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 Analysis Chapter
The Online Designer Clothing Sales industry has grown impressively for more than a decade as consumers increasingly shift toward shopping online and brick-and-mortar retailers have entered the online realm to recapture sales taken by exclusively online retailers, such as Amazon.com. Additionally, the online industry has been gaining wider acceptance among price-conscious consumers. IBISWorld estimates that total revenue generated by online designer clothing sales will increase 13.5% to $6.8 billion in 2014, representing an annualized increase of 16.4% over the past five years.
Because designer clothing is generally a discretionary purchase, industry demand is heavily dependent on disposable income levels and consumer spending trends across the economy... purchase to read more