Garment sales in the USA increased US $ 198 billion during the year 2021, as per the latest US Census Bureau data. The data reflects 47% Y-o-Y growth in 2021 over 2020 and 1.50% growth over 2019.
The last quarter of the year remained the most profitable for the US-based apparel retailers as they clocked US $ 58.40 billion in October-December ’21 period as compared with US $ 47.10 billion and US $ 58 billion, respectively, in the same periods of 2020 and 2019.
It was predicted that the holiday season in 2021 was going to be a ‘sales bonanza’ period for the US retailers as consumers decided to spend on clothing and accessories almost after two years of market sluggishness and the data is evident of the same.
As far as the online sale of clothing and accessories is concerned, the USA registered a marginal growth of 2 per cent over 2020 in Q3 after a decline of 1% in Q2 of 2021, while the data for Q4 is yet to come! Overall, 8 per cent growth was reported in 2021 over 2020 for the first three quarters.
