The Future Is Online for Apparel Retailers

The Future is Online for Apparel Retailers Euromonitor International 26 October 2011 Coming up with innovative ways to harness the huge potential of the meshwork is the biggest retail challenge facing the apparel industry everyplace the next five years. And at the core of the challenge is the pick up for a fast, efficient and hassle-free returns service. A tipping point for online apparel retailing The set of waiting in line for an available changing means to try on new attire might 1 day live a novelty rather than an ineluctable nuisance as apparel internet retailing enters a dynamic new era of return. Over the 2005-2010 period, global online gross revenue of clothing and footwear generated US$32 billion of incremental value, with compound annual growth (CAGR) running at 18%. That was four times faster than any other retail channel, according to Euromonitor International. Yet the size of online retailings incremental growth surge, robust as it was, will seem like down(p) fry over the next five years as a new wave of internet investment comes on stream. And at the root of new investment is the need to cause online apparel shopping more convenient, accessible and user-friendly.

Online distribution hubs This month, the UKs place of Fraser subdivision store chain, which is the fifth biggest in the country with slightly 61 outlets, is launching two virtual department stores in a bid to ease the difficulty factor of buying clothes over the internet. It is indicative of the type of strategic retail induction that will become increasingly visible in essential markets over the next five years as department stores, as well as specialist retailers and big mart chains, look to beef up their participation in what has become a squeezed apparel market. In the specific case of stand of Fraser, two Buy and Collect outlets (located in Aberdeen and Liverpool) will be piloted as distribution hubs for online orders. They will provide changing rooms as well as customer service... If you want to get a full essay, order it on our website: Ordercustompaper.com

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