessible online designer apparel retailers are, making consumers more likely to shop at industry establishments. The industry will continue expanding during the next five years, although an increasingly saturated market will result in relatively slower growth. Many of the same factors that contributed to the industry's ascent in previous years will carry forward over the next five, including the rising acceptance of online shopping. Furthermore, rising consumer confidence, and thus consumer spending, will aid the industry's long-term prospects.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Designer Clothing Sales industry is in the growth stage of its life cycle. Over the 10 years to 2014, industry value added, which measures the industry's contribution to the US economy, is expected to increase at an annualized rate of 15.6%. Over the same period, US GDP is forecast to rise at an average annual rate of 2.5%. These disparate rates indicate that the industry is growing as a share of the US economy. A continued move by consumers toward online retail channels, combined with rising industry participation and technological change, indicates a growing industry.
Over the five years to 2014, the number of online designer clothing retailers has increased at an average annual rate of 6.3% to an estimated 2,093 businesses... purchase to read more