Current Magazine

Online Fashion Shopping: Europe Surpassing US

Posted on the 11 February 2011 by @bonsoni

Online fashion shopping is in, and when two of the major fashion names unveiled online sites recently, Western european clothing retail industry hit its pace - and elevated the standard for U.S. competitors like Abercrombie & Fitch Co and Victoria's Secret parent Limited Brands Inc.

Spain's Inditex, which overtaken U.S.giant Gap Inc as the world's largest garments dealer by revenue recently, unveiled shopping on the web for their flagship Zara brand in September. Sweden's Hennes & Mauritz also established online presence.

Online fashion shopping: Europe surpassing US
Online buying in Europe is estimated to increase 18 % to in excess of 200 billion Euros this current year, well in front of the near-11 % growth, to $192 billion,forecastedfor the United States, as reported by Kelkoo, an internet site which compares online pricing.

"2011 will find online sales reaching a tremendous share of retail trade in most Countries in europe, with 7 cents in every euro being used on the internet generally," Kelkoo CEO Richard Stables stated during a release last month.

This might be not so good news for many U.S. outlets. U.S. niche stores focusing on 15-to-35-year-olds will probably be most affected, said Marshal Cohen, chief analyst at NPD Group.

"You need to be aware that the cake isn't becoming larger and larger. The greater pieces you place into the cake, the greater the competition," he stated.

Abercrombie & Fitch and Victoria's Secret, each of which possess a powerful cachet abroad, will probably be amongst those to have the competing risk, particularly if newcomers selling price much more competently and dispatch quicker.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Self-Transcendence 3100 Mile Race 2017 – Daily Updates – Day 4 – Alan Young

    Self-Transcendence 3100 Mile Race 2017 Daily Updates Alan Young

    Self-Transcendence 3100 Mile Race 2017 - Daily Updates - Day 4 ?Ray K was my houseguest as we were not required for "security " duties. ?About 1 am we reached... Read more

    The 22 June 2017 by   Abichal
  • Summer Festival Preview: Tanglewood

    Summer Festival Preview: Tanglewood

    Another summer under the trees offers gods, rainbows and Mahler. by Paul J. Pelkonen The Koussevitsky Concert Shed at Tanglewood, guarded by a really big... Read more

    The 22 June 2017 by   Superconductor
  • What is The Death Gate and What Happens When It Opens

    What Death Gate Happens When Opens

    A mystery artist has created a puzzle to be solved in the form of The Deathgate... and it opens on 30 June. It's counting down right now! It may not seem obviou... Read more

    The 22 June 2017 by   Tomatrax
  • Reasons Why the UK is Better Than Ohio

    Reasons Better Than Ohio

    Well, I just felt like listing a few of the things that make the UK better than Ohio. The UK is twice as big as Ohio (242,900 versus 116,096 sq. Read more

    The 22 June 2017 by   Ravenswingthog
  • A Sense Of Possession In The Industry

    One of the things that I love about music is the sense of possession you get out of it. The fact that you can have a record that is your favorite record of all... Read more

    The 22 June 2017 by   Indiemusicpromo
  • Calling All Meat Lovers: Windy City RibFest Returns to Uptown

    Calling Meat Lovers: Windy City RibFest Returns Uptown

    Windy City RibFest in Uptown will be back again this year to dazzle your taste buds with melt-in-your-mouth slabs of meat and saucy concoctions. Read more

    The 22 June 2017 by   Urbanmatter Chicago
  • Tinted Glasses

    Tinted Glasses

    To enhance a casual look, tinted glasses are perfect to jazz up your look. This inspired look from the 70s has traced the surface yet again to give a comeback b... Read more

    The 22 June 2017 by   Chayanikarabha