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.
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IBISWorld industry Report Key Topics
Products & Markets
Globalization & Trade
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