The apparel and footwear industry continues to experience significant shifts driven by changing consumer behavior, digital innovation, and a focus on sustainability. As the global market expands, businesses must adapt to stay competitive. Statista predicts the Compound Annual Growth Rate (CAGR) of the eCommerce fashion (apparel and footwear) industry to reach 14.2% by 2025, with global valuations reaching new heights. To thrive in this dynamic landscape, fashion businesses need to embrace innovative ecommerce strategies that align with evolving market trends and consumer expectations.
In the last years, the sales of the footwear and apparel industry have catapulted, hitting the $180.5 billion mark in the US alone. Now, Statista predicts this number to grow the fashion market worldwide, which is projected to grow by 7.65% (2025-2029), resulting in a market volume of US$1183.00bn in 2029.
Interestingly there are four notable opportunities for businesses here.
- Businesses can expand into the global markets outside the West
- Retailers can increase online sales due to increased online access of consumers through smartphones
- Businesses can rely on the emerging worldwide middle classes who have ample disposable income
- The power of influencer and celebrity culture is more than ever, and it could be harnessed to increase sales.
While the above points offer commendable growth opportunities for fashion and apparel businesses, here are some retail eCommerce trends that retail industry can work into their long-term fashion and apparel sales strategy.
- Personalization
- Data-driven decision making
- Mobile first shopping experience
- Metaverse
- Omnichannel integration
- Paid ads building brands
- Sustainability
- Social commerce
Personalization
Personalization in retail is one of the best sales-boosting strategies businesses can adopt in 2025. It revolves around convincing customers to buy by providing them with a customized online shopping experience. It is done by showing products a customer was previously interested in and retargeting them based on their latest activity on your eCommerce website. Powered by Big Data and Artificial Intelligence, it could also mean addressing each website or application visitor by name and giving them a discount on their frequently visited product. Opportunities to personalize the buying experience are endless.
Keep reading: What is personalization in digital marketing for eCommerce retailers?