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Maybe you don't know what the size of the clothing market is because it isn't $40-60B. If you just look at ecommerce for clothing: The global fashion ecommerce
by spullara 5y ago
Maybe you don't know what the size of the clothing market is because it isn't $40-60B. If you just look at ecommerce for clothing:
The global fashion ecommerce industry was expected to decline from $531.25 billion in 2019 to $485.62 billion in 2020. The negative compound annual growth rate (CAGR) of -8.59% is largely due to the coronavirus pandemic. However, the market is set to recover and hit $672.71 billion by 2023
The general clothing market is even bigger, obviously:
In 2019, global retail sales of apparel and footwear reached 1.9 trillion U.S. dollars, and were expected to rise to above three trillion U.S. dollars by 2030.