Top Trends in Fashion Business & Retail You Need to Know
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| Trend | Statistics |
|---|---|
| 1. Sustainability | According to a recent survey, 73% of consumers are willing to pay more for sustainable fashion products. |
| 2. Digital Transformation | Online sales of fashion products are expected to reach $1.5 trillion by 2023. |
| 3. Personalization | 91% of consumers are more likely to shop with brands that provide personalized offers and recommendations. |
| 4. Influencer Marketing | Brands are expected to spend $15 billion on influencer marketing by 2022. |
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Authentic source of data: Fashion United