PROSPECTS AND OPPORTUNITIES
Slow recovery ahead: The challenges facing US apparel accessories
As of 2024, apparel accessories in the US had yet to return to the pre-pandemic level of retail volume sales, and recovery is not expected during the forecast period, although a better performance is expected in current value terms. Formal apparel accessories such as belts, scarves, and ties have been struggling with declining sales for several years, primarily due to the ongoing trend towards casualisation in fashion.
Reimagining apparel accessories as fashion items: Opportunities for future success
Looking ahead, as the economy recovers, luxury brands may regain value share from fast fashion brands, as consumers’ financial situation improves and they seek to invest in small luxury items such as apparel accessories. Meanwhile, there are opportunities for apparel accessories to regain momentum in fashion.
Digital marketplaces likely to be preferred destinations for purchases of apparel accessories
Traditionally, apparel accessories were primarily sold through offline wholesalers, including department stores. However, the landscape is rapidly shifting as more consumers turn to online channels for their needs, and this is set to continue in the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel Accessories in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel Accessories in USA?
- Which are the leading brands in USA?
- How are products distributed in USA?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel Accessories in USA?
- Where is future growth expected to be most dynamic?
Apparel Accessories in the US - Category analysis
KEY DATA FINDINGS
Signs of improvement, but demand remains weak
Hats/caps thrives in apparel accessories, whilst ties declines
Apparel accessories remains highly fragmented, with a mix of luxury and fast fashion brands
Slow recovery ahead: The challenges facing US apparel accessories
Reimagining apparel accessories as fashion items: Opportunities for future success
Digital marketplaces likely to be preferred destinations for purchases of apparel accessories
Apparel and Footwear in the US - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Apparel Accessories
- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel Accessories research and analysis database.
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