Online Apparel Footwear and Accessories Market Share, Size, Analysis and Forecast

Technavio Announces the Publication of its Research Report – Online Apparel, Footwear, And Accessories Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the online apparel, footwear, and accessories market in the US: Amazon, Gap, JC Penney, Macy's, Sears Holdings, and Walmart.

Other Prominent Vendors in the market are: Academy Sports + Outdoors, Amway Global, ATG Stores, Backcountry, Best Buy, Blue Nile, Cabela's, Costco, CustomInk, Daniel Smith, Eastern Mountain Sports, e-Bay, Factory Green, Groupon, Ideel, Kroger, and Target.
Commenting on the report, an analyst from Technavio’s team said: “Growth of m-commerce will be a key trend for market growth. To take advantage of a rise in shopping through mobile devices, most online retailers have launched mobile versions of their shopping portals. Amazon and eBay, two key vendors in the online space, have introduced mobile applications compatible with iOS, Windows, Android, Blackberry, and other operating systems, allowing users to shop conveniently using their mobile devices. In addition, as consumers slowly become comfortable with electronic cash, the use of mobile wallets is expected to grow in the future.”

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According to the report, one of the key drivers for market growth will be increase in online spending. A rise in smartphone use has also contributed to online retail growth. As of May 2015, more than 78% of the US population used smartphones. This smartphone penetration presents significant growth opportunities for apparel e-retailers in the US. The e-retailers and the apparel, footwear, and accessories marketers are building their mobile apps to provide the convenience to consumers to purchase those products using digital gadgets such as smartphones and tablets.
Further, the report states that increase in product...