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United States Retail Industry

The clothing retail landscape in the U.S. is highly developed and competitive with a number <br> of specialty brands, department stores and multi-brand chains competing against each <br> other on design, variety and price

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United States Retail Industry

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  1. United States Clothing Retail Industry Renub Research Email: info@renub.com Phone: +91-120-421-9822 (India) +1-678-302-0700 (USA) www.renub.com

  2. United States Clothing Market • The clothing retail landscape in the U.S. is highly developed and competitive with a number • of specialty brands, department stores and multi-brand chains competing against each • other on design, variety and price. • The rapid expansion of mass merchants like Wal-Mart and Target has pressured clothing • retailers at the lower and middle segments of the market. By selling stylish clothes and • accessories at low prices, mass merchants attract consumers looking for fashion and value. • The US clothing retailers are facing stiff competition from European rivals. It takes • up to 9 months for legacy brands like J. Crew, Gap and others to get their products to the • market, but foreign competitors are twice as fast. Zara, H&M and others are able to copy • new trends from fashion shows worldwide within a few days.

  3. United States Clothing Market • The traditional US brands are • working on a makeover. J.Crew is • trying to target price-conscious customers • with its new daughter company, J.Crew • Mercantile. Gap is also trying to bring • smaller lines into the shops of its own • subsidiary, Old Navy, so that it can react • more flexibly on trends and get a better • sense of what customers want. • The United States clothing market was • worth US$ 178.5 Billion in 2013 and the • figure is estimated to reach value worth • US$ 188.3 Billion in 2015. United States – Clothing Market (Billion US$), 2013 – 2015 Source: economagic.com, Renub Research Analysis

  4. United States - Monthly Spending on Clothing The United States consumers monthly spending on clothing during the period November and December is higher than any other months in any year. Due to the winter holiday and festive season, the clothing spending gets higher. United States – Monthly Spending on Clothing (Million US$), 2013 – 2015 Source: economagic.com, Renub Research Analysis

  5. United States - Monthly Spending on Clothing During the period (November – December 2014), the US consumers spending on clothing was over US$ 40 Billion and this year (November – December 2015) it is estimated to be nearly US$ 42 Billion. United States – Monthly Spending on Clothing (Million US$), 2013 – 2015 Source: economagic.com, Renub Research Analysis

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  7. United States Clothing Market - Average Growth Rate during January to October Vs November - December • The United States clothing market growth rate • during the period January to October is • lesser than the growth rate during the • period November - December every year. • During the period (January – October 2014), • the United States clothing market witnessed • growth rate of 37.8% and the growth rate • increased to 44.3% during the winter season • (November – December) 2014. • In 2015, United States clothing market is • estimated to witness growth rate of 43.5% • during winter holiday season, while it • observed a growth rate of 35.2% during the • period (January – October 2015). United States Clothing Market - Average Growth Rate (Percent), 2013 - 2015 Source: Renub Research Analysis

  8. Americans Average Spending On Christmas • Christmas season is a time filled with festivities. From exchanging gifts to sharing meals, • people do all manner of ways to express their joy and enjoy time with friends and family • during this time of the year. Although the average amount all Americans expect to • spend is US$ 830, the figure rises to US$ 908 when excluding those who won't • spend anything or when limited to U.S. Christmas shoppers. Americans Average Spending On Christmas (US$), 2000 - 2015 Source: Gallup, Renub Research Analysis

  9. Americans Average Spending On Christmas Based on Households Income • Christmas spending intentions vary greatly by household income. Americans living in • households earning US$ 75,000 or more per year plan to spend an average of US$ • 1,227 on Christmas gifts this season. This drops to US$ 786 among middle-income • earners (earning between 30,000< and <75,000) and to US$ 460 among those • earning less than US$ 30,000. Americans Average Spending On Christmas Based on Households Income (US$), 2000 - 2015 Source: Gallup, Renub Research Analysis

  10. United States Biggest Apparel Companies and Their Annual Revenue • The apparel industry rakes in a massive amount of • revenue each year. Nike is the most successful and • recognizable sports brand in the world. Nike • generated revenue worth US$ 30.6 Billion • around four times more than its nearest • competitor Ralph Lauren which generated annual • revenue worth US$ 7.6 Billion. • Old Navy is currently doing better than its • parent brand, the Gap. It has lower prices and • tends to stay on brand, targeting the right • consumers with affordable styles. Old Navy • generated revenue worth US$ 6.6 while Gap • generated annual revenue worth US$ 6.2 Billion. • Levi's jeans have seen resurgence in recent years. • More customers are embracing basics and drifting • back to classic styles from one of the most famous • jean retailers in the world. Levi’s Strauss & Co. • annual revenue reached US$ 4.8 Billion followed by • Michael Kors with revenue worth US$ 4.4 Billion. United States - Apparel Companies Annual Revenue (Billion US$) Source: Businessinsider

  11. United States Clothing Market – Online Vs Offline • The United States offline clothing market was worth US$ 133.6 Billion in 2013 • and the market is estimated to tumble down to US$ 128.3 Billion in 2015, On the • other hand Online clothing market has shown continuous growth from US$ 44.9 • Billion in 2013 to an estimated US$ 60 Billion in 2015. United States Clothing Market – Online Vs Offline Market (Billion US$), 2013 – 2015 Source: Statista.com, Renub Research Analysis Note: The online clothing sales include apparel and accessories retail e-commerce market.

  12. United States Clothing Market – Online Vs Offline • The increase in online clothing landscape is attributed to the growing penetration of • Smartphone and Tablets. Consumers prefer online channels more than the retail store • because of convenience like lots of option, no travelling, option to compare, search for • the best deals and many other benefits. • The clothing category’s gains are attributed primarily to retailers’ improved methods for • displaying products online, as well as policies that make online purchasing of apparel, in • particular, less of a guessing game.  The Internet is very important platform for retailers, • especially since consumers are increasingly Web-savvy and have access virtually • anywhere. Customers are taking their fashion decisions on the Internet. • The Internet is very important platform for retailers, especially since consumers are • increasingly Web-savvy and have access virtually anywhere. Customers are taking their • fashion decisions on the Internet, conducting more transactions online and relying on • online sources to inform their in-store purchases. • Retailers continue to increase the scale of their ecommerce operations, particularly by • investing in online sales platforms that display products and convert shoppers more • effectively; apparel sales have benefitted more than any other category.

  13. Consumer Goods & Retail Title:Consumer Goods & Retail Market Research Reports For More Details: http://www.renub.com/consumer-goods-and-retail-27-c.php

  14. About Us • Renub Research is a leading Market Research and Information Analysis Company with centers at Noida India and Roswell USA. We have long–term experience especially in international Business–to–Business Researches, Surveys, Business and Consulting. Throughout the years we have acquired expertise in most market sectors, including Information Technology (IT), Telecoms, Life Sciences, Medical & Pharmaceuticals, Financial Services (Banking, Insurance, Reinsurance, M&A, etc.), Energy, Chemicals, Automotive, Retail, FMCG, Consumer Goods, Logistics, Governmental, Social, and Others. • Our core team is comprised of an experienced people holding graduate, post graduate and Ph.D. degrees in Finance, Marketing, Human Resource, Bio–Technology, Medicine, Information Technology, Environmental Science and many more. Our research help make the business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra–competitive markets. • For more information on us or to view any of our sample work you can mail us at info@renub.com

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