49 reports

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Luxury Fashion Market Report The luxury fashion market size was valued at USD 110.64 billion in 2020 and is expected to reach USD 153.97 billion by 2026 growing at a CAGR of 5.66%. The online sales of luxury fashion are expected to witness...

  • Luxury Clothes
  • World
  • Online Retail Sales
  • High Net Worth Individuals Number

Luxury Apparels Market by Application (Formal Wear, Sports Wear, Casual Wear, Safety Apparel, and Others), Sales Channel (Supermarkets/Hypermarkets, Independent Retail Stores, Specialty Stores, E-Commerce, and Others), and Age Group (Geriatric, Adult, Kids, and Toddler): Global Opportunity Analysis and Industry Forecast, 2022–2031 The...

  • E-Commerce
  • Luxury Clothes
  • World
  • APAC
  • Europe
  • Disposable Income
  • Online Retail Sales

Luxury Apparel Market – Scope of Report A new study on the global luxury apparel market has been published.It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global luxury apparel market across the globe. This study offers...

  • Luxury Clothes
  • World

Global Luxury Fashion Goods Retailing, 2019-2024 Summary This report provides an overview of the global luxury fashion retailing which includes key trends, key retail innovations, regional and sector analysis along with major luxury fashion retailers and competitive land scape In 2020,...

  • Retail
  • Luxury Goods
  • Luxury Clothes
  • Luxury Retail
  • World
  • Retail Revenue
  • Store Closures

Abstract: - Global Luxury Apparels Market to Reach $80.5 Billion by 2027 - Amid the COVID-19 crisis, the global market for Luxury Apparels estimated at US$67.7 Billion in the year 2020, is projected to reach a revised size of US$80.5 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027. Cotton,...

  • Luxury Clothes
  • World
  • China
  • United States

Affluent consumers are returning to upmarket stores in line with an easing of restrictions. Reduced travel frequency had meant that they were unable to leave the United Arab Emirates for holidays in Western countries as they had done pre-pandemic. Hence, designer apparel and footwear is being purchased by residents within the country rather...

  • Luxury Clothes
  • United Arab Emirates
  • Luxury Goods Revenue
  • Greenhouse Gas Emissions

Designer apparel and footwear was the only bright spot in apparel and footwear, which was amongst the industries that was most severely hit during the COVID-19 pandemic in China. Unprecedented rates of growth were seen in other personal luxury categories, such as luxury jewellery and luxury leather goods, which were propelled by repatriated...

  • Luxury Clothes
  • China
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Designer apparel and footwear grew strongly over the last decades in Germany, alongside economic expansion and the increasing proportion of high-income individuals in the country. In addition, as more tourists shopped in the country, brands started to equally ensure that these customers would feel well-treated, therefore ensuring not only...

  • Luxury Clothes
  • Germany
  • Luxury Goods Revenue
  • Store Closures

Designer apparel and footwear registered a huge hit in 2020, due to the pandemic. In 2021, with society gradually opening up, including retail outlets, value growth is expected to be in the double digits. All the same, with the pandemic far from over, and economic uncertainty negatively impacting purchasing power, value sales are significantly...

  • Luxury Clothes
  • Ukraine
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

The pandemic has made the trading environment extremely difficult in South Africa, both in terms of footfall in specialist stores and product availability through supply chain challenges. As such, many stores that retail ready-to-wear designer apparel and footwear were forced out of business and this has in turn has impacted product availability. Designer...

  • Luxury Clothes
  • South Africa
  • Luxury Goods Revenue
  • Store Closures

Designer apparel and footwear (ready-to-wear) was negatively impacted by store closures during the state of emergency in April and May in 2020. Consumers chose to stay at home in order to avoid catching and transmitting the virus. This category was also heavily impacted by long-term border closures, which led to the decimation of inbound arrivals...

  • Luxury Clothes
  • Japan
  • Luxury Goods Revenue
  • Tourist Arrivals

Designer apparel and footwear saw a significant retail current value decline in 2020 due to COVID-19, as non-essential stores were temporarily shut, and some consumers hesitated to spend due to the uncertainty. However, as pandemic restrictions eased and vaccination started to be rolled out, sales are set to see a rebound to growth in 2021...

  • Luxury Clothes
  • Switzerland
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

With non-essential brick-and-mortar stores closing in 2020 as part of measures introduced to limit the spread of COVID-19 (many of these stores were forced to close from the end of March to around July, depending on the location with some able to reopen at the end of June, while others had to wait until August), most boutiques and mixed retailers...

  • Luxury Clothes
  • Mexico
  • Luxury Goods Revenue
  • Online Retail Sales

Having plunged by more than a quarter during 2020, retail volume sales of designer apparel and footwear (ready-to-wear) saw no more than a modest recovery in 2021. International tourists are a major source of demand for designer apparel and footwear (ready-to-wear) in Spain, so travel restrictions due to the pandemic – in addition to a reluctance...

  • Luxury Clothes
  • Spain
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Sales of designer apparel and footwear saw a 2020 of ups and downs. In the first half of the year, the restrictive measures for social interactions made most brands project huge declines; but, in the second semester, the relative sense of a more controlled situation related to the spread of the COVID-19 pandemic made consumers resume their...

  • Luxury Clothes
  • Brazil
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Even though there have been no mandated store closures in Sweden since the outbreak of COVID-19, from January 2021 shops and departments stores were obliged to allow no more than one customer per ten square meters, and no more than 500 in total. In 2021, Swedish people continued to refrain from visiting stores for non-essential shopping, negatively...

  • Luxury Clothes
  • Sweden
  • Luxury Goods Revenue
  • Online Shopping Penetration

In 2020, designer apparel and footwear was tremendously negatively affected by the COVID-19 pandemic, due to massive lifestyle changes as a result of lockdowns and social distancing measures. Lifestyle restrictions meant that stores were closed, and consumers were unable to socialise, travel and work as they normally would have. For this reason,...

  • Luxury Clothes
  • United Kingdom
  • Luxury Goods Revenue
  • Store Closures

Demand for designer apparel and footwear (ready-to-wear) in 2020 was negatively affected by the pandemic and related lockdown measures enforced by the Malaysian government. With international tourists being an important consumer base for designer apparel and footwear (ready-to-wear), the drop in international tourist arrivals due to border...

  • Luxury Clothes
  • Malaysia
  • Luxury Goods Revenue
  • Tourist Arrivals

Designer apparel and footwear (ready-to-wear) will see a continued slowdown in its current value growth rate in 2021 against the backdrop of the pandemic, although, as in 2020, it will only be a minor slowdown. Many consumers in Taiwan have seen their disposable incomes reduced and have therefore been prioritising their spending towards more...

  • Luxury Clothes
  • Taiwan
  • Luxury Goods Revenue
  • Tourist Arrivals

Designer apparel and footwear (ready-to-wear) was hit hard by the widespread closure of retail outlets during France’s national lockdown periods. So far this has contributed to around ten months of store closures between March 2020 and Spring 2021. At least 95% of all fashion houses posted double-digits value drop in France in 2020, further...

  • Luxury Clothes
  • France
  • Luxury Goods Revenue
  • Tourist Arrivals

Designer apparel and footwear saw a record current value decline in 2020. Domestic and international travel restrictions and lockdowns to curtail the spread of COVID-19, including a significant reduction of in-person events, as well as social distancing and hygiene regulations in stores, significantly diminished demand for designer apparel...

  • Luxury Clothes
  • United States
  • Luxury Goods Revenue
  • Online Retail Sales

Major international luxury brands are looking to enter or expand their presence in the Philippines as part of broader strategies to tap into the growth potential offered by the Asia Pacific market. LVMH is prominent amongst the major designer apparel and footwear (ready-to-wear) players looking to build their presence in the Philippine market. Designer...

  • Luxury Clothes
  • Philippines
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Since many Indians were forced to isolate for most of 2020 when the pandemic emerged and for a brief period in 2021 due to the second wave of COVID-19, they conducted most activities including work, study, and exercise from their homes. This resulted in strong demand for athleisure wear across different price points as this type of apparel...

  • Luxury Clothes
  • Footwear
  • India
  • Luxury Goods Revenue
  • Disposable Income

With the COVID-19 pandemic, the need to express one’s personality through shopping and creative, original and authentic experiences deepened in Argentina. Faced with the most difficult of conditions, consumers also sought to treat themselves. They particularly turned to luxury sports inspired apparel as they are now more sophisticated when...

  • Luxury Clothes
  • Footwear
  • Argentina
  • Luxury Goods Revenue
  • In Store Sales

In 2020, designer apparel and footwear (ready-to-wear) was negatively impacted by the outbreak of COVID-19, with retail current value sales slumping by close to a third. Even if the disposable incomes of many local consumers were not directly affected by pandemic restrictions, the uncertainty it engendered led many of them postpone non-essential...

  • Luxury Clothes
  • Italy
  • Luxury Goods Revenue
  • Luxury Goods Consumption

Despite the challenges faced by retailers in Australia due to the pandemic, luxury brands continued to show confidence in expected recovery, with many investing in new stores and refurbishments and in enhancing their physical footprints. Although for some companies, new stores represented their first stand-alone or flagship stores in the country,...

  • Luxury Clothes
  • Australia
  • Luxury Goods Revenue
  • Retail Revenue

In 2020 sales of designer apparel and footwear (ready-to-wear) plummeted as the impact of the COVID-19 pandemic took its toll on demand. One of the main factors undermining demand across all categories of designer apparel and footwear was the fact that many people were unable or at least unwilling to go shopping in retail stores. Designer...

  • Luxury Clothes
  • Thailand
  • Luxury Goods Revenue
  • Luxury Goods Consumption

Designer apparel and footwear (ready-to-wear) made gains in 2021 after a challenging 2020 in which store closures prevented store-based sales during the lockdown periods and consumers made fewer purchases because of working from home practices, cancellations of social gatherings and events, and ongoing concerns over job stability and the economy. Designer...

  • Luxury Clothes
  • Canada
  • Luxury Goods Revenue
  • Store Closures

One of the main reasons for the very negative growth recorded in sales of designer apparel and footwear during 2020 was the government-mandated nationwide closure of all non-essential retail outlets for an extended period during the early stages of the COVID-19 pandemic. These store closures led to strong sales declines in all categories of...

  • Luxury Clothes
  • Footwear
  • Indonesia
  • Luxury Goods Revenue
  • Online Retail Sales

Designer apparel and footwear suffered only a minor current value decline in 2020 due to the COVID-19 pandemic and lockdown policy. As travelling overseas was limited for Singaporeans, spending on luxury products, especially apparel, could fulfil the lifestyle needs of some higher-income consumers. In 2021, the category returned to a positive...

  • Luxury Clothes
  • Singapore
  • Luxury Goods Revenue
  • High Net Worth Individuals Number