U.S. Fast Fashion Market Size to Surpass US$ 59.85 Billion by 2030 | Exhibiting a CAGR of 5.5% [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
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Source: Yahoo! Finance
Key players in the U.S. market offer affordable apparel and accessories quickly after high-end designers debut new collections to maximize sales. Burlingame, Feb. 20, 2024 (GLOBE NEWSWIRE) -- CoherentMI published a report, titled, U.S. Fast Fashion Market was valued at US$ 41.15 Billion in the year 2023 , and is anticipated to reach US$ 59.85 Billion by 2030 , with growing at a CAGR of 5.5% during the forecast period 2023-2030. Market Dynamics: The U.S. fast fashion market is driven by two major factors. Firstly, the expansion of online retail channels has significantly contributed to the growth of the market. With the increasing penetration of smartphones and internet services, consumers are increasingly inclined towards online shopping for clothing and accessories. Online retail platforms provide a wide range of options, competitive pricing, and the convenience of doorstep delivery, which has attracted a large customer base. Additionally, the COVID-19 pandemic further accelera
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