The global fashion market is not just rebounding—it’s thriving. In 2023, the collective spending on apparel, footwear, and accessories soared to a staggering $661 billion, marking an impressive 8% growth across the board. And this isn’t merely a recovery; it’s a resurgence, surpassing pre-pandemic levels with a fervour that’s impossible to ignore.
Inside the Report
In the report we examine the reasons for this growth by region with Asia dominating global sales, outstripping its nearest rivals in the Americas and Europe two-to-one.
We look at the consumer, who are the buyers of fashion around the world and what drives their shopping behaviours?
As well as the devices used by fashion shoppers, examining the move to online and mobile but also in-store and the growth of subscriptions.
The road ahead for fashion is also explored in the Global Fashion Report 2024, with the sector leading the way in how technology is being used in ecommerce.
The increasing role of AI in pricing and stock control, the future of social fashion and the changing attitudes to inclusivity and sustainability are topics explored in the Global Fashion Report 2024.
Company Profiles
To illustrate the findings of this report we use easy to read and share RetailX charts and graphics as well as 11 in-depth company profiles: ASOS, Depop, Enjoei, GAP, H&M, Muji, Nike, Red Bubble, Target, Victoria’s Secret and Zozo Town
