>>
Home / Knowledge / News / Apparel/Garments / US apparel industry grows 3%, reaches $218.7 bn in 2016
US apparel industry grows 3%, reaches $218.7 bn in 2016
07
Mar '17
Apparel sales across women, men and children grew by 3 per cent in the US in 2016, to reach $218.7 billion, according to a recent report. Changing consumer needs and an evolving retail marketplace were the drivers behind the apparel industry's overall sales performance last year. The industry had positive overall performance with growth in most categories.

The apparel industry of the US has struggled to exceed 3 per cent sales growth since 2013, as significant gains in select consumer and retail segments were offset by declines in others, says a report by The NPD Group, a leading global information company.

The growth of online shopping, which was underscored during and immediately following the holiday season, was one of the most highlighted retail shifts of 2016. In 2011 online represented only 11 per cent of total US men’s, women’s, and children’s apparel sales, but in 2016 that number rose to 19 per cent.

Pure-play e-commerce sites have been an important piece of online's growth, outpacing the overall channel performance. Online's continued growth has come at the expense of in-store sales, affecting the more traditional apparel department, national chain and specialty channels. The growth that occurred in the online, off-price, and mass channels came from a consumer focus on convenience, value, and price, said The NPD Group in a press release.

"The apparel industry is being pushed and pulled in different directions by consumers who are demanding something different, and looking to less traditional buying channels to find it," said Marshal Cohen, chief industry analyst, The NPD Group, Inc.

The apparel consumer's desire for comfort and style combined has sustained the growth of the athleisure movement for the last few years. Athleisure, which is heavily driven by millennials but appeals to all age groups, continued to be a top growing apparel segment through 2016 with an 11 per cent increase that made it a $45.9 billion market.

The emphasis on casual comfort attempted to take deeper roots in the women's intimates space last year, with increased emphasis on athletic-inspired products and newer bralette styles, but results fluctuated and ended in a slight uptick in year-over-year results. Despite the strength of active, sales of tailored clothing increased 5 per cent.

Dresses retained their rank as one of the top performing categories in overall sales and growth with 5 per cent growth to reach $15.6 billion. Last year was also a positive one for jeans, another critical category for apparel, which finally rebounded in 2016 to align with the industry’s 3 per cent growth rate, reaching $15.3 billion in sales.

"Consumers may be driving the recent trends in apparel, but retail needs to respond and take ownership of the business back in order to capture the greater growth opportunities that exist," added Cohen. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Jan 2022

China’s GDP increases by 8.1% in 2021

The GDP of China was 114,367 billion yuan in 2021, an increase of 8.1 ...

Pic: Shutterstock

Textiles | On 17th Jan 2022

EU-UK bilateral trade of textiles witness major drop: EURATEX

The imports and exports of textiles between the EU and UK have...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Canada-Vietnam sign MoU for joint economic committee

Canada and Vietnam recently signed a memorandum of understanding...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

G Tumbarello,

G Tumbarello

Lilly + Sid is an award-winning organic children's clothing company from...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Calvin Klein
J ;& P Coats
Gatsby Africa
MAS Active / MAS Kreeda / MAS Bodyline
Page Industries Limited (Bangalore)
Walmart
Groz-Beckert East Asia LLP
TESCO INTERNATIONAL SOURCING LIMITED
Sateri (Jiujiang) Fiber Co.,Ltd
Tommy Hilfiger
Gokaldas Exports Limited
Alison Hayes Romania
SYNERGIES HONG KONG LIMITED
Decathlon
OVS Hong Kong Sourcing Ltd.
Permoda(Koaj/Armi/Pronto/Bkul)
Etam Group Strategy Hong Kong Limited
Grasim Industries Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search