LONDON, July 7, 2022 (GLOBE NEWSWIRE) — The E-commerce in clothing – Thematic research GlobalData Plc report shows how e-commerce can be integrated into the clothing value chain. The report will guide businesses and recommend whether they should invest, ignore or investigate specific aspects of e-commerce.
Global online clothing sales were estimated at $425 billion in 2020. As consumer spending shifts from brick-and-mortar stores to online channels, e-commerce remains the fastest growing segment of retail. In addition, COVID-19 has led to an unprecedented number of high street closures and a decline in visitor numbers, leaving shoppers with little choice but to purchase items online.
Highlights of Ecommerce Thematic Intelligence
- E-commerce is the fastest growing channel for clothing sales
- E-commerce disrupts global clothing retail
- COVID-19 has accelerated e-commerce adoption
- Major challenges lie ahead
Ecommerce Value Chain
- Customer Interface
- order management
- Transaction processing
- After sales service:
E-commerce websites facilitate the online transaction of goods and services by transferring information and funds over a network. There are several e-commerce websites for each field, including online retailers, auction websites, and business-to-business services. The increased ownership of smartphones and the need to improve the customer experience have led e-commerce companies to offer both a website and an app. The popularity of mobile devices is driving ecommerce companies to focus on mobile apps, although using an app-only format is no guarantee of success.
key Technology Trends To influence the E-commerce Industry
- The Rise of the Internet Super Monopoly
- Mobile advertising
- social trade
- Computer vision
- machine learning
- Virtual reality (VR) and augmented reality (AR)
- Conversation platforms
- New delivery options
Key macroeconomic trends impacting e-commerce Industry
- Generation Hashtag
- Online to Offline (O2O)
Key Regulatory Trends Affecting Ecommerce Industry
- Fintech Regulations
- tax evasion
- Data Privacy
Leading Retailers Associated with the E-commerce Theme
- VIP shop
- Next one
Amazon pioneered e-commerce, starting out in 1994 as an online bookstore, before quickly expanding into related areas such as fashion, music, consumer electronics, games, and toys. The company’s main strengths are its breadth of offerings, which span most major product categories, its delivery capabilities and its use of technology. Amazon uses AI, including machine learning, conversational platforms, and image recognition, to improve customer interactions, manage deliveries, and enhance search engine capabilities. Amazon is investing heavily in its delivery capability to meet customer demand for same-day and next-day delivery options and will likely be the first retailer to offer large-scale delivery via drones and autonomous vehicles.
E-commerce Sector Scorecards
At GlobalData, we use a scorecard approach to forecast tomorrow’s leading companies in every industry. Our industry scorecards have three screens:
- Thematic screen† Our thematic screen ranks companies by overall leadership in the 10 themes most important to their industry, generating a leading indicator of future performance.
- Vreview screen† Our valuation screen ranks our universe of companies within an industry based on selected valuation metrics.
- Risk screen† Our risk screen ranks companies within a particular industry based on overall investment risk.
- Mergers and acquisitions in the clothing industry by top theme in Q1 2022 – Thematic research – click here
- E-commerce in retail – Thematic research – click here
- Ecommerce Sector Scorecard Q1 2021 Update – Thematic Review – click here
- Clothing Top 10 Themes for 2022 – Thematic Research – click here
- Online clothing market 2020-2025 – click here
E-commerce ThemSurvey report overview
|Market size 2020||$425 billion|
|Key technology trends||The Rise of the Internet Super monopoly, robotics, mobile commerce, social commerce, 5G, computer vision, machine learning, virtual reality (VR) and augmented reality (AR), conversation platforms, blockchain and new delivery options|
|Main macroeconomic trends||COVID-19, M&A, India, Generation Hashtag, China and online to offline (O2O)|
|Key Regulatory Trends||Fintech Regulations, Tax Avoidance and Data Privacy|
|Key value chains||Customer Interface, Order Management, Transaction Processing, Fulfillment and After-Sales Service Management|
|Leading Retailers||Amazon, Macy’s, Walmart, Alibaba, JD.com, Vipshop, ASOS, H&M, Next, Zalando, Jumia, MercadoLibre and Rakuten|
Frequently Asked Questions
What wais the global e†commercial market size in clothes industry in 2020†
Global online clothing sales were estimated at $425 billion in 2020.
What are the keys? technology trends to influence the e-cdetour theme in the clothes industry†
The main technological trends influencing the theme of e-commerce in the clothing industry are the emergence of the internet super monopoly, robotics, mobile commerce, social commerce, 5G, computer vision, machine learning, virtual reality (VR) and augmented reality ( AR), conversation platforms, blockchain and new delivery options.
What are the key macroeconomic trends impacting e-commerce? theme in the clothes industry†
The main macroeconomic trends affecting the e-commerce theme in the apparel industry are COVID-19, M&A, India, generation hashtag, China, and online to offline (O2O).
What are the keys? regulatory trends impacting e-commerce theme in the clothes industry†
The main regulatory trends impacting the e-commerce theme in the apparel industry are fintech regulation, tax avoidance and data privacy.
What are the? key value chains in the e†trade theme?
The main value chains in the e-commerce theme are customer interface, order management, transaction processing, fulfillment and after-sales service management.
Whoich are the leading retailers associated with the e†trade theme?
The leading retailers associated with the e-commerce theme include Amazon, Macy’s, Walmart, Alibaba, JD.com, Vipshop, ASOS, H&M, Next, Zalando, Jumia, MercadoLibre and Rakuten.
Mergers & Acquisitions
Our thematic research methodology
GlobalData is a leading provider of data, analytics and insights in the world’s largest industries. In an increasingly rapidly changing, complex and uncertain world, it has never been more difficult for organizations and decision-makers to predict and navigate the future. That’s why GlobalData’s mission is to help our customers decipher the future and benefit from faster, more informed decisions. As a leading information services company, thousands of customers rely on GlobalData for reliable, timely and actionable information. Our solutions are designed to give professionals within companies, financial institutions, professional services and government agencies a day-to-day edge.
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