In America, during 2020, retail sales at
clothing, shoes and accessories specialty stores in the U.S.
billion, according to the Bureau of the Census.
In addition, Plunkett Research estimates that 80% ($88.2 billion) of
sales at department stores, as well as 60% ($30.6 billion) of sales at sporting
goods stores were for apparel and shoes.
Assuming that 25% ($221.0 billion) of the goods sold via e-commerce in
America consist of apparel, shoes and accessories, this would put the total
retail and online clothing, shoes and accessories market in America at $501.3
While Asia, particularly China, has enjoyed a
dominant position in shoes, apparel and household textiles manufacturing for
several years, makers of these items located in developed nations such as the
and Canada have suffered a long period of decline.
For example, roughly 98% of the shoes sold in
America each year are imports, and the majority of these imports come from
To consumers in Europe and North
America, this growing reliance on Asia as a low-cost producer has meant very
low retail prices for goods of reasonable quality.
However, recent increases in the cost of doing
business in China have put Chinese manufacturers in a much less favorable
Competition from manufacturing
based in very low-cost nations in Africa, as well as Vietnam, Indonesia, Sri
Lanka, Mauritius, Malaysia, Cambodia, Bangladesh, Pakistan, the Philippines and
elsewhere, is intense, and a large portion of apparel manufacturing formerly
done in China