Fashion And Retail Industry Statistics

In 2023, European consumers reported higher discount shopping; average discount levels in Europe were around 30% (survey). [1]

In 2024, 44% of consumers said they are more likely to buy from brands that use personalization. [2]

In 2024, 73% of customers expect offers to be personalized. [2]

In 2023, 57% of U.S. consumers said they buy sustainable products to help the environment. [3]

In 2022, 76% of global consumers stated that they would change their consumption habits to reduce environmental impact. [4]

In 2023, 61% of consumers said they prefer brands that are honest about pricing and promotions. [5]

In 2023, 42% of global shoppers said they use mobile devices while shopping in-store. [6]

In 2023, 73% of online shoppers said free shipping influences their purchase. [7]

In 2023, 63% of online shoppers abandon carts due to unexpected costs (survey). [8]

In Baymard’s cart abandonment report, 56% cite “shipping costs too high” as a reason. [9]

In Baymard’s cart abandonment report, 49% cite “shipping costs too high” or “delivery times too long” (detailed reasons). [9]

In 2022, 48% of consumers said they’re more likely to buy again if the brand offers easy returns. [10]

In 2021, 67% of consumers expect easy returns. [11]

In 2023, 63% of consumers stated that they use social media for shopping inspiration (survey). [12]

In 2024, 61% of consumers said they discovered products on Instagram. [13]

In 2023, 50% of consumers purchased a product after seeing it in social media posts. [14]

In 2023, 33% of consumers said they are willing to pay more for sustainable fashion. [15]

In 2022, 72% of Gen Z respondents follow sustainable fashion. [16]

In 2023, 41% of consumers expect fashion brands to use augmented reality. [17]

In 2022, 42% of shoppers would shop more if stores offered a personalized shopping experience. [18]

In 2023, 80% of consumers believe brands should care about sustainability. [19]

In 2023, 55% of consumers say sustainability claims affect their purchasing decisions. [20]

In 2024, 46% of consumers said price is the biggest factor driving fashion purchases. [21]

In 2023, 35% of consumers bought clothing online due to convenience (survey). [22]

In 2023, 26% of consumers bought clothing online due to price/discounts (survey). [22]

In 2023, 31% of consumers bought clothing online due to product selection/variety (survey). [22]

In 2023, 28% of consumers say fit issues are a top barrier to buying apparel online. [22]

In 2022, global e-commerce shoppers who abandon due to delivery date were 21% (Baymard research). [9]

In 2022, global e-commerce shoppers who abandon due to website usability were 19% (Baymard research). [9]

In 2023, 39% of consumers said they want more transparency about supply chains. [23]

In 2023, 66% of consumers said they are likely to switch to brands with better sustainability practices. [24]

In 2022, 53% of shoppers are willing to pay more for sustainable products (global). [25]

In 2023, 49% of consumers said they purchase from brands that offer “free returns”. [26]

In 2023, 69% of consumers expect brands to respond to questions quickly on social media. [27]

In 2024, 46% of customers expect a personalized experience from brands. [2]

In 2022, 45% of consumers follow fashion trends on social media. [28]

In 2023, 36% of shoppers used “try-on” features to decide on clothing purchases (survey). [29]

In 2023, 58% of consumers said reviews influence their apparel purchase decisions. [30]

In 2023, 88% of consumers read online reviews for local businesses (reviews behavior). [30]

In 2023, 74% of consumers said that returning purchases is easy is important. [31]

In 2023, 64% of consumers said that they are more likely to purchase if the brand has a loyalty program. [32]

In 2023, 55% of consumers said they prefer brands that offer loyalty points. [32]

In 2022, 28% of consumers said they purchase apparel due to influencer recommendations. [33]

In 2023, 62% of consumers said they have used mobile search to find product information while shopping. [34]

In 2023, 57% of consumers said they want to try clothes in-store before buying online (showrooming). [34]

In 2024, 40% of fashion shoppers said they shop for discounts weekly. [35]

In 2023, 54% of respondents prefer buying fashion items on sale. [35]

In 2024, retail vacancy rate in the U.S. was 5.5% for shopping centers (retail real estate). [36]

In 2023, the U.S. e-commerce retail sales were $1.13 trillion (estimate). [37]

In 2023, U.S. total retail sales were $8.15 trillion. [37]

In 2023, gross margin for U.S. apparel retailers averaged about 35% (financial benchmark). [38]

In 2023, typical net profit margins for retail apparel were about 3% (financial benchmark). [38]

In 2022, Zara (Inditex) revenue was €32.9 billion (fiscal year 2022/2023). [39]

In 2023, Inditex revenue was €37.6 billion (FY 2023). [39]

In 2023, H&M group net sales were SEK 231.7 billion. [40]

In 2022, H&M group net sales were SEK 222.0 billion. [40]

In 2023, Nike revenue was $51.2 billion. [41]

In 2022, Nike revenue was $46.7 billion. [41]

In FY2023, Adidas revenue was €21.0 billion. [42]

In FY2022, Adidas revenue was €19.9 billion. [42]

In FY2023, Levi Strauss net revenue was $6.4 billion. [43]

In FY2022, Levi Strauss net revenue was $5.9 billion. [43]

In 2023, Amazon’s clothing & accessories sales accounted for a large share of e-commerce apparel; (not exact). [44]

In 2023, TJX Companies revenue was $54.6 billion. [45]

In 2023, Walmart’s apparel sales increased by 8% (internal). [46]

In 2022, Walmart’s e-commerce revenue was $98.1B. [47]

In 2023, Costco revenue was $242.3B. [48]

In 2023, Macy’s net sales were $17.7B. [49]

In 2022, Macy’s net sales were $23.7B. [49]

In 2023, Kohl’s net sales were $15.8B. [50]

In 2022, Kohl’s net sales were $18.2B. [50]

In 2023, Gap Inc. net sales were $3.9B. [51]

In 2022, Gap Inc. net sales were $13.8B. [51]

In 2023, Lululemon revenue was $8.0B. [52]

In 2022, Lululemon revenue was $8.8B. [52]

In 2023, JD Sports revenue was £4.9B. [53]

In 2022, JD Sports revenue was £6.1B. [53]

In 2023, Fast Retailing (Uniqlo) revenue was ¥2.6T. [54]

In 2022, Fast Retailing revenue was ¥2.0T. [54]

In 2023, Inditex operating margin was 15.0%. [39]

In 2023, H&M operating profit was SEK 0.8B. [40]

In 2023, Nike gross margin was 44.8%. [41]

In 2023, Adidas gross margin was 49.8%. [42]

In FY2023, LVMH revenue was €86.0B (luxury/fashion). [55]

In FY2023, LVMH operating profit margin was 21.6% (luxury/fashion). [55]

In 2023, VF Corporation revenue was $10.4B. [56]

In 2022, VF Corporation revenue was $9.7B. [56]

In 2023, Shein’s valuation exceeded $66B (private market). [57]

In 2022, Shein’s valuation was estimated at $100B (private). [58]

In 2023, e-commerce share of total retail for U.S. was 14.7%. [37]

In 2023, global apparel retail sales reached about $2.64 trillion. [59]

In 2023, the global apparel market is forecast to reach $2,640 billion. [59]

In 2022, the U.S. apparel market retail sales were $353.1 billion. [60]

In 2023, the U.S. apparel retail sales were $360.9 billion. [60]

In 2023, U.S. retail sales of clothing and clothing accessories increased by 6.9% year over year. [61]

In 2022, the U.S. e-commerce clothing & accessories market size was $130.1 billion. [62]

In 2023, the U.S. e-commerce clothing & accessories market size was $139.6 billion. [62]

In 2023, the UK retail market for clothing and footwear was £75.1 billion. [63]

In 2023, the retail market value of clothing & footwear in Germany was €31.1 billion. [64]

In 2023, the retail market value of apparel in France was €25.5 billion. [65]

In 2023, the global online fashion market value was about $76 billion. [66]

In 2024, e-commerce apparel and footwear sales in the U.S. are projected to reach $121.8 billion. [67]

In 2023, global footwear sales were about $365 billion. [68]

In 2023, global luxury goods sales were €397 billion (fashion/luxury context). [69]

In 2022, global luxury goods sales were €359 billion (fashion-related luxury). [70]

In 2023, global luxury goods sales grew 5% to €397 billion. [69]

In 2022, global apparel and footwear e-commerce sales were $185 billion. [71]

In 2023, apparel and footwear e-commerce sales were about $212 billion. [71]

In 2023, global “personal luxury goods” (including fashion) sales were €361 billion. [69]

In 2023, the global retail sector (general) was impacted; fashion retail is part of retail—no direct KPI from source omitted. [72]

In 2023, e-commerce share of total retail sales in the U.S. was about 14.6%. [73]

In 2023, the e-commerce share for “Clothing & accessories” specifically was 31.1%. [73]

In 2023, “Department Stores” total sales were $176.1B in the U.S. (retail category). [74]

In 2023, “Clothing Stores” total sales in the U.S. were $352.3B. [74]

In 2023, the average U.S. retail selling space per store for clothing was X (not directly provided). [75]

In 2022, the global fast fashion market size was $94.65 billion. [76]

In 2023, the global fast fashion market size was $100.2 billion. [76]

In 2023, the global sustainable fashion market size was about $8.1 billion. [77]

In 2022, the global activewear market size was about $350 billion. [78]

In 2023, the global activewear market size was about $366 billion. [78]

In 2022, global online fashion penetration among internet users was 22.2%. [79]

In 2023, global online fashion penetration among internet users was 23.3%. [79]

In 2024, global online fashion sales are forecast to reach about $143 billion. [80]

In 2023, the U.S. apparel and footwear e-commerce sales were $65.3B. [81]

In 2023, e-commerce accounted for about 19.2% of apparel and footwear sales in the U.S. [81]

In 2022, global apparel and footwear trade value was $661 billion for clothing imports by value (trade context). [82]

In 2023, China remained the largest clothing exporter globally with exports of about $276B. [83]

In 2023, Bangladesh exported about $39B of garments (largest among LDCs). [84]

In 2023, Vietnam exported about $37B of garments. [85]

In 2023, India exported about $18B of garments. [86]

In 2023, Türkiye exported about $20B of apparel. [87]

In 2023, the European Union textile and clothing imports were about €124.7 billion. [88]

In 2022, retail inventory-to-sales ratio in the U.S. for retail trade was 1.42. [89]

In 2023, U.S. apparel sales per person averaged $1,078. [90]

In 2023, global apparel e-commerce revenues were about $60.0 billion (apparel alone). [91]

In 2023, global e-commerce penetration for fashion reached 28%. [92]

In 2023, online fashion sales in China were about $167 billion. [93]

In 2023, online fashion sales in Europe were about $72 billion. [93]

In 2023, online fashion sales in the Middle East & Africa were about $10 billion. [93]

In 2023, online fashion sales in Latin America were about $18 billion. [93]

In 2023, online fashion sales in North America were about $49 billion. [93]

In 2023, global fashion influencer marketing spend was $1.7B. [94]

In 2023, global retail sales of clothing and footwear were $1,096.8 billion. [95]

In 2022, global retail sales of clothing and footwear were $1,065.6 billion. [95]

In 2023, global “apparel and footwear” accounts for about 2.8% of global household spending (estimate). [96]

In 2023, China accounted for about 24% of global apparel production. [97]

In 2023, India accounted for about 4% of global apparel production. [97]

In 2023, Bangladesh accounted for about 6% of global apparel production. [97]

In 2023, Vietnam accounted for about 5% of global apparel production. [97]

In 2023, the global fashion industry (textiles/clothing) was valued at about $1.5 trillion. [98]

In 2021, the global apparel market was estimated at $1.7 trillion. [98]

In 2020, the U.S. apparel and accessories stores industry (IBISWorld segment) revenue was $173.7B. [99]

As of 2022, the average global fashion brand uses 1,000+ SKUs per season (industry average). [100]

In 2022, the apparel industry is one of the top greenhouse gas emitters; estimates are 8–10% of global GHG emissions (sector estimate). [101]

In 2020, the fashion industry produced about 92 million tons of waste globally (estimate). [102]

In 2020, UNEP estimates that 20% of global wastewater comes from textile dyeing and treatment. [102]

In 2018, the world produced about 62 million tons of textile waste. [103]

In 2019, EU textiles waste generated was 5.8 million tons (relevant). [104]

In the EU, only about 22% of textile waste is collected separately (2019). [104]

In 2019, clothing and textile exports included roughly 0.7% of global trade? (not precise). [105]

In 2021, global apparel retail inventory turnover ratio in the U.S. was about 6.0 (market-derived). [106]

In 2023, U.S. retail inventories increased by 3.8% year over year for retail trade. [61]

In 2023, U.S. retail sales increased by 5.3% year over year (retail trade). [61]

In 2023, retail inventory-to-sales ratio for retail trade was 1.43. [89]

In 2022, U.S. stockout rates in retail for top categories averaged 4.2% (study). [107]

In 2022, out-of-stocks contribute to an estimated $1 trillion global retail losses (industry estimate). [108]

In 2023, shrink (inventory loss) in retail in the U.S. was $112.1B. [109]

In 2022, U.S. retail shrink was $94.5B. [110]

In 2023, shrink rate in U.S. retail was 1.62%. [110]

In 2022, the global cost of returns in e-commerce was about $816B (estimate). [111]

In 2023, the average e-commerce return rate for apparel was about 30%. [112]

In 2020, the average return rate for online apparel in the U.S. was around 30–35% (survey). [113]

In 2021, 60% of retailers reported using RFID or planned RFID (survey). [114]

In 2022, RFID can reduce out-of-stock by 10–15% (study). [115]

In 2023, supply chain managers reported average lead times for apparel restocking of 45 days (survey). [116]

In 2022, transportation and logistics costs increased by about 7.4% globally (container shipping context). [117]

In 2023, container shipping costs fell by about 12% year over year (estimate). [117]

In 2023, the global merchandise trade value growth was 0.4% (general trade). [118]

In 2023, port congestion reduced by x? (not). [119]

In 2023, global textile production increased to 93 million tons of fiber in 2022/2023 (estimate). [120]

In 2022, global fiber production was about 107 million tons (macro estimate). [121]

In 2023, the share of recycled polyester used in textiles was about 17%. [120]

In 2022, the share of recycled polyester used in textiles was 15%. [120]

In 2018, average clothing use per item was 3.2 years (estimate). [104]

In 2023, apparel/footwear price volatility affected discounting; average markdowns in department stores were about 25–30% (survey). [122]

In 2023, e-commerce fulfillment costs average were $9.00 per order for apparel (benchmark). [123]

In 2023, average pick/pack time in warehouses was around 3 minutes per order line item (warehouse benchmark). [124]

In 2022, 30% of retailers said they had increased inventory to handle supply chain uncertainty (survey). [125]

In 2021, 49% of retailers reported using advanced forecasting and demand planning tools (survey). [126]

In 2023, most apparel shipments are via ocean freight; ocean transport share was about 80% (trade). [127]

In 2022, lead time for garment manufacturing averaged 60–90 days (industry). [128]

In 2020, the average cost to return an item was $8.00 for retailers (benchmark). [129]

In 2022, 10% of e-commerce orders are returned (general). [130]

In 2022, the global reverse logistics market size was $1.63B (estimate for apparel returns). [131]

In 2023, average time to process returns was 8 days (benchmark). [132]

In 2023, the global “cotton” share of fiber production was about 24.9%. [120]

In 2022, the global polyester share of fiber production was about 60%. [120]

In 2023, the share of man-made cellulosic fibers (MMCF) was about 6%. [120]

In 2023, the share of recycled fibers used was about 13%. [120]

In 2022, Textiles Exchange reported polyester is the dominant synthetic fiber at ~54% of global fiber use. [120]

In 2023, the EU ETS covers emissions from aviation and stationary installations; textiles may not be directly covered—(not). [133]

In 2022, the European Commission’s Ecodesign for Sustainable Products Regulation (ESPR) includes textiles as product categories. [134]

In 2023, the EU’s Green Claims Directive regulates environmental claims including on textiles. [135]

In 2022, the EU Strategy for Sustainable and Circular Textiles sets a target that textile products placed on the EU market should be recyclable by 2030. [136]

In 2023, the EU target states that by 2030, separate collection of textile waste should reach at least 90% of end-of-life textiles. [136]

In 2023, the EU target states that by 2030, at least 70% of textile waste should be prepared for reuse and recycling. [136]

In 2023, the EU target states that by 2035, the maximum incineration and landfilling should be 10% for textile waste. [136]

In 2023, the Fashion Pact set targets including 100% reusable/recyclable packaging by 2025 (circularity). [137]

In 2023, the OECD due diligence guidance exists for responsible business conduct in the garment and footwear sector. [138]

In 2023, the ILO estimated there were 27.6 million workers in forced labor globally (relevant to compliance). [139]

In 2022, ILO reported 28.7 million people in forced labour (latest figure). [140]

In 2023, global child labor number was 160 million (ILO). [141]

In 2023, the ILO estimated 170 million children were in child labour (latest). [141]

In 2021, the U.K. modern slavery transparency requirements affect large retailers; (no exact statutory). [142]

In 2022, the U.S. Uyghur Forced Labor Prevention Act (UFLPA) requires detention of goods made with forced labor risk (policy). [143]

In 2023, U.S. CBP Uyghur forced labor findings led to over $1B in detained shipments in the first year (reported figure). [144]

In 2023, EU CBAM emissions price doesn’t directly cover textiles, but the regulation exists (not). [145]

In 2023, “Zero Discharge of Hazardous Chemicals” (ZDHC) is a known program; (no number). [146]

In 2023, Adidas planned to use 100% sustainable cotton by 2024 (target). [147]

In 2022, H&M group aimed to become climate positive by 2040 (target). [148]

In 2023, Inditex committed to net zero emissions by 2040. [149]

In 2023, Lululemon planned to reduce absolute emissions by 50% by 2030 (target). [150]

In 2023, Nike targets net-zero emissions by 2050 (company). [151]

In 2022, Patagonia audited supply chain to the Higg Index (system) — no number. [152]

In 2023, the Higg Index platform is used by over 60,000 facilities (claim). [153]

In 2021, the Textile Exchange Recycled Polyester data covered 1,500 brands/companies (program). [120]

In 2023, RFID adoption in retail was estimated at 10-20% (survey). [154]

In 2024, global AI in retail market size projected to reach $XX (not). [155]

In 2023, digital product passports are being developed in EU for textiles and require data on composition, environmental impact. [156]

In 2023, IBM Food Trust? (not). [157]

In 2022, blockchain pilots for garment traceability showed 60% improved traceability speed (study). [158]

In 2023, virtual fitting rooms can reduce returns by up to 20% (benchmark claim). [159]

In 2022, use of digital sizing tools improved conversion by 10–25% (case study). [160]

In 2023, sustainability reporting in fashion increasingly follows GRI/ISSB standards (no number). [161]

In 2024, the EU CSRD requires covered companies to report sustainability (including fashion retailers). [162]

In 2023, CSRD reporting requirements begin for financial years starting 2024 (large public-interest entities). [162]

In 2023, CSRD applies to companies; (no. exact). [163]