Apparel & Footwear Sales Forecast’s 2023

Revenue in the Apparel market amounts to
US$1.74tn

eCommerce Apparel segment revenue growth projected US$548.60bn

Revenue in the Footwear market amounts to
US$398.40bn

eCommerce Footwear segment revenue growth projected US$135.00bn

Apparel & Footwear Sales Forecast’s 2023

Revenue in the Apparel market amounts to
US$1.74tn

eCommerce Apparel segment revenue growth projected US$548.60bn

Revenue in the Footwear market amounts to
US$398.40bn

eCommerce Footwear segment revenue growth projected US$135.00bn
Category Wise Sales Forecast’s 2023
Revenue in the Apparel segment



Source: Statista
Category Wise Sales Forecast’s 2023
Revenue in the Apparel segment



Source: Statista
Fashion Inches Towards Reclaiming Lost Ground
Executives at McKinsey predict that Luxury & Non-luxury fashion sales would largely recover by end of 2022 propelled by surging e-commerce adoption and domestic spending


Fashion Inches Towards Reclaiming Lost Ground
Executives at McKinsey predict that Luxury & Non-luxury fashion sales would largely recover by end of 2022 propelled by surging e-commerce adoption and domestic spending


Fashion Retail Opportunities and Challenges
Fashion Retail Opportunities and Challenges
Opportunities

Digital Transformation

Sustainability

Customer Experience

Click & Collect / Curbside
Challenges

Supply Chain / Inventory Management

Sustainability

COVID – 19 Recovery

Economic Uncertainty
Opportunities
Digital Transformation
Sustainability
Customer Experience
Click & Collect / Curbside
Challenges
Supply Chain / Inventory Management
Sustainability
COVID – 19 Recovery
Economic Uncertainty
Biggest Opportunity Ahead

Biggest Challenge Ahead

Top Three Answers, % Of Respondents Who Mentioned the Words. Source McKinsey
Biggest Opportunity Ahead

Biggest Challenge Ahead

Top Three Answers, % Of Respondents Who Mentioned the Words. Source McKinsey
Achieve Fashion Retail Goals in 2023 & Beyond with The Perfect Retail Management Technology
INCREASED CONNECTIVITY = Digital Transformation
Allow your customers to shop for your merchandise through a channel of their choice, from digital channels to physical stores, while keeping track of your sales & inventory. Automate activities such as order tracking, refunds, and complaint resolution using cloud retail solutions.

EXPERIENTIAL COMMERCE = Higher Sales
Fashion retailers need to create enticing experiences that will take shopping to the next level. Mobile POS allows fashion retailers to set up kiosks, pop-up stores in prime locations, while experiences can be supplemented by the use of Augmented Reality (AR) & Artificial Intelligence (AI).

CLOUD PLATFORM = Seamless Customer Experience
The transition to cloud-based platforms is critical for fashion retail growth. Cloud-based platforms enable fashion retailers to engage shoppers and provide superior buying experiences by providing access to centralised data of customer purchasing history and preferences.

SUSTAINABILITY = Higher Customer Loyalty
Sustainability attracts higher loyalty. Retail Management Solutions can assist fashion retailers in reducing waste and incorporating personalisation by providing cataloged selections and customised services.

INVENTORY CONTROL = Lower Costs
Have the appropriate inventory in the right place, at the right level, at the right time, and for the right price; track all products that leave your stores via various channels. Bin & catalogue management helps in logically organising Fashion stores for better inventory visibility.

DELIVERY AND RETURNS = Complete Convenience
Enterprise-Class Retail Management Solutions not only support multiple delivery options like BOPIS, BORIS, Curbside; but also simplify returns and refund management for Fashion retailers. Shoppers enjoy the convenience they deserve, while retailers get rid of their challenges.

Achieve Fashion Retail Goals in 2023 & Beyond with The Perfect Retail Management Technology
INCREASED CONNECTIVITY = Digital Transformation
Allow your customers to shop for your merchandise through a channel of their choice, from digital channels to physical stores, while keeping track of your sales & inventory. Automate activities such as order tracking, refunds, and complaint resolution using cloud retail solutions.

EXPERIENTIAL COMMERCE = Higher Sales
Fashion retailers need to create enticing experiences that will take shopping to the next level. Mobile POS allows fashion retailers to set up kiosks, pop-up stores in prime locations, while experiences can be supplemented by the use of Augmented Reality (AR) & Artificial Intelligence (AI).

CLOUD PLATFORM = Seamless Customer Experience
The transition to cloud-based platforms is critical for fashion retail growth. Cloud-based platforms enable fashion retailers to engage shoppers and provide superior buying experiences by providing access to centralised data of customer purchasing history and preferences.

SUSTAINABILITY = Higher Customer Loyalty
Sustainability attracts higher loyalty. Retail Management Solutions can assist fashion retailers in reducing waste and incorporating personalisation by providing cataloged selections and customised services.

INVENTORY CONTROL = Lower Costs
Have the appropriate inventory in the right place, at the right level, at the right time, and for the right price; track all products that leave your stores via various channels. Bin & catalogue management helps in logically organising Fashion stores for better inventory visibility.

DELIVERY AND RETURNS = Complete Convenience
Enterprise-Class Retail Management Solutions not only support multiple delivery options like BOPIS, BORIS, Curbside; but also simplify returns and refund management for Fashion retailers. Shoppers enjoy the convenience they deserve, while retailers get rid of their challenges.

Sell in-store and online with ease, and watch your profits soar
Sell in-store and online with ease, and watch your profits soar
Now is the right time for technology modernisation. Before pledging to a single retail management solution, we recommend that you consider all aspects of your business. If you require expert guidance, our retail experts are available to discuss your business requirements and tailor a retail management solution to meet your specific needs.
Now is the right time for technology modernisation. Before pledging to a single retail management solution, we recommend that you consider all aspects of your business. If you require expert guidance, our retail experts are available to discuss your business requirements and tailor a retail management solution to meet your specific needs.