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Asia is dominating this phase, holding 54% of the global footwear market (compared to just 14.8% for Europe and North America, respectively). When asked about performance over the previous 12 months, 62% of respondents said wholesale income increased the most, even in comparison with direct sales. Brands see wholesale as a significant business part transferring forward Fashion & Online Shop too, with 80% predicting wholesale income will go up over the following yr. It’s no surprise 53% of manufacturers are investing in tools that permit them to sell wherever. Over 50% of grownup buyers use BOPIS, with 67% adding further items to their carts once they can pick them up instantly.
Repair-focused startups like The Restory have raised hundreds of thousands to date as interest in sustainable fashion and resale boosts demand to extend the life of clothes. Brands investing in brick-and-mortar retail embody Canadian fashion model SMYTHE, which opened its store in Toronto. After years of experimenting with pop-up outlets, Gymshark additionally opened its first everlasting flagship store in central London.
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