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Daily Newsletter

14 October 2024

Daily Newsletter

14 October 2024

Tech innovation, top talent, helpful regulation is recipe for apparel growth

The global apparel industry needs to open itself to ideas from a variety of sources to strengthen its position, three young entrepreneurs have claimed.

Philip Fine October 14 2024

SPESA’s entrepreneur panel told attendees automated production efficiency, combined with innovation in sustainability and widening sourcing worldwide will lead to apparel growth. Credit: Shutterstock.

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Overview of the Apparel Market in the US

GlobalData's latest report offers comprehensive insight and analysis of the US apparel market, the major players, the key trends, and consumer attitudes. The market experienced muted growth in 2023 amid high inflation, though it is poised to increase slightly in 2024, as inflation eases and consumer sentiment begins to recover. In 2024, the online apparel market is projected to witness an uptick in demand, surpassing growth of the offline channel, as consumers appreciate the convenience of online shopping once again.

Buy report

Overview of the Apparel Market in the US

GlobalData's latest report offers comprehensive insight and analysis of the US apparel market, the major players, the key trends, and consumer attitudes. The market experienced muted growth in 2023 amid high inflation, though it is poised to increase slightly in 2024, as inflation eases and consumer sentiment begins to recover. In 2024, the online apparel market is projected to witness an uptick in demand, surpassing growth of the offline channel, as consumers appreciate the convenience of online shopping once again.

Buy report

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