Daily Newsletter

16 November 2023

Daily Newsletter

16 November 2023

What hurdles will fashion sourcing execs have to overcome in 2024?

President and CEO of the American Apparel & Footwear Association (AAFA), Steve Lamar addresses the main issues at the top of mind for fashion brand and retailer sourcing executives over the next year.

Laura Husband November 16 2023

AAFA’s Lamar says: “There’s a lot of headwinds regardless of whether you’re looking at the US economy or anywhere else – inflation, interest and inventory woes all continue to create challenging economic environments.” Credit: Shutterstock.

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Clothing and footwear ranked among the top 3 sectors by global ecommerce transactions in 2022

Per GlobalData estimates, food and drink, clothing and footwear, and accommodation were the top three sectors by global ecommerce transactions in 2022. Clothing and footwear accounted for 11% of ecommerce transactions in 2022. While consumers may wish to try on clothing and footwear items to ensure a good fit, enhanced technology that offers sizing recommendations and hassle-free returns services has made them more comfortable shopping for these goods online, accounting for the sector’s high share of transactions.

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