Women's Clothing Stores in the US - Industry Market Research Report

Women's Clothing Stores in the US - Industry Market Research Report
Women's Clothing Stores in the US

Revenue for the Women's Clothing Stores industry has been increasing at a CAGR of 1.5% over the past five years, and is expected to reach $67.4 billion in 2023. This includes an increase of 2.6% in 2023 alone. Although the industry experienced overall growth during the period, the COVID-19 (coronavirus) pandemic caused a sharp decrease in 2020. Despite the challenges brought by the pandemic, an increase in consumer spending and e-commerce sales over the past five years have benefited the industry and contributed to rising revenue. While price-conscious consumers among lower- to middle-income households are important to industry sales, the willingness of higher-income consumers to spend on luxury clothing and accessories has been an important driver of revenue growth.

This industry comprises establishments that specialize in women’s wear, including misses’, juniors’, plus-size and maternity clothing. Operators in this industry undertake sales and administrative activities, such as customer service, advertising and cash handling. Some stores also offer basic alteration services on-site.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.