Trends Report

Survival Of The Best Fit: Fashion Market Sheds Department Stores, Small Retailers

Sector Spotlight: US Fashion

April 25th, 2018
Sucharita Kodali, VP, Principal Analyst
Sucharita Kodali VP, Principal Analyst
With contributors:
Fiona Swerdlow , Meredith McCreight , Cheryl Hart , Sam Wolken

Summary

Empowered shoppers have pulled the rug out from under the second-largest retail subcategory, fashion, which comprises clothing, accessories, and footwear. Pure plays and wholesale brands are surging, while small retailers struggle to maintain their market share. Falling prices are central to retailers' struggles as fashion occupies a shrinking slice of US household budgets.

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