Winter Wear Market Trends, Size, Share and Analysis

Technavio Announces the Publication of its Research Report – Winter Wear Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the winter wear market in the US: Gap, Macy's, TJX, VF, Wal-Mart, Backwoods Retail, Moosejaw, Peter Glenn, Recreational Equipment, and Vestis Retail.

Other Prominent Vendors in the market are: Amazon, American Eagle Outfitters, Backcountry, Best Buy, CustomInk, Factory Green, H&M, Ideel, Inditex, J.C. Penney, Kohl's, LVMH, and LVMH.

Browse full report with TOC@ https://marketreportscenter.com/reports/349467/winter-wear-market-in-the-us-2016-2020

Commenting on the report, an analyst from Technavio’s team said: “Growth in luxury fashion will be a key trend for market growth. The US market has been a lucrative one for luxury and fashion businesses, particularly in 2014 and 2015, after the country's recovery from the economic recession of 2008-2009 and the ensuing downturns of the early 2010s. Consequently, many foreign luxury players are expanding into the US market. The total sales in the outdoor luxury outerwear industry maintained a growth at around 5.5% to 6.5% in 2015 from the previous year.

”According to the report, rise in online spending will be a key driver for market growth. In the US, the number of online transactions and the average amount of money spent per online transaction is increasing. An increase in the number of Internet users and the "buy it now" attitude of these users are contributing to the market growth. In addition, the time-saving aspects and ease of online shopping, along with the wide range of products available, are encouraging consumers to buy things online rather in a physical store. The online retail spends per user grew by 6.5% in 2014.

Further, the report states that threat from counterfeit products will be a challenge for the market. Counterfeit products affect the revenue and the brand image of original brands. According to the US government, China...