A look at some key statistics on the online fashion market…
Global Fashion Ecommerce Market
According to Statista, the global fashion ecommerce market will be worth $481 billion in 2018, rising to $713bn by 2022.
Fashion Sales by Device
Fashion sites are the most effective when it comes to converting mobile traffic into sales.
Mobile accounts for 65.4% of traffic to online fashion retailers and 57.1% of sales, much higher than the overall retail average.
Most Popular US Fashion Websites
Amazon, not best-known for fashion, is the most popular destination for buying clothing online, according to a survey by Internet Retailer.
Fashion and SEO
According to the PI Datametrics UK Fashion Market Performance report, Next has the highest search ‘share of voice’ overall for the two highest value keywords.
Boohoo.com group (Boohoo and PrettyLittleThing) owns 14.8% of the entire fashion sector in terms of search visibility.
Frequency of Online and Offline Fashion Purchases
According to Internet Retailer, 14.9% of US consumers say they never buy clothing online, compared with just 6.4% who don’t buy in stores.
Devices Used For Online Clothes Shopping
The majority of under 34s in both the US and UK prefer to browse fashion sites using smartphones.
Showrooming in Fashion Retail
Overall, 36% of fashion shoppers check online prices for the product they’re viewing in store, known as ‘showrooming’.
Key Benefits of Shopping for Clothing Online
The most important motivations for buying clothes online are around choice and price, according to a survey by Rakuten.
Frustrations When Shopping for Clothing Online
Rakuten’s survey found that concerns around fit are the biggest problems for online fashion shoppers.
Cart Abandonment in Fashion
Thanks to a relatively simple decision making and purchase process, fashion sites enjoy the lowest abandonment rates of the five sectors we monitor.
At 69.1%, abandonment on fashion sites is well below the average of 75.6%.
Why People Abandon Clothing Purchases
People abandon online fashion purchases for a variety of reasons.
Concerns about product quality, fit and appearance figure strongly, which underlines the challenges fashion retailers face in replicating the key features of in-store shopping, the ability to see products close up, and find the best fit.