Apparel, Accessories & Footwear Market Monitor Winter 2020
Making the right decisions for your business starts with having the most accurate and current information available. Moss Adam's Apparel, Accessories & Footwear Market Monitor keeps you up to date on the events, trends, and market forces that shape and guide your industry.
Winter 2020 Highlights
• US holiday retail sales ended 2019 with a 3.4% year-over-year (YOY) increase, driven by ongoing strong consumer confidence and low unemployment.
• Cyber Monday spending reached $12 million per minute during peak hours, ending with a record $9.4 billion in sales.
• Consumer confidence in December 2019 surged to its highest level since October 2000, demonstrating how optimistic consumers are feeling amid cooling US trade tensions with China, record stock prices, and the lowest unemployment rate in approximately 50 years.
• Off-priced brands have pushed to open more locations as consumers’ preferences shift toward lower-priced options. Other apparel retailers continue to offset closures by opening new stores in attractive markets.