Impact of Coronavirus (COVID-19) on the Global Apparel Industry

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This report provides an overview on the impact of Covid-19 on Global Apparel Market, key retailers and shopping behaviours which include year-on-year growth of the apparel market globally, top ten apprel markets and top 10 worst hit markets globally etc..

GlobalData forecasts that COVID-19 will wipe US$297bn from the global apparel market in 2020 – a 15.2% decline on 2019. The 10 worst impacted markets, in terms of value, will represent 85.0% of this total loss, with mature markets suffering the hardest – the US will account for 42% of all lost spend, which will contribute to yet more major retail chains filing for Chapter 11.

Scope

– Brands can gain consumer trust by engaging with them and adopting safety measures

– Consumers are increasingly receptive to how the world is changing around them

– Consumers exhibit extreme concerns over the global economic situation

– Preferences for credit card payments have gradually increased throughout the past 10 weeks

– Appeal of contactless convenient payments suggest e-commerce will continue to become entrenched consumer behavior

– Apparel retailers must leverage technology to offer store like shopping experience on websites to encourage customers to shop online

Reasons to Buy

– Gain a comprehensive view of the Apparel market and forecasts to 2024

– Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of Covid-19 on the apparel market

– Investigate current and forecast trends in Apparel to identify the opportunities offering the most potential

– Understand who the main competitors are in the market and their price positioning

Wal-Mart
Amazon
JD.Com
Nike. Inc
ABF
Primark
Macy’s
The Gap Inc
Target Corp.
Fast Retailing
H&M
Inditex
Kohl’s Corp
Ross Stores
Nordstrom
LVMH
Kering
JC Penney
The TJX Companies
Zalando
Adidas

Table of Contents

Table of Contents

Overview

Key Conclusions

COVID-19 Impact on Apparel Industry

Global apparel expenditure year-on-year growth

Top 10 apparel markets 2019 & 2023

Top 10 worst hit apparel markets

Apparel market growth (%) in local currency

COVID-19 Impact on Shopping Behavior

Sector Analysis

Apparel impact assessment

Apparel sub-sector impact

Apparel value chain impact

Apparel mitigation strategies

Apparel COVID-19 thematic score

Trends

Covid-19 Impact on Key Apparel Retailers

Case Studies

Appendix

Frequently asked questions

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