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.

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

In 2020, the food service industry in the United States took a huge hit due to the coronavirus (COVID-19) pandemic. According to the source, in 2020, the retail sales of the food service industry was forecasted to reach *** billion U.S. dollars (nominal dollars). This shows a *** billion U.S. dollars decline when compared to the previous year.

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.

During the peak of the coronavirus (COVID-19) crisis (March-April 2020) when many countries worldwide introduced lockdown measures, e-commerce share in total retail sales saw proportions that were not seen before. In the United Kingdom, where an already mature e-commerce market exists, e-commerce share saw as high as **** percent, before stabilizing in the subsequent periods. In the most current period (as of January 31, 2021), United Kingdom, United States and Canada were the leading countries where e-commerce had a higher share as a proportion of total retail, at **, **, and ** percent, respectively.

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...

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 pandemic has caused massive shocks to the global economy and dampened previously projected growth scenarios worldwide. According to a recent study, clothing and footwear retail was predicted to suffer a **** percent decline annually in 2020. However, with the diminishing of the impact of the pandemic, in 2021 the sector is forecast to grow by **** percent. In total terms, the retail industry is expected to grow by *** percent, as opposed to the *** percent decline in 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

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.

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

Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 51 to 75 Percent data was reported at 0.000 % in 11 Aug 2021. This stayed constant from the previous number of 0.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 51 to 75 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 0.000 % in 11 Aug 2021 and a record low of 0.000 % in 11 Aug 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 51 to 75 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).

Snapshot img

The online retail market share in the US is expected to increase to USD 460.13 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.64%.

The report extensively covers online retail market in the US segmentation by the following:

Product - Apparel, footwear, and accessories, consumer electronics and electricals, food and grocery, home furniture and furnishing, and others
Device - Smartphones and tablets and PCs

The US online retail market report offers information on several market vendors, including Amazon.com Inc., Apple Inc., Best Buy Co. Inc., Costco Wholesale Corp., eBay Inc., Kroger Co., Target Corp., The Home Depot Inc., Walmart Inc., and Wayfair Inc. among others.

This online retail market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Online Retail Market Size in the US be During the Forecast Period?

Download the Free Report Sample to Unlock the Online Retail Market Size in the US for the Forecast Period and Other Important Statistics

Online Retail Market in the US: Key Drivers, Trends, and Challenges

The growing seasonal and holiday sales is notably driving the online retail market growth in the US, although factors such as transportation and logistics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online retail industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key US Online Retail Market Driver

The growing seasonal and holiday sales is one of the key drivers supporting the US online retail market growth. For instance, from November 1 to December 24, e-commerce sales in the US increased by 11% in 2021, when compared to a massive 47.2% growth in the holiday season of 2020. E-commerce sales made up 20.9 % of total retail sales in the holiday season of 2021, slightly higher than 20.6 percent in 2020. Thanksgiving, Black Friday, and Cyber Monday are the days that see a high amount of online shopping. Apparel, footwear and accessories, consumer electronics, computer hardware, and toys are the largest gaining product categories during the holiday season. Consumers in the US spent $204.5 billion online in November and December 2021, up 8.6% over the same period in 2020. Such exciting sales and offers are driving the market growth.

Key US Online Retail Market Trend

Omni-channel retailing is one of the key US online retail market trends fueling the market growth. It is rapidly becoming the norm for many retailers in the US. It offers consumers the option to shop online and pick up the merchandise from the store nearest to their location on the same day. Retailers are observing a high web influence on their in-store sales. For instance, Best Buy is integrating its offline and online stores to boost revenues. As a part of its omnichannel strategy, the retailer is utilizing physical stores as distribution centers for online purchases. According to Best Buy, 40% of its online shoppers prefer picking up their purchases from physical stores. Best Buy also challenges online and discount retailers with its match-to-price strategy, claiming to offer gadgets at or below the price offered by competitors. Such strategies are expected to boost market growth during the forecast period.

Key US Online Retail Market Challenge

Transportation and logistics are some of the factors hindering the US online retail market growth. Product procurement or sourcing, shipment of ordered items, and delivery to customers are the three major processes where the intervention of transportation and logistics come into the picture. All these processes require a high investment of both time and money, which challenges the efficiency and effectiveness of retailers and their costing strategies. The higher cost incurred from transportation and logistics reduces the margin of retailers, and most of the time, retailers are unable to break even. Between rising fuel prices, driver shortages, as well as a governmental and societal push for increased digitization and sustainability, transport and logistics will continue to be under a lot of pressure. Such factors will negatively impact the market growth during the forecast period.

This online retail market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Online Retail Market Vendors in the US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, includi

Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Increased: 21 to 30 Percent data was reported at 0.000 % in 11 Aug 2021. This stayed constant from the previous number of 0.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Increased: 21 to 30 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 5.000 % in 13 Jan 2021 and a record low of 0.000 % in 11 Aug 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Increased: 21 to 30 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).

Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Increased: 1 to 10 Percent data was reported at 17.000 % in 11 Aug 2021. This records a decrease from the previous number of 43.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Increased: 1 to 10 Percent data is updated daily, averaging 53.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 62.000 % in 10 Feb 2021 and a record low of 17.000 % in 11 Aug 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Increased: 1 to 10 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).

Monthly average visits to textile and clothing stores in Great Britain, as indexed over January 2020, fluctuated in 2020. Coinciding with the first national lockdown, footfall had a significant and steep decrease in the first half of the year, dropping to an all-time low of 63.91 in June 2020. Between July 2020 and October 2020, monthly visits gradually increased and reached to an index value of 75.51 in October 2020, before decreasing again and dropping to 66.73 in January 2021.

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

Demand for supermarkets and grocery stores spiked during the pandemic, with operators benefiting from higher disposable incomes.

1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study

   2 RESEARCH METHODOLOGY

   3 EXECUTIVE SUMMARY

   4 MARKET DYNAMICS
   4.1 Market Drivers
   4.1.1 Rise in Duty-Free Retailing Stores with Technology Integration will accelerate market growth
   4.1.2 Rise in Foreign Tourists to Boost the Market Growth
   4.2 Market Restraints
   4.2.1 Convenience and Variety of Online Shopping as more and more Customers Purchase Online
   4.2.2 Usage of Unsustainable Goods for Storage Affecting Market Growth
   4.3 Market Opportunities
   4.3.1 Increased Digitalization To Boost the Demand for Duty Free Products
   4.4 Porter's Five Forces Analysis
   4.4.1 Bargaining Power of Suppliers
   4.4.2 Bargaining Power of Buyers/Consumers
   4.4.3 Threat of New Entrants
   4.4.4 Threat of Substitute Products
   4.4.5 Intensity of Competitive Rivalry
   4.5 Impact of COVID-19 on the market

   5 MARKET SEGMENTATION
   5.1 By Product Type
   5.1.1 Fashion and Accessories
   5.1.2 Jewellery and Watches
   5.1.3 Wine and Spirits
   5.1.4 Food and Confectionery
   5.1.5 Fragrances and Cosmetics
   5.1.6 Tobacco
   5.1.7 Other Product Types
   5.2 By Distribution Channel
   5.2.1 Airports
   5.2.2 Airlines
   5.2.3 Ferries
   5.2.4 Other Distribution Channels
   5.3 By Geography
   5.3.1 North America
   5.3.2 South America
   5.3.3 Europe
   5.3.4 Asia-Pacific
   5.3.5 Middle East & Africa

   6 COMPETITIVE LANDSCAPE
   6.1 Market Concentration Overview
   6.2 Company Profiles
   6.2.1 Dufry
   6.2.2 Lotte Duty Free
   6.2.3 Lagardere Travel Retail
   6.2.4 DFS Group
   6.2.5 The Shilla Duty Free
   6.2.6 King Power International Group
   6.2.7 China Duty Free Group
   6.2.8 Dubai Duty Free
   6.2.9 Duty Free Americas
   6.2.10 Sinsegae Duty Free
   6.2.11 WH Smith*

   7 FUTURE MARKET TRENDS

   8 DISCLAIMER AND ABOUT US

   The Global Duty Free & Travel Retail Market Report is segmented by product type and distribution channel, offering a comprehensive industry analysis. The market is a significant revenue generator for aviation, tourism, and other travel-related industries. Airports, in particular, derive a considerable portion of their income from duty-free and travel retailing. Despite challenges such as trade tensions and protectionism between countries, the market is seeing an increased demand for duty-free alcohol, spurred by diversifying consumer buying habits and rising spending among the middle-class population.<br><br>The market's growth is fueled by the rapidly expanding international tourism market and the increasing number of new air routes in Asian countries. However, global currency fluctuations could potentially hamper product demand. The market is segmented by type, with perfumes expected to dominate the global duty-free retail market share. The rising popularity of premium beauty products is also fueling demand in the cosmetics space. In terms of sales channels, airports dominate product sales worldwide.<br><br>The Asia Pacific market is anticipated to witness significant growth over the forecast period, with Europe and North America also expected to see growth. The South America and Middle East and Africa markets are likely to experience an upward trend due to rising consumer demand for premium/luxury perfumes. Duty-Free & Travel Retail market share, size, and revenue growth rate statistics provide a comprehensive market overview, including market forecast and market trends. A sample of this industry report is available as a free report PDF download.<br><br>The industry outlook remains positive, with market leaders driving the market growth. Market segmentation by product type and distribution channel offers detailed market data. The market value is projected to rise, supported by industry statistics and market predictions. Research companies provide valuable industry information and industry research, contributing to market review and market analysis. The report example highlights the importance of understanding market dynamics to capitalize on growth opportunities.

   The Global Duty Free & Travel Retail Report Covers the Following Regions: NA, North America, North American, Northern America, Northern American, SA, South America, South American, EU, Europe, European, APAC, Asia-Pacific, Asian, MEA, Middle East and Africa, Middle Eastern and African, MENA, Middle East, Middle Eastern, Africa, African, Americas, American