Press Release
Press Release
The surge of e-commerce platforms, along with the availability of diverse apparel and clothing items on online stores is aiding the expansion of the South Korea clothes market. According to the International Trade Administration (ITA), South Korea’s domestic online purchases reached USD 180.4 billion in 2022, up by 7.06% compared to the last year, amounting to USD 168.5 billion in 2021. The most popular products purchased from domestic online retailers in 2022 were home appliances and electronics (14.6%), food and beverage (13.6%), food services (12.6%), clothing (9.0%), household items (8.3%), cosmetics (5.0%), and travel and transportation services (8.8%). User-friendly platforms, quick ordering, discounts, and swift delivery are encouraging consumers to shop for clothing and apparels from online stores.
Further, many international brands are showing interest in the South Korean market with the rising influence of Western culture and fast fashion. For instance, in August 2023, Lululemon Athletica Inc., entered South Korea's live commerce market through SSG.COM's platform, suggesting a shift from its direct-to-customer (D2C) sales strategy. The company aims to broaden its customer base and mitigate seasonal sales fluctuations through ventures into golf and tennis apparel.
In September 2023, CJ ENM, a South Korean entertainment and e-commerce company, launched the domestic fashion brand Barneys New York through an exclusive license agreement with Authentic Brands Group. The fall/winter collection features elegant designs focusing on outerwear, and a limited-edition line commemorating Barneys New York's 100th anniversary.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the South Korea clothes market are 87MM Inc., UNIQLO Co., Ltd., Acme de la vie Co., Ltd., Charms Co., Ltd, and Ader Error, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Material |
|
Breakup by Application |
|
Breakup by End Use |
|
Breakup by Distribution Channels |
|
Market Dynamics |
|
Trade Data Analysis |
|
Competitive Landscape |
|
Companies Covered |
|
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.