Paper 3 Clothing Industry goodies

Question 1

What is the returns rate for online sales

Answer 1

35%

Question 2

What 2 countries have the highest clothing spend per capita

Answer 2

UK and US

Question 3

What 2 countries have the biggest clothing markets

Answer 3

USA & China (C relatively low spend per capita )

Question 4

What is the highest and lowest country clothing market growth rates

Answer 4

China = 250% (nearly overtaking US size)
Japan = -26%

Question 5

What is the main global retailer offline

Answer 5

Inditex conglomérate (owns Bershka, Zara, Pull & Bear, etc )

Question 6

What is the main global retailers online

Answer 6

Shein, JD, Walmart, Nike, Temu

Question 7

What is the global market size

Answer 7

$1500 billion (40% being online)

Question 8

What is the forecast growth rate

Answer 8

2.5%
(But 8.5% for e commerce)

Question 9

Influencer fact

Answer 9

65% of consumers rely less on fashion influencers than previous years

Question 10

How much more profit can retailers get online

Answer 10

50% higher profit margins (according to Next figures)

Question 11

Recent inorganic takeover in clothing

Answer 11

Next takeover Fatface