Report by yStats.com foresees further expansion of online clothing sales in Asia-Pacific region
The research team at Germany-based E-Commerce intelligence firm yStats.com has released a new publication describing the development of online retail sales of apparel in the Asia-Pacific region
The clothing category is one of the top online products sold throughout the region. About half of all online shoppers there purchased apparel last year, according to the yStats.com report. Fashion items were the number one category bought by online shoppers in China, second in South Korea and third in Japan. Various countries in the region have seen double-digit year-to-year growth rates in online sales of apparel. For example, India had over 50% growth in 2015, and within a few years is expected to surpass Japan to take second place in online purchases of clothing in the region.
The yStats.com report mentions cross-border online shopping as an influential trend in the Asia-Pacific region, especially in Australia, where more men’s clothing is purchased over the Internet from outside the country than domestically. This trend encourages competition in the vibrant online clothing sales market with regional companies Fast Retailing, VIP.com, Jabong, Myntra and others competing with the global retail E-Commerce giants such as Amazon.
For further information, see: https://www.ystats.com/...
yStats.com GmbH & Co. KG
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
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