Title: United States Retail Industry
1United States Clothing Retail Industry
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2United States Clothing Market
- The clothing retail landscape in the U.S. is
highly developed and competitive with a number - of specialty brands, department stores and
multi-brand chains competing against each - other on design, variety and price.
- The rapid expansion of mass merchants like
Wal-Mart and Target has pressured clothing - retailers at the lower and middle segments of
the market. By selling stylish clothes and - accessories at low prices, mass merchants
attract consumers looking for fashion and value. - The US clothing retailers are facing stiff
competition from European rivals. It takes - up to 9 months for legacy brands like J. Crew,
Gap and others to get their products to the - market, but foreign competitors are twice as
fast. Zara, HM and others are able to copy - new trends from fashion shows worldwide within
a few days.
3United States Clothing Market
- The traditional US brands are
- working on a makeover. J.Crew is
- trying to target price-conscious customers
- with its new daughter company, J.Crew
- Mercantile. Gap is also trying to bring
- smaller lines into the shops of its own
- subsidiary, Old Navy, so that it can react
- more flexibly on trends and get a better
- sense of what customers want.
- The United States clothing market was
- worth US 178.5 Billion in 2013 and the
- figure is estimated to reach value worth
- US 188.3 Billion in 2015.
United States Clothing Market (Billion US),
2013 2015
Source economagic.com, Renub Research Analysis
4United States - Monthly Spending on Clothing
The United States consumers monthly spending on
clothing during the period November and December
is higher than any other months in any year. Due
to the winter holiday and festive season, the
clothing spending gets higher.
United States Monthly Spending on Clothing
(Million US), 2013 2015
Source economagic.com, Renub Research Analysis
5United States - Monthly Spending on Clothing
During the period (November December 2014), the
US consumers spending on clothing was over US 40
Billion and this year (November December 2015)
it is estimated to be nearly US 42 Billion.
United States Monthly Spending on Clothing
(Million US), 2013 2015
Source economagic.com, Renub Research Analysis
6Related Reports
7United States Clothing Market - Average Growth
Rate during January to October Vs November -
December
- The United States clothing market growth rate
- during the period January to October is
- lesser than the growth rate during the
- period November - December every year.
- During the period (January October 2014),
- the United States clothing market witnessed
- growth rate of 37.8 and the growth rate
- increased to 44.3 during the winter season
- (November December) 2014.
- In 2015, United States clothing market is
- estimated to witness growth rate of 43.5
- during winter holiday season, while it
- observed a growth rate of 35.2 during the
- period (January October 2015).
United States Clothing Market - Average Growth
Rate (Percent), 2013 - 2015
Source Renub Research Analysis
8Americans Average Spending On Christmas
- Christmas season is a time filled with
festivities. From exchanging gifts to sharing
meals, - people do all manner of ways to express their
joy and enjoy time with friends and family - during this time of the year. Although the
average amount all Americans expect to - spend is US 830, the figure rises to US 908
when excluding those who won't - spend anything or when limited to U.S.
Christmas shoppers.
Americans Average Spending On Christmas (US),
2000 - 2015
Source Gallup, Renub Research Analysis
9Americans Average Spending On Christmas Based on
Households Income
- Christmas spending intentions vary greatly by
household income. Americans living in - households earning US 75,000 or more per year
plan to spend an average of US - 1,227 on Christmas gifts this season. This
drops to US 786 among middle-income - earners (earning between 30,000lt and lt75,000)
and to US 460 among those - earning less than US 30,000.
Americans Average Spending On Christmas Based on
Households Income (US), 2000 - 2015
Source Gallup, Renub Research Analysis
10United States Biggest Apparel Companies and Their
Annual Revenue
- The apparel industry rakes in a massive amount
of - revenue each year. Nike is the most successful
and - recognizable sports brand in the world. Nike
- generated revenue worth US 30.6 Billion
- around four times more than its nearest
- competitor Ralph Lauren which generated annual
- revenue worth US 7.6 Billion.
- Old Navy is currently doing better than its
- parent brand, the Gap. It has lower prices and
- tends to stay on brand, targeting the right
- consumers with affordable styles. Old Navy
- generated revenue worth US 6.6 while Gap
- generated annual revenue worth US 6.2
Billion. - Levi's jeans have seen resurgence in recent
years. - More customers are embracing basics
and drifting - back to classic styles from one of the most
famous
United States - Apparel Companies Annual Revenue
(Billion US)
Source Businessinsider
11United States Clothing Market Online Vs Offline
- The United States offline clothing market was
worth US 133.6 Billion in 2013 - and the market is estimated to tumble down to
US 128.3 Billion in 2015, On the - other hand Online clothing market has shown
continuous growth from US 44.9 - Billion in 2013 to an estimated US 60 Billion
in 2015.
United States Clothing Market Online Vs Offline
Market (Billion US), 2013 2015
Source Statista.com, Renub Research Analysis
Note The online clothing sales include apparel
and accessories retail e-commerce market.
12United States Clothing Market Online Vs Offline
- The increase in online clothing landscape is
attributed to the growing penetration of - Smartphone and Tablets. Consumers prefer
online channels more than the retail store - because of convenience like lots of option, no
travelling, option to compare, search for - the best deals and many other benefits.
- The clothing categorys gains are attributed
primarily to retailers improved methods for - displaying products online, as well as
policies that make online purchasing of apparel,
in - particular, less of a guessing game. The
Internet is very important platform for
retailers, - especially since consumers are increasingly
Web-savvy and have access virtually - anywhere. Customers are taking their fashion
decisions on the Internet. - The Internet is very important platform for
retailers, especially since consumers are - increasingly Web-savvy and have access
virtually anywhere. Customers are taking their - fashion decisions on the Internet, conducting
more transactions online and relying on - online sources to inform their in-store
purchases. - Retailers continue to increase the scale of
their ecommerce operations, particularly by
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