Key EMARKETER stat: US ecommerce resale volume will hit $80.60 billion this year, a growth of 3.4% YoY, per our December 2023 forecast. Beyond the chart: Ecommerce resale volume is returning to growth after a 6.9% dip YoY in 2022 and a 2.5% one in 2023, per eMarketer forecast. But it still hasn’t returned to its pandemic high of $85.87 billion in 2021. Growth in the number of online fashion buyers has slowed, leading platforms to search for strategies to boost order values by offering luxury goods and courting wealthy shoppers. #ecommerce #resale #retailsales
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UK Fashion eCommerce Market Trends and Insights 2024-2031 The UK fashion eCommerce market is expected to grow significantly from 2024 to 2031, driven by increasing online shopping habits and a shift towards digital channels. Key statistics: * The market is projected to reach $43.8 billion by 2031 * Online fashion sales are expected to account for 30% of total fashion sales by 2025 * Mobile commerce is driving growth, with 70% of online fashion sales made on mobile devices Stay ahead of the curve and adapt to changing consumer behaviors with Purple Cow Services. Get in touch to learn more about our eCommerce solutions. #MUB #PCIS #PurpleCowServices #PurpleCow #eCommerce #Fashion #MarketResearch #DigitalMarketing #UKMarket #FashionTrends #eCommerceGrowth #MarketInsights #BusinessStatistics #Forecast #2031
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UK Fashion eCommerce Market Trends and Insights 2024-2031 The UK fashion eCommerce market is expected to grow significantly from 2024 to 2031, driven by increasing online shopping habits and a shift towards digital channels. Key statistics: * The market is projected to reach $43.8 billion by 2031 * Online fashion sales are expected to account for 30% of total fashion sales by 2025 * Mobile commerce is driving growth, with 70% of online fashion sales made on mobile devices Stay ahead of the curve and adapt to changing consumer behaviors with Purple Cow Services. Get in touch to learn more about our eCommerce solutions. #MUB #PCIS #PurpleCowServices #PurpleCow #eCommerce #Fashion #MarketResearch #DigitalMarketing #UKMarket #FashionTrends #eCommerceGrowth #MarketInsights #BusinessStatistics #Forecast #2031
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U.S. Fashion eCommerce Market Size to Reach $248.07 Bn by 2030 with a CAGR of 12.6% The U.S. fashion eCommerce market is growing rapidly, with a projected size of $248.07 billion by 2030. This growth is driven by increasing consumer demand for online shopping and the expansion of fashion retailers into the digital space. Amazon, Walmart, Ebay, Macys, Gap, and Nike are leading players in the market, offering a wide range of fashion products to consumers. Purple Cow Services can help your fashion brand thrive in this competitive market. Contact us to learn more about our eCommerce solutions. #FashionEcommerce #eCommerceGrowth #DigitalMarketing #PurpleCowServices #MUB #PCIS #PurpleCow
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When it comes to online buying, free delivery is a game changer—it's one of the main elements that influences consumers' decisions to buy. In addition to improving the shopping experience, providing free shipping on purchases above a particular threshold may encourage buyers to add more products to their carts in order to meet the minimum order value. A fashion brand, for example, could experience a significant spike in average order size by providing free shipping on orders over $50, which encourages shoppers to explore more of the brand's collection. Don't underestimate the power of free shipping; it could be the key to elevating your sales! #FreeShipping #OnlineShopping #Ecommerce #SalesStrategy #CustomerExperience
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U.S. Fashion eCommerce Market Size to Reach $248.07 Bn by 2030 with a CAGR of 12.6% The U.S. fashion eCommerce market is growing rapidly, with a projected size of $248.07 billion by 2030. This growth is driven by increasing consumer demand for online shopping and the expansion of fashion retailers into the digital space. Amazon, Walmart, Ebay, Macys, Gap, and Nike are leading players in the market, offering a wide range of fashion products to consumers. Purple Cow Services can help your fashion brand thrive in this competitive market. Contact us to learn more about our eCommerce solutions. #FashionEcommerce #eCommerceGrowth #DigitalMarketing #PurpleCowServices #MUB #PCIS #PurpleCow
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The journey into e-commerce can be daunting, but the potential is undeniable. With online secondhand shoppers' annual spend set to soar to $788 by 2025, the opportunity for new entrants in the resale market is significant. If you're considering taking your secondhand store online, there's no better time than now to tap into this growing trend. What steps has your organization taken to shift towards online buying trends? https://lnkd.in/ezvsTD-f #EcommerceGrowth #ResaleRevolution
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Why do fashion and accessories brands see some of the highest rates of eCommerce returns? 🤔 A few reasons: shoppers can’t try on items before buying, sizing isn’t uniform across the industry, and behaviors like bracketing and wardrobing result in higher returns rates. We looked at the data for 1,400 merchants using AfterShip. Those who offered a streamlined returns process and flexible options reduced return times and recaptured more revenue. In fact, fashion brands that enabled “exchanges for any item in the store” saw an average of nearly 11% in increased upsell revenue. See more of our findings here: https://lnkd.in/eE5W-Sxj #returns #ecommerce #fashionindustry #onlineshopping
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Recommerce Boom 💥 - 🌍 Recommerce surged to $109B in 2024, a 20.8% increase. - 🛍️ It represents 12.6% of Europe’s online GMV, up from 5.7% in 2020. - ♻️ Fashion & beauty recommerce to grow to 6.9% penetration by 2025. - 💡 85% of consumers actively buy or sell secondhand goods. ~~~ ✍️Is recommerce becoming your first shopping choice? ♻️ Reshare if this resonates with you. 💌 Subscribe to MarketMaze for more insights. Link in bio. #Vinted #Recommerce #Sustainability #CBCommerce #Secondhand
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It's the dynamic movement in this chart that makes me realize the significant e-commerce revenue growth from 2019. And it's set to keep growing until 2029! Almost all market segments are expected to grow over the next five years, with the Fashion segment predicted to reach $1.18 trillion in revenue by the end of this decade! #ecommerce #growth #dhl
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Nothing beats the convenience of shopping from your armchair. Skipping the crowds is a big advantage in most cases, especially if you already know the product you’re buying. But what if you buy something for the first time and would actually need to try it before making up your mind? Despite the challenges, online trade in fashion is booming. We at globaleyez GmbH take a look for you at some of the most popular online fashion marketplaces in the world today! https://lnkd.in/e_8jw3Hj #ecommerce #marketplaces #ipprotection
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