Around the Net
Online Fashion Growth Outshining Offline Sales
- Chain Store Age, Monday, April 30, 2018 8 AM
The online fashion market has grown at a 14% compounded annual growth rate since 2012, a stark contrast from 1% of growth offline, according to Forrester. According to the data, fashion is the second-largest retail spending sub-category, trailing behind the food and drink category, and makes up 12% of the total retail spend. The fashion market grew from $375.6 billion in 2012 to $433.6 billion in 2017.
