When asked whether they had exhibited any of the following changes in shopping behavior since the coronavirus (COVID-19) pandemic started, an estimated 40 percent of consumers in the United States said they had given a different brand a try. Close to a third of U.S. shoppers had tried out a new digital shopping method.

As the new coronavirus strain Sars-Cov-2 (Covid-19) is spreading across the world at an alarming pace, the consumer market is seeing disruptions as manufacturing and production sectors slow down, particularly in countries where the disease hit the hardest. According to a study conducted with UK retailers in the food, fashion, and health and beauty categories, retailers are positive that the Covid-19 will have a negative impact on their sales. While ** percent thought the impact would be significant, a great share of respondents thought the outbreak would have a slightly negative impact on their sales, if the virus persists.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

According to a study on the projected impact of COVID-19 on retail sales in Europe, between ************* and **************, retailers are expected to face a loss of **** billion British pounds due to disruptions caused by the current outbreak. Of the three European countries in display here, Germany is expected to suffer the most with *** million British pounds lost during this time period. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

COVID-19 accelerates significant opportunities for long-term growth in electronic payments Read More

The Coronavirus (COVID-19) country report analyses how the pandemic will impact retail spend in South Korea. Read More

When asked if the lockdown caused by the coronavirus crisis had a positive impact on retail stores' online sales in late 2020, over ** percent of surveyed European countries stated that it had boosted retail store sales in the same way it had benefited pure online players on the market. About ** percent even believed the beneficial effects of the lockdown for retail stores' online sales to have been even stronger than those for pure players.

The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. Read More

Between November and December 2021, total retail sales in the United States had decreased by roughly two and a half percent. The coronavirus pandemic had caused major blows to U.S. retail when it first became a global emergency, i.e., during March and April 2020. As of January 2022, the United States had accounted for over 60 million COVID-19 cases since the beginning of the pandemic.

Which industries did COVID-19 affect the most? The COVID-19 crisis caused consumers to shift their spending focus towards necessities: in other words, people in the United States had been spending more on groceries and household supplies. Most other industries, including out-of-home entertainment, restaurants, apparel and footwear stores, saw a substantial decrease in consumer spending as a result of the virus outbreak.

Hoarding behavior among consumers Not only have consumers changed what they buy, there have also been times when shoppers would purchase larger quantities: during the first weeks of the pandemic, hoarding was very prominent among households in the United States. Over the later quarters, pantry filling and hoarding behavior fluctuated, but showed a mostly downward trend.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More

Data analysis reveals which startup sectors face the biggest COVID-19 impact, with travel & retail seeing 700+ daily layoffs. Key trends across tech industry layoffs.

In the last week of August 2021, foot traffic among shoppers in the United States was down by some 26 and a half percent when compared to the same week in 2019. Over the past couple of months, weekly footfall was still between 20 and 30 percent lower than usual, i.e., compared to before the coronavirus outbreak. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More

Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 76 to 100 Percent data was reported at 5.000 % in 11 Aug 2021. This records a decrease from the previous number of 6.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 76 to 100 Percent data is updated daily, averaging 0.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 6.000 % in 09 Jun 2021 and a record low of 0.000 % in 12 May 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 76 to 100 Percent data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S008: Business Survey: COVID-19 Effect: Turnover (Discontinued).

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More

As per Cognitive Market Research's latest published report, the Global Online Fashion Retail market size was $771.90 Billion in 2022 and it is forecasted to reach $2,755.17 Billion by 2030. Online Fashion Retail Industry's Compound Annual Growth Rate will be 17.37% from 2023 to 2030. Market Dynamics of the Online Fashion Retail Market:

Evolution in online shopping along with the emergence of technologies:

Technological advancement has become the center of life. Most devices such as smartwatches, and mobile phones with multiple accessibilities merge with digital networks. Technologies such as blockchain, and artificial intelligence have pushed online fashion businesses to be more user-friendly which can help customer to fulfill their needs. E-commerce retail platforms which are using several technologies would be able to surge their competitive advantage towards better customer experiences and customizing the products as per their requirements. Artificial Intelligence (AI) is becoming the most popular technology in the online fashion retail industry. AI has the ability to change vast and diverse data into valuable data which helps to exceed cost, speed, and time. Furthermore, Augmented Reality (AR) technology also plays a vital role which provides a real-time view and also magnified computer-generated information.

Restraining Factor:

Lack of close examination and frauds in online shopping:

Many customers want to feel and touch the product in order to identify product quality. Thus, most of the customers prefer to purchase from window shops to touch-feel-try the products which may lead to hinder the market growth to some extent. In addition, the products shown in the pictures are sometimes misleading. The size, colour, and appearance are not images with electronic images. In addition, many people prefer to visit physical stores for examining the product though it consumes time. Further, the online payment mode is not much safe while doing payment transactions. Therefore, retailers and e-marketers are paying attention to finding out a solution to this issue.

However, the emergence of new technologies, good discounts, availability of different brands, time-saving processes, a wide range of products, and safer payment transactions are expected to surge the market growth during the forecast period.

Current Trends on Online Fashion Retail:

Development of new applications in online fashion retail platforms:

Increasing penetration of smartphones and the emergence of new technologies followed by the development of different applications have gained traction in the online fashion retail market. Solutions like Mobile body scanning technology are having a lucrative impact on the online fashion retail market size and shape. In addition, a solution like Mobile Tailor which allows customers to take body measurements remotely and contactless by using just two photos of them enables businesses to expand their reach. Furthermore, YourFit solution also helps shoppers to find out matching online shoppers in order to overcome size issues. Thus, the development of new applications in the fashion world is projected to expand the market growth in the future.

Impact of the COVID-19 pandemic on the Online Fashion Retail Market:

The outbreak of Covid-19 has significant impact on the global fashion retail market. As governments of several nations announced lockdown and social distancing regulations, the market has faced several damages during the Covid-19 pandemic. However, there are some positive impacts such as the emergence of new technologies i.e. ewallet, 360-degree videos, three-dimensional product view, and trying on clothes with augmented reality has gained traction during a pandemic. The online fashion market has gained traction among young consumers during the outbreak of COVID-19. UK-based eCommerce company BooHoo has reported that during the lockdown their sales has increased by 45% in May 2020.

As the online fashion retail industry is growing, fashion businesses need to adapt to changing circumstances. Due to the high competition in the sector, online fashion businesses have to implement new intelligent solutions which are going to recommend the right product to the right customer in real time. Introduction of Online Fashion Retail:

In the past decade, increasing usage of the internet has given new momentum to the online fashion retail market. Rising demand for designer dress...

During the ********** period between ******** and *****, 2020, the share of consumers who completely stopped shopping in person in physical stores increased dramatically, going from * percent in ********, to approximately ** percent by *****, 2020. According to the results of Coronavirus Consumer Tracker conducted by Internet Retailing, a similar change was also observed in the share of consumers who reduced going to physical stores for shopping. As of *****, 2020, about ** percent of UK shoppers said due to the coronavirus, they reduced shopping in physical stores.

For further information about the coronavirus (COVID-19) pandemic in the United Kingdom (UK) and elsewhere in the world, please visit our dedicated Facts and Figures page.

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More

The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More

Sweden Business Survey: COVID-19 Effect: SO: Trade: Retail: Response Rate data was reported at 43.000 % in 11 Aug 2021. This stayed constant from the previous number of 43.000 % for 15 Jul 2021. Sweden Business Survey: COVID-19 Effect: SO: Trade: Retail: Response Rate data is updated daily, averaging 46.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 57.000 % in 12 Aug 2020 and a record low of 25.000 % in 29 Jul 2020. Sweden Business Survey: COVID-19 Effect: SO: Trade: Retail: Response Rate data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S009: Business Survey: COVID-19 Effect: Seizing Operations (Discontinued).