IBISWorld Industry Market Research: The U.S. Online Designer Clothing Sales Industry is Expected to Earn Revenue of $5.1 billion in 2016

Increasing disposable income and internet access will lead more people to shop online. For this reason, industry research firm IBISWorld has updated a report on Online Designer Clothing Sales.

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IBISWorld Inc.

Nov 16, 2016, 10:34 ET

NEW YORK, Nov. 16, 2016 /PRNewswire/ -- The Online Designer Clothing Sales industry has grown furiously for more than a decade, as consumers have increasingly shifted toward shopping online. Over the five years to 2016, growth in the overall economy and strong increases in the number of broadband connections have spurred rapid industry growth. Over the five-year period, per capita disposable income and consumer confidence have increased. "These macroeconomic drivers have expanded consumer wallets, and enabled shoppers to splurge more often on the luxury goods sold by industry operators," says IBISWorld Industry Analyst Anya Cohen. Furthermore, the rapid increase in the number of broadband connections has made it easier than ever for shoppers to access e-tailers and purchase industry goods. Combined, these factors have led industry revenue to expand over the five-year period, increasing at an annualized rate of 9.3% to $5.1 billion.

For the full report, visit IBISWorld's Online Designer Clothing Sales in the US industry report page.

Over the five years to 2021, IBISWorld estimates that the industry will continue expanding, although an increasingly saturated market will result in relatively slower growth. The industry will continue to be affected by many of the same drivers that affected it over the previous five-year period, with per capita disposable income and the number of broadband connections likely to continue expanding. However, consumer confidence will slightly falter, somewhat pressuring industry demand over the period.

Similar industries:

Women's Clothing Stores
E-Commerce & Online Auctions

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IBISWorld industry Report Key Topics

Industry Performance
Products & Markets
Globalization & Trade
Major Companies
Operating Conditions
Key Statistics

About IBISWorld Inc.
Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. For more information, visit www.ibisworld.com or call 1-800-330-3772.

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SOURCE IBISWorld Inc.