Daily Newsletter

17 June 2024

Daily Newsletter

17 June 2024

In data: Shein, Temu attract US shoppers with low prices, fast trends

A new survey suggests global and Chinese marketplaces such as Temu and Shein have become “go-to destinations” for US shoppers with GlobalData explaining consumers are being drawn to their inexpensive product offering and fast reaction to trends.

Isatou Ndure June 17 2024

The survey conducted by Omnisend shows 70% of Americans have shopped at Chinese and global marketplaces in the last year. Credit: Shutterstock.

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Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies.

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Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies.

Buy report

Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies.

Buy report

Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies.

Buy report

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