DUBLIN, June 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Online Fashion Retail Market in US 2016-2020" report to their offering.
The online fashion retail market in the US is forecast to grow at a CAGR of 14.21% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Social networks are expected to form an essential part of the online retail evolution in the future, as users spend more than 25% of their total time online on social networking websites such as Facebook and Twitter. Social media will soon be a key marketing channel for online retailers to connect with current customers as well as attract new customers to their sites.
According to the report, the rise in smartphone use has contributed to online retail growth in the fashion segment. This smartphone penetration presents significant growth opportunities for e-retailers in the US. With the increase in popularity of shopping through mobile devices, retail sales through these devices are likely to grow.
Further, the report states that the majority of the population is still reluctant to purchase merchandise online without physically examining it. This lack of the touch element has been one of the factors working against online retail, and continues to inhibit the growth of the market.
- ATG Stores.com
- Academy Sports + Outdoors
- Best Buy
- Eastern Mountain Sports
- Factory Green
- J.C. Penney
- L Brands
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: US profile
PART 06: Market landscape
PART 07: Market segmentation by product
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: About the Author
For more information visit http://www.researchandmarkets.com/research/9zbktf/online_fashion
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SOURCE Research and Markets