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NEW YORK, March 23, 2022 /PRNewswire/ — The “Online Apparel Footwear and Accessories Market in the US – Competitive Analysis, Trends, Drivers, Challenges and Five Force Analysis” report has been added to Technavio’s offering. The online apparel footwear and accessories market size in the US is expected to increase by USD 91.54 billion at a CAGR of 11.91% from 2021 to 2026. The online apparel footwear and accessories market share growth in the US by the apparel segment will be significant for revenue generation. The apparel market in the US is expected to witness high adoption of premium products in the coming years owing to frequent marketing initiatives, such as social media campaigns and celebrity endorsements, by the vendors operating in the country. For instance, in 2021, Cardi B endorses Rebook clothing lines designed for casual sportswear.
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Market Dynamics
Factors such as increasing penetration of the internet and smartphones, availability of multiple payment options for online transactions, and the free shipping and hassle-free return policies will drive the growth of the Online Apparel Footwear And Accessories Market in the US. However, data security and privacy concerns associated with online shopping might hamper market growth. The holistic analysis of the drivers, trends, and challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Company Profiles
The online apparel footwear and accessories market in US is fragmented and the vendors are deploying growth strategies such as an increase in R&D investments to compete in the market. Some of the companies covered in this report are Amazon.com Inc., Costco Wholesale Corp., Gap Inc., J. C. Penney Co. Inc., Kohls Corp., Macys Inc., Nordstrom Inc., Target Corp., Transform SR Brands LLC, and Walmart Inc. etc.
Few companies with key offerings
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