01 Industry overview
The apparel accessories industry at a glance
The global apparel accessories market is estimated at $30.25 billion in 2026, with demand supported by personalization, jewelry growth, digital commerce and premium product categories.
- $30.25B[62]
- Global market size, 2026
- 7.28%[62]
- Forecast CAGR, 2026–2032
- 38.14%[63]
- Asia-Pacific share, 2025
- 1.15M[64]
- U.S. retail jobs, September 2026
- Market size
- 360iResearch estimates the global apparel accessories market at $28.39 billion in 2025 and $30.25 billion in 2026. A broader fashion-accessories definition from Fortune Business Insights places the 2025 market at $1,143.52 billion, illustrating how estimates depend heavily on whether jewelry, watches and other luxury categories are included.[62][63]
- Forecast & CAGR
- The narrower apparel-accessories market is forecast to reach $46.44 billion by 2032, implying a 7.28% CAGR from 2026. Fortune Business Insights forecasts the broader fashion-accessories market to reach $2,233.47 billion by 2034 at a 7.91% CAGR from 2026.[62][63]
- Market share & regions
- Asia-Pacific accounted for 38.14% of the broader global fashion-accessories market in 2025, equivalent to $436.18 billion. North America represented 28.89%, or $330.41 billion, while Europe generated $227.08 billion.[63]
- Segmentation
- Grand View Research identifies jewelry, watches, handbags and purses, belts and wallets, and sunglasses as major product segments. In 2023, jewelry led with a 48.4% revenue share, women’s products led end-use with 52.5%, and specialty stores led distribution with 38.8%.[65]
- Key players & concentration
- The market includes large luxury and accessories groups such as Kering, Richemont, Hermès and Luxottica. In jewelry, branded products represented 25% of the market in 2024, while branded jewelry sales grew 8.3% annually from 2021 to 2024, compared with 4.3% for unbranded jewelry.[63][10]
- Pricing
- McKinsey estimates price growth of 3.8% annually for handbags and 3.5% for other accessories from 2025 to 2028, compared with 1.2% for jewelry. U.S. clothing and clothing-accessories stores reported average hourly earnings of $26.48 in August 2026.[10][64]
- Trends, drivers & challenges
- Jewelry is forecast to record 5.4% annual sales growth from 2025 to 2028, while handbags are forecast at 6.1%; lab-grown diamond jewelry is expected to grow 15% to 16% annually. Key constraints include inflation, tariffs, geopolitical volatility, supply-chain exposure and weaker discretionary spending.[10][66]
- Consumer behavior & competition
- In 2025, 61% of consumers said brand matters most for jewelry, rising to 82% in China; 75% said jewelry helps express their personality. At the same time, more than 80% of shoppers planned to spend the same or less on clothing, footwear and accessories in 2025, reinforcing value-oriented competition.[10]
- M&A
- Capstone Partners reported 75 apparel, footwear and accessories transactions announced or closed year to date in July 2026, up 21% year over year. Accessories deal volume rose 200% year over year, while private-led transactions reached 52 deals and 69.3% of sector deal activity.[66]
- Regulation
- The European Union has designated textile apparel as a priority product group for ecodesign requirements and Digital Product Passports under the Ecodesign for Sustainable Products Regulation. The European Commission indicates a planned textile delegated act in the fourth quarter of 2027, with product information potentially covering identification, characteristics and fiber composition.[67]
- Latest news
- The latest sector update available in the sources is Capstone Partners’ July 2026 report, which describes a rebound in apparel, footwear and accessories M&A after a contraction in 2025. It identifies accessories as the strongest segment, with deal volume up 200% year over year, despite inflation, tariffs and geopolitical uncertainty.[66]
Exports of HS 621710 clothing accessories, not elsewhere specified
China leads with $324.2M.
02 Trends & forecasts
Top 10 Apparel Accessories Industry Trends & Forecasts 2027
What is changing in the apparel accessories industry, with the evidence behind each trend and a forecast for 2027.
Forecasts were generated by an AI model from the cited evidence. They are estimates, not guarantees.
01Jewelry outgrows most accessories
High confidenceMcKinsey forecasts jewelry sales growth of 5.4% annually from 2025 to 2028, with unit growth expected to outpace other fashion categories. Jewelry represented 25% of the market in 2024 and grew 8.3% annually from 2021 to 2024, versus 4.3% for unbranded jewelry.[10]
Forecast 2027: Jewelry will remain the strongest major accessories category in 2027, supported by its perceived investment value and relatively moderate price increases. Growth is likely to remain around the mid-single-digit range, with branded jewelry continuing to outperform.
02Handbags maintain premium momentum
High confidenceMcKinsey forecasts handbags to achieve 6.1% annual sales growth from 2025 to 2028, ahead of jewelry at 5.4%. Handbag price growth is projected at 3.8% annually over the same period.[10]
Forecast 2027: Handbags will continue to attract premium spending in 2027, but growth will be uneven. Brands with recognizable design, strong resale potential and accessible entry prices should outperform heavily price-inflated products.
03Lab-grown diamonds scale rapidly
High confidenceLab-grown diamond jewelry is forecast to grow 15% to 16% annually through 2028, substantially faster than the overall diamond jewelry market, which is expected to grow 4% to 5% annually.[10]
Forecast 2027: In 2027, lab-grown diamonds will expand their share of fashion and bridal jewelry, particularly in the United States, China and India. Competitive pricing will support unit growth, although margin pressure and questions about long-term resale values will remain constraints.
04Asia-Pacific drives market expansion
High confidenceAsia-Pacific accounted for 38.14% of the broader global fashion-accessories market in 2025, equivalent to approximately $436.18 billion. McKinsey expects Asia-Pacific to generate the largest share of jewelry-market growth through 2028, led by China and India.[10][68]
Forecast 2027: Asia-Pacific will remain the primary growth engine in 2027, with local brands, gold jewelry and digitally enabled commerce gaining share. International brands will need more localized products and pricing to compete effectively.
05Branded jewelry gains share
High confidenceBranded jewelry represented 25% of the global jewelry market in 2024. Branded jewelry sales grew 8.3% annually from 2021 to 2024, nearly twice the 4.3% growth recorded by unbranded jewelry.[10]
Forecast 2027: Branded jewelry will continue taking share in 2027 as consumers use brand reputation to reduce purchase risk and signal identity. Luxury groups and strong independent brands should benefit most, while generic products will face greater price competition.
06Value polarization intensifies
High confidenceMcKinsey reports that sharp price increases in soft luxury categories such as ready-to-wear and handbags have weakened perceived value in China, encouraging consumers to shift spending toward jewelry. The report also identifies jewelry as a category with stronger perceived investment potential than handbags and other accessories.[10]
Forecast 2027: The 2027 market will remain polarized between affordable, value-oriented accessories and premium products with strong brand, craftsmanship or investment credentials. Mid-market products without clear differentiation will face the greatest pressure.
07Accessory prices rise selectively
High confidenceMcKinsey estimates annual price growth of 3.8% for handbags and 3.5% for other accessories from 2025 to 2028, compared with 1.2% for jewelry. This indicates that price increases are likely to contribute more to accessory sales growth than to jewelry sales growth.[10]
Forecast 2027: Brands will continue using selective price increases in 2027, especially for leather goods and premium handbags. However, repeated increases without visible improvements in quality or exclusivity will increase discounting and consumer trade-down risk.
08Smart eyewear moves mainstream
Medium confidenceMcKinsey identifies smart eyewear that combines fashion and technology as a category poised for a breakout year. This places connected eyewear among the most significant technology-led opportunities in accessories.[10]
Forecast 2027: Smart eyewear will gain visibility and distribution in 2027 as brands improve styling, battery life and practical use cases. Adoption will remain concentrated in premium and technologically engaged consumer segments rather than the entire eyewear market.
09Digital commerce becomes more assisted
Medium confidenceThe 2026 State of Fashion report identifies the AI shopper as a major consumer shift, indicating that artificial intelligence is becoming part of product discovery and purchasing. Accessories are particularly suited to assisted shopping because shoppers often compare visual style, price, brand and personalization attributes.[10]
Forecast 2027: In 2027, retailers will expand AI-assisted search, recommendation and styling tools for jewelry, handbags and eyewear. The strongest near-term impact will be higher conversion and more personalized merchandising, while customer-acquisition costs will remain a challenge.
10Digital product passports advance
High confidenceThe European Commission identifies textile apparel as a priority product group for Digital Product Passports under the Ecodesign for Sustainable Products Regulation. The Commission indicates planned adoption of the textile delegated act in the fourth quarter of 2027, with passports accessible online and through product data carriers such as QR codes.[67]
Forecast 2027: By the end of 2027, larger accessories companies selling textile-based products in the EU will increasingly prepare product-level material, traceability and compliance data. Full commercial impact will likely build after adoption because technical specifications and implementation measures will follow the delegated act.
03 Statistics
Technology & Innovation
AI in the apparel accessories industry
- The projected total addressable market for AI and augmented reality in fashion accessories was $7.8 billion globally in 2024.[1]
- 33% of apparel organizations were already using AI in 2024, while 38% were implementing it and 27% were investigating it in North America.[2]
- AI-using apparel companies reported 10.2% annual profit growth, compared with 5.5% among apparel companies with no AI plans, in Aptean’s 2024 survey.[2]
- 98% of apparel companies were at least investigating AI in 2024, and more than 70% were already implementing or using it.[2]
Automation in the apparel accessories industry
- 25% of North American fashion companies reported fully automated order-sortation systems in 2025, while 42% reported automated systems.[3]
- Order sortation received the highest future-automation priority score among North American fashion distribution processes, at more than 6.5 out of 10 in 2025.[3]
- 40% of North American apparel manufacturers reported quality or safety improvements from digital transformation in 2023.[2]
- 48% of North American apparel manufacturers reported supply-chain KPI improvements from digital-transformation initiatives in 2023.[2]
Digital Transformation in the fashion and textiles sector (sector benchmark)
- 65% of textile companies in the 2023 sample had a website, according to analysis of company websites in the EU textile ecosystem.[4]
- 4.8% of textile-ecosystem SMEs in the EU had adopted digital-twin technology in 2023.[4]
- 38.3% of textile-ecosystem SMEs in the EU used online platforms in 2023.[4]
- 26% of textile-ecosystem companies in the EU reported having a concrete digital-transformation strategy in 2024.[4]
Technology Adoption in the fashion and textiles sector (sector benchmark)
- 58% of North American fashion and apparel manufacturers used enterprise resource planning software in 2023.[2]
- 40% of North American fashion and apparel manufacturers used electronic data interchange in 2023.[2]
- 68% of North American fashion and apparel manufacturers used an online payment platform in 2023.[2]
- 54% of North American fashion and apparel manufacturers used product-lifecycle-management software in 2023.[2]
- 58% of North American fashion and apparel manufacturers used supply-chain-management software in 2023.[2]
- 44% of North American fashion and apparel manufacturers used warehouse-management systems in 2023.[2]
Cloud Computing in the fashion and textiles sector (sector benchmark)
- 16% of apparel organizations with revenue below $100 million had already moved to cloud ERP in 2025.[2]
- 48% of apparel organizations with revenue of $100 million or more were in the process of moving to cloud ERP in 2025.[2]
- 19% of apparel organizations with revenue of $100 million or more had already moved to cloud ERP in 2025.[2]
- 33% of textile-ecosystem companies in the EU used cloud technology in 2024.[4]
- 39% of apparel organizations with revenue below $100 million were in the process of moving to cloud ERP in 2025.[2]
- 32.3% of textile-ecosystem SMEs in the EU had adopted cloud technologies in 2023.[5]
Big Data in the fashion and textiles sector (sector benchmark)
- 12.8% of textile-ecosystem SMEs in the EU had adopted big-data technologies in 2023.[4]
- 52% of surveyed Indian companies said they were likely or very likely to adopt Big Data analytics within five years in 2023; the report identifies textile companies among respondents.[6]
- 12.8% of European textile SMEs had adopted Big Data and related data analytics in 2023, according to the European Monitor of Industrial Ecosystems survey.[4]
- 12% of textile-ecosystem companies in the EU used big-data technology in 2024.[4]
- 12% of companies in the European textile ecosystem reported Big Data adoption in 2024, based on the EMI Enterprise Survey.[4]
IoT in the fashion and textiles sector (sector benchmark)
- 64% of surveyed Indian companies said they were likely or very likely to adopt aspects of IoT within five years in 2023; the report identifies textile companies among respondents.[6]
04 Statistics
Data & Analytics
Data Quality in the fashion and textiles sector (sector benchmark)
- 51% of garment-level textile firms could report process input and output volumes at batch level in 2025 across the surveyed Global South markets.[7]
- 46% of fashion and apparel businesses had visibility into Tier 4 raw-material suppliers in 2025, according to a global industry survey.[8]
- 75% of fabric-level textile firms could report process input and output volumes at batch level in 2025 across the surveyed Global South markets.[7]
- 77% of raw-material-level textile firms could report process input and output volumes at batch level in 2025 across the surveyed Global South markets.[7]
- 79% of yarn-level textile firms could report process input and output volumes at batch level in 2025 across the surveyed Global South markets.[7]
- 44% of fashion and apparel businesses verified their current traceability data in 2025, based on a survey of more than 450 industry professionals globally.[8]
Data Governance in the fashion and textiles sector (sector benchmark)
- 83% of surveyed textile firms in the Global South actively shared product-related data with suppliers in 2025, while 17% had not adopted this practice.[7]
- 45% of textile firms not affected by the EU Ecodesign for Sustainable Products Regulation reported using industry data-sharing standards in 2025.[7]
- 38% of surveyed textile firms in the Global South used recognized industry standards for data sharing in 2025, while 44% used none and 18% were unsure.[7]
- 32% of raw-material suppliers in the surveyed textile supply chains used recognized data-sharing standards in 2025, compared with 55% that used none.[7]
- 52% of textile firms affected by the EU Ecodesign for Sustainable Products Regulation reported using industry data-sharing standards in 2025.[7]
- 30% of textile firms using recognized data-sharing standards reported using ISO/IEC 27001 in 2025, making it the most commonly cited standard.[7]
KPIs in the apparel accessories industry
- 10,713,256 products were tracked through resale by participating brands in Textile Exchange’s 2023 benchmark.[9]
- 1,308,743 products were tracked through upcycling by participating brands in Textile Exchange’s 2023 benchmark.[9]
- 34,603 products were tracked through rental by participating brands in Textile Exchange’s 2023 benchmark.[9]
- 11,216,732 products were tracked through repair by participating brands in Textile Exchange’s 2023 benchmark.[9]
05 Statistics
Strategy & Growth
Growth in the apparel accessories industry
- Shein reduced concept-to-customer lead time to 15–21 days, compared with approximately four to six weeks for leading fast-fashion competitors.[10]
- Fossil operated 110 company-owned retail stores and 138 outlet stores, primarily under the Fossil brand, at December 28, 2024.[11]
- Uniqlo U exceeded €100 million in sales in 2024, compared with €10 million before the pandemic, driven partly by international expansion and Asia growth.[12]
- Fossil’s fashion-accessory lines accounted for 19.7% of consolidated net sales in fiscal 2024.[11]
Differentiation in the apparel accessories industry
- More than 60% of consumers across the surveyed Asian markets associated lesser-known niche brands offering strong style and quality with luxury in 2024.[13]
- FENDI and SKIMS generated more than $3 million in sales within the first 10 minutes of their 2021 collaboration launch, with over half of demand coming from outside the United States.[14]
- Shein accounted for 50% of U.S. fast-fashion sales by November 2022, up from 12% in January 2020.[15]
- 40% of U.S. consumers had purchased from Shein or Temu during the previous 12 months in the 2024 State of Fashion research.[15]
Mergers and acquisitions in the apparel accessories industry
- Prada agreed to acquire Versace in a transaction valued at approximately $1.4 billion in 2025.[16]
- EssilorLuxottica agreed to acquire Supreme from VF Corporation for $1.5 billion in 2024.[17]
- Global fashion and apparel M&A activity reached approximately 304 deals in 2024, with about $22 billion in aggregate deal value.[18]
- The proposed Tapestry–Capri merger was valued at $8.5 billion before termination in November 2024.[16]
Strategic partnerships in the apparel accessories industry
- The FENDI–SKIMS collaboration generated more than $3 million in sales during its first 10 minutes in 2021.[14]
- Gap’s 2024 collaboration with Dôen comprised 51 products spanning adult, kid, toddler and baby categories, including accessories.[19]
- More than half of demand for the FENDI–SKIMS collaboration came from outside the United States in 2021.[14]
- French Connection’s 2024 partnership with Concept One Accessories introduced a North American line of soft accessories.[20]
06 Statistics
People & Workforce
Hiring in the apparel accessories industry
- 87% of U.S. fashion companies surveyed in 2025 expected to increase hiring over the five years to 2031.[21]
- Data scientists, compliance specialists and sustainability professionals were the three U.S. fashion roles expected to be in highest demand from 2026 through 2031.[21]
- Recruiting was identified by 23% of U.S. textile, apparel and leather stakeholders as a significant workforce challenge in 2024.[22]
Employee retention in the apparel accessories industry
- 53% of the U.S. textile workforce was aged 45 or older in 2024, compared with 48% of the overall manufacturing workforce.[22]
- 13% of U.S. textile, apparel and leather stakeholders identified employee retention as a significant workforce challenge in 2024.[22]
- The median age of the U.S. textile workforce was 46.9 years in 2024, compared with 44.1 years for manufacturing overall.[22]
Remote Work in the fashion and textiles sector (sector benchmark)
- Across U.S. manufacturers, 95% of employees with work flexibility use it, according to a 2024 member survey covering operations and production roles.[23]
- Among non-manager manufacturing employees able to work remotely, 67% can work from home two days per week, according to a 2024 member survey.[23]
- In 2024, 15% of non-factory-floor employees at surveyed global manufacturers worked fully remotely, compared with 8% of factory-floor employees.[24]
- In a global survey of more than 1,000 fashion professionals, 65% identified flexible working policies as the most important employer benefit.[25]
Hybrid Work in the fashion and textiles sector (sector benchmark)
- Across surveyed manufacturers in 2025, 79% operated a hybrid model for non-production employees, while 17% were fully back in the office.[23]
- Among fashion and beauty professionals globally, 52% preferred a hybrid schedule with two or three days in the office.[25]
- Among global manufacturers in 2024, 42% of non-factory-floor employees worked in hybrid arrangements, compared with 10% of factory-floor employees.[24]
- In 2025, 23% of surveyed manufacturers were actively updating hybrid policies to add more structure around required office days.[23]
Upskilling in the apparel accessories industry
- 11% of U.S. textile, apparel and leather stakeholders identified training or upskilling as a significant workforce challenge in 2024.[22]
- 39% of fashion workers said their desire for AI training remained unmet in 2026.[25]
- Only 16% of fashion workers reported receiving comprehensive, structured AI training in 2026.[25]
Employee Engagement in the fashion and textiles sector (sector benchmark)
- Moncler Group recorded a 76% employee engagement rate in 2024, based on responses from 6,777 employees worldwide.[26]
- NEXT Group reported a 75% overall employee-engagement score in 2025/26, exceeding its cited UK fashion-retail benchmark of 64%.[27]
- Fast Retailing reported a 78.0% overall employee-engagement index in its fiscal 2025 survey, covering 36,827 respondents globally.[28]
- H&M Group reported an employee satisfaction score of 76 out of 100 in 2024, up from 75 in 2023.[29]
- Burberry reported a colleague engagement score of 74 points in its fiscal 2023/24 Glint survey.[26]
Change Management in the fashion and textiles sector (sector benchmark)
- Across surveyed fashion and apparel companies, 75% were already on a digital-transformation journey and reporting positive results in 2023.[2]
- Fashion and apparel companies attributed a 39% improvement in sales and customer-service on-time-in-full KPIs to digital transformation in 2023.[2]
- Fashion and apparel companies attributed a 35% improvement in inventory and warehousing KPIs to digital transformation in a 2023 survey.[2]
- Fashion and apparel companies attributed a 37% improvement in analytics and business-intelligence KPIs to digital transformation in a 2023 survey.[2]
- Fashion and apparel companies attributed a 40% improvement in procurement KPIs to digital transformation, according to a 2023 industry survey.[2]
07 Statistics
Customer & Sales
Customer experience in the apparel accessories industry
- 82% of U.S. fashion consumers expected to find the same products across online and physical channels in 2024, while only about 10% of retailers’ online assortments were available in stores.[30]
- 78% of consumers wanted tangible, money-saving benefits from personalized brand experiences in 2024.[31]
- Nearly three in four consumers said they were more likely to purchase from brands delivering personalized experiences in 2024.[31]
- Fashion and beauty retailers can increase conversion and cross-sell rates by 30% to 40% through complete-the-look recommendations, according to 2024 research.[32]
Customer retention in the apparel accessories industry
Customer loyalty in the apparel accessories industry
- 80% of U.S. fashion consumers considered an attractive retailer rewards program important in 2024.[30]
- 36% of U.S. fashion consumers said existing loyalty programs incentivized them to shop more often with the retailer in 2024.[30]
- Only 32% of U.S. fashion consumers said existing loyalty programs made them feel that the brand understood them in 2024.[30]
08 Statistics
Marketing & Brand
Marketing in the apparel accessories industry
- 51% of Gen Z consumers had occasionally purchased apparel and accessories through social media, compared with 23% of Millennials.[34]
- 4% year over year was the growth in apparel and accessories digital advertising in 2024, led by social and search advertising.[35]
- 40% of apparel shoppers surveyed said social media was where they discovered products they later purchased in the prior year.[36]
- 33% of retail affiliate-marketing ad spend in 2024 came from the clothing and accessories category globally.[37]
Digital marketing in the apparel accessories industry
- 49% of September 2026 fashion clothing and accessories e-commerce sales came through paid search, email, direct, affiliate or paid social channels combined.[38]
- 46.1% of September 2026 fashion clothing and accessories e-commerce sales came through paid search marketing.[38]
- 1.5% of September 2026 fashion clothing and accessories e-commerce sales came through paid social media marketing.[38]
- 24.3% of September 2026 fashion clothing and accessories e-commerce sales came through email marketing.[38]
Branding in the apparel accessories industry
- 29.7% of U.S. consumers in one February 2026 survey said they had not bought branded clothing or apparel accessories.[39]
- 25.5% of U.S. consumers in one February 2022 survey said they had bought branded clothing or apparel accessories.[39]
- 15.1% of U.S. consumers in one December 2024 survey said they had not bought branded clothing or apparel accessories.[39]
- 31.8% of U.S. consumers in one May 2022 survey said they had bought branded clothing or apparel accessories.[39]
Influencer Marketing in the fashion and textiles sector (sector benchmark)
- 1.53% was the average engagement rate for fashion influencer content in 2023, rising to 2.26% on TikTok.[41]
- 1.8% was the average influencer engagement rate for giant fashion brands, compared with 1.9% for challengers and 1.6% for up-and-comers in 2024.[42]
- 76% of fashion earned media value was generated by affordable fashion brands globally in 2025.[43]
- 25% of fashion earned media value came from TikTok globally in 2025, following 45.2% year-over-year growth in TikTok fashion earned media value.[43]
- $15.1 billion in earned media value was generated by the top 100 global fashion brands in 2025.[43]
09 Statistics
Operations & Execution
Process optimization in the apparel accessories industry
- 40% of apparel manufacturers reported quality KPI improvements from digital transformation in supply-chain operations.[2]
- 40% of apparel manufacturers reported maintenance and equipment-utilization KPI improvements from digital transformation.[2]
- 26% of apparel manufacturers reported improvements in inventory turns and warehousing efficiency from digital transformation.[2]
- 24% of apparel manufacturers reported improvements in business intelligence and analytics from digital transformation.[2]
Operational efficiency in the apparel accessories industry
- 18% of surveyed apparel and footwear brands had mature strategic-sourcing and costing practices in 2025.[44]
- 19% of surveyed apparel and footwear brands had mature collaborative supply-planning practices in 2025.[44]
- 25% of U.S. and U.K. fashion retailers reported limited or no item-level stock visibility in 2025.[45]
- 22% of surveyed apparel and footwear brands had mature proactive supplier-management practices in 2025.[44]
Supply chain in the apparel accessories industry
- 99 global apparel, footwear and accessories brands participated in Deloitte’s supply-chain survey conducted across 2024 and 2025.[44]
- 21% of United States fashion-company survey respondents planned to source goods from more countries through 2027.[21]
- 7% of surveyed apparel and footwear brands reported mature practices across the three critical capabilities assessed by Deloitte.[44]
- 49 countries supplied apparel products reported by survey respondents in 2026, compared with 46 countries in 2025.[21]
Outsourcing / Offshoring in the fashion and textiles sector (sector benchmark)
- Among large U.S. fashion companies with 1,000+ employees, approximately 60% sourced apparel from at least 10 countries in 2025.[21]
- Among U.S. fashion companies, 60% sourced less than 10% of their apparel products from China in 2025.[21]
- Among surveyed apparel and footwear brands globally, 49% prioritized transforming their supply base to increase margins or decrease costs over the next two years.[44]
- Among U.S. fashion companies, more than 80% planned to further reduce apparel sourcing from China over the following two years through 2027.[21]
- Across U.S. fashion companies, 46 countries were used as apparel sourcing destinations in 2025.[21]
10 Statistics
Finance & Pricing
Pricing strategy in the apparel accessories industry
- 2% was the expected 2025 decline in global high-end apparel, footwear and handbag sales in Bain’s market update.[16]
- €10,300 was the reported 2024 price of Chanel’s classic quilted 11.12 lambskin handbag, compared with €4,800 in 2019.[12]
- 24% was Chanel’s reported operating margin in 2024, down from 32.49% in 2023 amid aggressive handbag price increases.[12]
Cost reduction in the apparel accessories industry
- $9.1 million of organizational-efficiency costs were recorded by Tapestry in fiscal 2026, including $3.5 million in its Kate Spade segment.[11]
- $1.4 million of depreciation and amortization expense was associated with Kate Spade distribution-network optimization in fiscal 2026.[11]
- 45% was the planned reduction in Steve Madden’s imports from China in 2025 in response to anticipated tariff risks.[16]
Profitability in the apparel accessories industry
Financial planning in the apparel accessories industry
- €7.7 billion was Gucci’s 2024 revenue, down 23% as reported and 21% on a comparable basis.[46]
- €1.605 billion was Gucci’s recurring operating income in 2024, down from the prior year according to Kering.[46]
- €700 million to €800 million was the estimated exceptional 2025 budget contribution expected to burden LVMH’s net profit.[16]
11 Statistics
Product & Service
Product development in the apparel accessories industry
- 11–19 months was the most common product-development calendar among surveyed apparel, footwear and accessories brands in 2023.[48]
- 68% of surveyed apparel, footwear and accessories brands used a combination of in-house and third-party product testing in 2023.[48]
- More than 80% of surveyed apparel, footwear and accessories brands assigned product testing to product-development staff or a dedicated testing role in 2023.[48]
- 80% of surveyed apparel, footwear and accessories brands expected product testing to change, innovate or increase in the future.[48]
- 70% of surveyed apparel, footwear and accessories brands frequently performed formal product testing in 2023.[48]
Product lifecycle in the apparel accessories industry
- 87.0% of luxury bags and accessories companies offered repair, refurbishment or product-care services in Deloitte’s 2026 survey.[49]
- 37.0% of luxury bags and accessories companies operated brand-owned or third-party resale platforms in Deloitte’s 2026 survey.[49]
- 51.9% of luxury bags and accessories companies had certified pre-owned or trade-in programs in Deloitte’s 2026 survey.[49]
- 92% of U.S. luxury-product consumers surveyed by Kering said they recycled, resold or donated products at end of life.[46]
After-sales in the apparel accessories industry
Value proposition in the apparel accessories industry
- 58% of consumers preferred the secondary fashion market outright in The RealReal’s 2025 survey.[50]
- 17% was the 2025 increase in resale value for the Hermès Birkin 30 bag, according to The RealReal.[50]
- 47% of U.S. resale consumers considered resale value before buying a new fashion product in 2025.[50]
- 20% was the 2025 increase in resale value for Van Cleef & Arpels Alhambra jewelry, according to The RealReal.[50]
12 Statistics
Sustainability & Ethics
Sustainability in the apparel accessories industry
- 86% of fashion companies lacked a public coal phase-out target in Fashion Revolution’s 2024 assessment.[51]
- 45% of fashion companies disclosed neither production volumes nor the raw-material emissions footprint of their products in 2024.[51]
- 92% of fashion companies lacked a public renewable-electricity target for their supply chains in Fashion Revolution’s 2024 assessment.[51]
- 94% of fashion companies lacked a public renewable-energy target in Fashion Revolution’s 2024 assessment.[51]
ESG in the apparel accessories industry
Ethics in the apparel accessories industry
CSR in the apparel accessories industry
Circular economy in the apparel accessories industry
- 76% of Textile Exchange benchmark participants used resale to extend the first life of products in 2023.[9]
- 36% of Textile Exchange benchmark participants used upcycling to extend the first life of products in 2023.[9]
- 57% of Textile Exchange benchmark participants used repair to extend the first life of products in 2023.[9]
- 24% of Textile Exchange benchmark participants used rental to extend the first life of products in 2023.[9]
Carbon footprint in the apparel accessories industry
- 0.19–0.66 kg CO2-equivalent per piece was the mean global-warming potential for several trim-intensive garment categories in a 2026 study.[52]
- Omitting trims and accessories underestimated garment life-cycle results by 1%–6% in a 2026 apparel life-cycle study.[52]
- 75% of trims-and-accessories emissions embedded in EU and U.S. exports came from Bangladesh in a 2026 study.[52]
- Up to 48% of trims-and-accessories greenhouse-gas emissions could be reduced through recycled inputs and renewable energy in a 2026 study.[52]
13 Statistics
Risk, Compliance & Legal
Compliance in the apparel accessories industry
- 60% of surveyed U.S. fashion companies planned to allocate more resources to sustainability, social responsibility and compliance in 2025, down from 82% in 2024.[21]
- 6% of surveyed fashion, apparel and footwear companies had no formal compliance process in 2026.[53]
- 92% of apparel-company respondents used supplier scorecards and 78% used third-party audits to enforce sustainability standards in 2023.[10]
- 17% of surveyed fashion, apparel and footwear companies still used spreadsheets and email to track compliance and audit trails in 2026.[53]
Risk Management in the fashion and textiles sector (sector benchmark)
- 21% of fashion, apparel, and footwear brands across 24 countries reported experiencing shipment detentions at U.S. borders because of compliance issues.[54]
- 60% of fashion, apparel, and footwear respondents across 24 countries identified supplier resistance or limited supplier capability as their biggest compliance barrier.[54]
- 92% of U.S. fashion companies rated protectionist trade policies and related uncertainty among their top two business challenges in 2026.[21]
- 50% of U.S. fashion companies used AI for risk management, sustainability tracking, and sourcing strategy or cost optimization in 2026.[21]
Cybersecurity in the fashion and textiles sector (sector benchmark)
- 31% of North American apparel organizations identified cyber or digital external threats as a significant concern in 2025.[2]
- 22% of North American apparel organizations with annual revenue below $100 million identified cyber or digital threats as a significant external pressure in 2025.[2]
- 40% of North American apparel organizations with annual revenue of at least $100 million identified cyber or digital threats as a significant external pressure in 2025.[2]
- 27% of North American apparel organizations identified cyber or digital external threats as a notable concern in 2025.[2]
Data Privacy in the fashion and textiles sector (sector benchmark)
- 91% of European companies publicly reported customer control provisions such as opt-in or opt-out consent, access, transfer, correction, or deletion rights in 2024.[55]
- 86% of North American companies publicly reported their customer data-protection practices in 2024.[55]
- 92% of North American companies publicly reported the nature of information they collect from customers in 2024.[55]
- 83% of North American companies publicly reported their policies on disclosure of customer data to third parties in 2024.[55]
Crisis Management in the fashion and textiles sector (sector benchmark)
- 87.0% of organizations globally considered staff wellbeing a key requirement of their crisis-management teams in 2024.[56]
- 84.7% of organizations globally preferred a crisis-management structure with some degree of centralization in 2024.[56]
- 83% of fashion and lifestyle CFOs in German-speaking countries considered fundamental restructuring necessary in 2026.[57]
- 86% of fashion and lifestyle companies in German-speaking countries were actively implementing restructuring programs in 2026.[57]
- 75.1% of organizations globally activated their crisis-management plans during the 12 months covered by the 2024 survey.[56]
Governance in the apparel accessories industry
- 79% of Ralph Lauren’s Tier 1 direct supplier factories were audited against its labor code in fiscal 2024.[58]
- 1% of apparel-company respondents used shared investments with suppliers in 2023, according to McKinsey’s global apparel CPO survey.[10]
- 99.8% of Ralph Lauren’s audited Tier 1 supplier-factory audits were conducted by independent third parties in fiscal 2024.[58]
- 58 audits of top knit and woven-fabric suppliers were completed by Ralph Lauren in fiscal 2024.[58]
14 Statistics
Globalization & Expansion
Globalization in the apparel accessories industry
- 40% of Lululemon’s sportswear was manufactured in Vietnam in 2024, followed by Cambodia at 17%.[16]
- No single country exceeded a 10% export share in any accessory category in 2024, indicating a geographically dispersed accessory-supply structure.[59]
- 3.5% was the average annual growth in European Union fashion-accessories import value from 2019 to 2024.[60]
- 11% of Lululemon’s sportswear was manufactured in Sri Lanka and 11% in Indonesia in 2024.[16]
Cultural adaptation in the apparel accessories industry
- Fashion, footwear and accessories made up the consumer categories covered across regional markets in Bluebell Group’s 2024 Asia lifestyle survey.[13]
- Over 60% of consumers across the markets surveyed recognised lesser-known niche brands offering strong style and quality as synonymous with luxury in 2024.[13]
- 45% of South Korean consumers and 39% of Japanese consumers showed a preference for beauty and fragrance within the surveyed lifestyle categories in 2024.[13]
Supplier management in the apparel accessories industry
- 43% of apparel-company supplier relationships were long-term strategic partnerships with volume commitments in 2023, up from 26% in 2019.[10]
- 10% of apparel-company supplier relationships remained transactional in 2023, down from 22% in 2019.[10]
- 47% of apparel-company supplier relationships were long-term relationships without volume commitments in 2023.[10]
- More than 80% of large apparel companies had forged some form of strategic supplier partnership in 2023.[10]
Stakeholder management in the apparel accessories industry
- 63% of surveyed fashion, apparel and footwear professionals said industry-wide supplier-data standards would accelerate progress most in 2026.[61]
- 80% or more of apparel brands had sustainability, transparency and traceability prerequisites in supplier selection in 2024.[10]
- Only 16% of apparel companies surveyed had moved beyond transactional supplier models in the cited McKinsey study.[10]
Distribution channels in the apparel accessories industry
- 11% of U.S. supplier sales came through online-only players or marketplaces in 2025.[10]
- 13% of U.S. supplier sales came through retail stores in 2025, according to McKinsey’s supplier survey.[10]
- 51% of U.S. supplier sales came through direct-to-consumer channels in 2025: 15% by phone, 19% in person and 17% through digital platforms.[10]
- 24% of U.S. supplier sales came through distributors in 2025, according to McKinsey’s supplier survey.[10]
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Samuel Norberg. (2026, November 11). Apparel Accessories Industry Statistics. Gitnux. https://gitnux.org/apparel-accessories-industry-statistics
Samuel Norberg. "Apparel Accessories Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/apparel-accessories-industry-statistics.
Samuel Norberg. 2026. "Apparel Accessories Industry Statistics." Gitnux. https://gitnux.org/apparel-accessories-industry-statistics.
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Social media in the apparel accessories industry