United States Apparel and Footwear Market Report 2023: Key Trends, Competitive Landscape, Retailing Developments - Forecast to 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Apparel and Footwear in the US" report has been added to ResearchAndMarkets.com's offering.

The Apparel and Footwear in USA report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2018-2022 and analysis by distribution format allowing you to identify the sectors driving growth.

Following a steep decline in 2020, which was caused by the COVID-19 pandemic, apparel and footwear in the US registered a sharp increase in 2021, and surpassed the pre-pandemic (2019) level of sales in both volume and current value terms, driven by the release of consumers' pent-up demand, which built amidst the pandemic-related restrictions.

It identifies the leading companies, leading brands, and offers strategic analysis of key factors influencing the market. Forecasts to 2027 illustrate how the market is set to change.

Why buy this report?

• Get a detailed picture of the Apparel and Footwear market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market's major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Key Topics Covered:

APPAREL AND FOOTWEAR IN THE US

EXECUTIVE SUMMARY

• Apparel and footwear in 2022: The big picture
• 2022 key trends
• Competitive landscape
• Retailing developments
• What next for apparel and footwear?

WOMENSWEAR IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Volume sales of womenswear recede as inflation leaps
• Performance of womenswear varies across categories
• Growth continues for resale, especially second-hand luxury

PROSPECTS AND OPPORTUNITIES

• Womenswear expected to be less dynamic than menswear when facing multiple uncertainties
• Womenswear set to be more adaptive and inclusive
• Innovative experiences and tech will increasingly motivate consumers' purchases in-store

MENSWEAR IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Menswear stalls as inflation surges and consumer demand drops
• Men's engagement with fashion increases
• E-commerce recedes, with companies' increasing investment in store-based innovations

PROSPECTS AND OPPORTUNITIES

• Growth of menswear will be slow, but more dynamic than womenswear in the short term
• The sustainability trend is scaling up in menswear
• Male consumers expected to spend more time and money in the digital world

CHILDRENSWEAR IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Childrenswear is hit by economic uncertainties
• Buy less but better promotes the growth of the mid- and high-value segments
• Childrenswear is primed for circular business models, but unique challenges remain

PROSPECTS AND OPPORTUNITIES

• Sales of childrenswear set to grow, but slowly, amidst the expected recession
• Childrenswear players need to balance fashion and function
• Parents and children will spend increasing time browsing and buying clothing online together

SPORTSWEAR IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Sportswear shows greater resilience to inflation than overall apparel and footwear
• Brands focusing on outdoor adventure, performance running, and yoga capture more share
• Consumers gradually return to physical stores to explore new experiences

PROSPECTS AND OPPORTUNITIES

• Boom in sportswear set to slow as uncertainties remain and consumers return to social activities
• Sustainability to remain important for both young brands and category leaders
• Sportswear players' investment in the "phygital" landscape will continue

JEANS IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Volume demand for jeans falls as economic conditions get worse
• Leading and lower-priced jeans players outperform the wider jeans category
• The sustainability evolution continues in jeans

PROSPECTS AND OPPORTUNITIES

• Jeans set to experience weak growth over the forecast period
• Product expansion and beyond - a trend in both jeans and the wider apparel and footwear industry
• Providing innovative online and in-store experiences an opportunity to enhance customer engagement

HOSIERY IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Sales of hosiery stall due to economic uncertainty
• Sportswear brands and Shein register share growth

PROSPECTS AND OPPORTUNITIES

• Hosiery set to deliver only slow growth over the forecast period
• Hosiery as an add-on product for online shopping and as a fashion accessory

APPAREL ACCESSORIES IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Demand for apparel accessories declines as economic uncertainties emerge
• Decrease in sales of face masks continues
• Share evolution for brands in different price segments

PROSPECTS AND OPPORTUNITIES

• Apparel accessories will continue to struggle with the recovery process
• Opportunities for sportswear, luxury, and niche social media brands
• Affordable e-commerce specialists will continue to threaten other brands

FOOTWEAR IN THE US

KEY DATA FINDINGS

2022 DEVELOPMENTS

• Footwear faces challenges from both consumers and supply chains
• Footwear continues to be led by the same players, while smaller brands capture more share
• Sales of footwear through e-commerce decline in both percentage and value terms

PROSPECTS AND OPPORTUNITIES

• Footwear expected to experience slow growth as many uncertainties remain
• Consumers will continue to look for meaningful sustainable practices
• Footwear set to move further into the metaverse

For more information about this report visit https://www.researchandmarkets.com/r/2s4mqh

Source: Euromonitor International

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