Fashion has become the largest revenue-generating segment in the e-commerce industry, with $871.2 billion in sales, according to the company. politician.
E-commerce will total $3.59 trillion in 2020, with sales of fashion items accounting for nearly a quarter (24%) of revenues earned from online shopping, and electronics accounting for $767.5 billion (21%). occupies.
Electronics was the most profitable sector for online retailers, but sales in this category fell 17% year-over-year from $923.2 billion in 2021, while fashion fell just 2% ($892.4 billion). .
However, revenues from e-commerce declined last year after experiencing significant growth during the height of Covid-19, making 2022 the industry’s first year of contraction, but is expected to recover in 2023. It is expected.
Fashion continues to be the top value-creating category and is projected to grow even faster than the electronics segment in the coming years.
The fashion segment’s share is projected to remain stable at 23.4% from 2017 to 2025, although it is expected to decline from 28.1% in 2017 to just 20.5% in 2025.
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