NEW YORK, Feb. 16, 2022 /PRNewswire/ — The online apparel, footwear, and accessories market in US are expected to grow by USD 91.54 billion from 2020 to 2025, progressing at a CAGR of 11.91 % as per the latest report by Technavio. The online apparel, footwear, and accessories market in US are fragmented and the vendors are deploying growth strategies such as focusing on geographic expansion, increasing product categories, upgrading the existing products, and upselling them to compete in the market. The online apparel, footwear, and accessories market report of US offers information on several market vendors, including Amazon.com Inc., Costco Wholesale Corp., J. C. Penney Co. Inc., Kohls Corp., Macys Inc., Nordstrom Inc., Target Corp., The Gap Inc., Transform SR Brands LLC, and Walmart Inc. among others.
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Online Apparel, Footwear, And Accessories Market In US: Segmentation Analysis
The Online Apparel, Footwear, And Accessories Market In US report extensively cover segmentation by product (apparel, footwear, and accessories) and end-user (women and girls and men and boys).
The online apparel, footwear, and accessories market share growth in the US by the apparel segment will be significant during the forecast period. The apparel market in the US is witnessing high adoption of premium products, owing to frequent marketing initiatives, such as social media campaigns and celebrity endorsements, by the vendors operating in the country.
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Online Apparel, Footwear, And Accessories Market In US: Drivers
Free shipping and hassle-free return policies are significantly contributing to the growth of online sales in the US.
Online retailers are offering free shipping and hassle-free return policies to attract customers.
Favorable policies regarding convenient returns and exchange are very crucial to attracting and retaining customers to the online portals as about 67% of consumers look at return policies before making a purchase.
Factors such as the availability of easy and secure online payment options, facilities to track shipments, 24/7 customer support, and low costs have led to higher demand for online shopping in the US.
Online Apparel, Footwear, And Accessories Market In US: Trends
The rising popularity of digital payment devices, one of the key online apparel, footwear, and accessories market trends, will influence the growth of the market.
Digital payment services allow consumers to make payments at the point of sale through a mobile device, such transactions can be completed in a few steps by using a mobile device.
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