Apparel Retail: Adapting To The New E-Commerce Reality
After COVID-19, clothing retail will never be the same. The industry is facing one of its most aggressive transformations driven by the stinging growth in online sales, and is now poised to devise its own strategies to keep up with the soaring e-commerce trend. Q2 2021 hedge fund letters, conferences and more From data analysis and cost reduction to omnichanneling, how is the apparel industry adapting to the new reality, and what are the strategies they are implementing to succeed? Online shopping soaringAccording to statistics, the apparel market in the U.S. was valued at roughly $368 billion...