Looking presentable is important in every aspect of life, and these days one's wardrobe is key to making a favourable impression on the world. There is something for every occasion and place- evening wear, office wear, party wear, bridal wear, festive wear, casual wear; the list is endless. Unfortunately, with the recent economic downturn, the apparel market registered a downfall in sales and this trend has not changed even during holiday seasons. The holiday season last year did not augur well for the apparel and textile sector, but hopes are high that this will change for the better this time as consumers have now started adjusting to the economic slowdown. This is already evident from the fact that the apparel market has witnessed better sales this financial year than in the previous one.
The major reason for decline in apparel sales has been the inclination of buyers towards gadgets. People's salary growth has been sluggish, and this has compelled buyers to make a choice between gadgets and clothing. But this year has been promising for apparel sales due to improved personal finances. According to Accenture's annual holiday shopping survey, the apparel market can expect at least 25 per cent consumers to spend more on shopping this year compared to only 20 per cent in 2013.
The sales and profit margins of many retail apparel brands have dipped, which has encouraged some stores to concentrate on price tags. Retail stores have chalked out a detailed plan to allure customers this holiday season by working on improving the in-store experience for shoppers and by relying on some key fashion trends this season. Faux denim in colours like gray and burgundy, shirts with social media friendly messages, and shirts and tops in plaid- these are just some of the things that will be presented to shoppers as part of this revamp. Another strategy that retailers are employing to boost apparel sales is by simultaneously offering discounts and investing in promotions. In the United States, discount offers by retail apparel stores managed to coax customers to shell out money in the last holiday season...
The major reason for decline in apparel sales has been the inclination of buyers towards gadgets. People's salary growth has been sluggish, and this has compelled buyers to make a choice between gadgets and clothing. But this year has been promising for apparel sales due to improved personal finances. According to Accenture's annual holiday shopping survey, the apparel market can expect at least 25 per cent consumers to spend more on shopping this year compared to only 20 per cent in 2013.
The sales and profit margins of many retail apparel brands have dipped, which has encouraged some stores to concentrate on price tags. Retail stores have chalked out a detailed plan to allure customers this holiday season by working on improving the in-store experience for shoppers and by relying on some key fashion trends this season. Faux denim in colours like gray and burgundy, shirts with social media friendly messages, and shirts and tops in plaid- these are just some of the things that will be presented to shoppers as part of this revamp. Another strategy that retailers are employing to boost apparel sales is by simultaneously offering discounts and investing in promotions. In the United States, discount offers by retail apparel stores managed to coax customers to shell out money in the last holiday season...