Department Stores’ Fashion Share in NA Projected at Just 13% in 2024 – Sourcing Journal

In 2003, department stores in North America commanded 47 percent of apparel, footwear and accessory sales. By 2024, they are set to account for just 13 percent, half of their current market share, according to a UBS research note from analyst Jay Sole. The Great Recession’s arrival in 2008 began speeding up a channel shift…

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