Apparel accessories are often purchased as a supplement or add-on when buying clothes in a physical store or, to a slightly lesser degree, via e-commerce. This tendency is predicted to continue to limit volume and value sales, especially in light of the macroeconomic turmoil at the end of the review period.
E-commerce is set to continue to account for the majority of retail value sales growth in apparel accessories (and apparel and footwear in general) over the forecast period. E-commerce has tended to hold a relatively high retail value share in apparel accessories, as consumers do not feel as strong a need to try on such products to ensure the right size or look.
The luxury or high-end segment in apparel accessories, with brands like Gucci, Burberry, Louis Vuitton, Mulberry and Hermès, is expected to continue to perform well in the forecast period. The segment developed in the review period, with more luxury stores, primarily in Oslo, opening because of higher consumer interest in luxury and high-end items.
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Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See All of Our DefinitionsThis report originates from Passport, our Apparel Accessories research and analysis database.
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