GITNUX MARKETDATA REPORT 2024

Retail Apparel Industry Statistics [Fresh Research]

Statistic 1

"E-commerce sales in the apparel and accessories segment reached $142 billion in the United States in 2021."

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Statistic 2

"Second-hand clothing purchases are projected to grow 11 times faster than traditional retail over the next five years."

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Statistic 3

"In 2021, the global luxury apparel market was valued at approximately $70 billion."

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Statistic 4

"Fast fashion brands like Zara and H&M can design, manufacture, and stock new collections in stores within 3 to 5 weeks."

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Statistic 5

"The global apparel market is valued at approximately $1.5 trillion in 2022."

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Statistic 6

"China is the largest exporter of textiles and garments, accounting for over 30% of the world’s apparel exports in 2020."

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Statistic 7

"The employed fashion designers' median annual wage was $75,810 in May 2020."

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Statistic 8

"The size-inclusive apparel market has been growing at an average annual growth rate of more than 12% in recent years."

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Statistic 9

"The apparel resale market is expected to reach $77 billion in 2025, nearly doubling from $36 billion in 2021."

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Statistic 10

"Consumers are willing to spend up to 20% more on sustainably produced apparel."

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Statistic 11

"In 2021, the sportswear market segment generated $353 billion globally."

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Statistic 12

"The average household expenditure on apparel and services in the United States was $1,754 in 2020."

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Statistic 13

"The average return rate for online purchased apparel is about 30% compared to 8.9% for brick-and-mortar stores."

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Statistic 14

"In 2021, the women's apparel market accounted for 50.4% of the total global apparel market share."

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Statistic 15

"Foot traffic in U.S. apparel stores decreased by 50% from 2019 to 2020 due to the COVID-19 pandemic."

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Statistic 16

"Nike is the leading apparel brand worldwide with a brand value of approximately $34.8 billion as of 2021."

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Statistic 17

"Online sales account for about 27% of total retail sales in the apparel industry in the United States as of 2021."

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Statistic 18

"Digital and e-commerce payrolls in the apparel industry grew by 20% in 2021."

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