1、499September 2023RXSFS23RPGlobal FashionRetailXIn partnership with:20232|RetailX|September 2023RXSFS23RP 2023 GLOBAL FASHION REPORT 2023|INTRODUCTIONThe global online fashion sector turned over$863bn in 2022,accounting for around a fifth of the worlds ecommerce.Despite being down on 2021s peak of$90

2、1bn,the sector is significantly ahead of its pre-pandemic level of$590bn and early reports from 2023 suggest that there are even signs of growth.Heres what we discovered:KEY FINDINGS The decline in global fashion ecommerce revenue is global,with the most turbulence in Africa,which saw the highest gr

3、owth(59%)in 2020 and the sharpest fall(-10.8%)in 2022.High inflation and energy prices plus increasing wage costs have eroded profitability for fashion manufacturers,brands and retailers,while a high cost-of-living has dampened consumer spending.Online,apparel outsells accessories by nearly two to o

4、ne and footwear almost four to one.Womens clothing accounts for 50%of these apparel sales.Asia has by far the most online fashion shoppers(1.4bn),the majority from China,and more than the total of all other regions combined.However,they spend the least per person.At 60%,South Korea sees the highest

5、uptake of fashion ecommerce of anywhere in the world.However,China,with a lower usage rate,has such a large population that it contributes the most to IntroductionContentsMarket context 03Regional analysis 07Market segments 12Fashion consumers:Behaviour 17Fashion consumers:Channels 20Fashion consume

6、rs:Sustainability 23Fashion consumers:Transatlantic focus 26Partner Perspective 37Largest 100 39Company Profile:Asos 41Company Profile:Charlotte Russe 42Company Profile:Converse 43Company Profile:Footlocker 44Company Profile:Gap 45Company Profile:M&S 46Company Profile:Shein 47Company Profile:YOOX 48