What a Trump Presidency Could Mean for Online Apparel

With the dust still settling on one of the biggest shocks in U.S. political history, many inside fashion are starting to think deeply about what a Trump presidency could mean for online apparel sales and the industry as a whole.

As pundits found out to their cost during the election itself, it’s notoriously difficult to predict which approach Trump will eventually settle on in any given situation. The President-elect has, however, more or less set his stall out on a host of issues at this stage, and we can at least start filling in some of the blanks around what to expect post-Inauguration.

Let’s start with the good news. Continue reading “What a Trump Presidency Could Mean for Online Apparel”

With Britain Braced for Brexit, What Next for UK Fashion?

Even in a year of shocks and surprises worldwide, the British public’s vote to narrowly back Brexit stands out as one of the biggest. For anyone in the U.K. involved in selling apparel online or off, it’s a decision that’s going to have enormous implications for at least the next decade.

Thanks to the peculiarities of mechanisms such as Article 50, however, what some of those implications might actually be is very much still up in the air. Both industry leaders and the general public are looking at a minimum of two years before we have a full picture of what shape a British exit from the European Union will actually assume.

Fit Analytics is a company with strong European roots, and we’re proud to help a host of major British brands and retailers solve sizing and boost their bottom lines. Naturally enough, we’ve been keeping a pretty close eye on Brexit-related events throughout the year! Continue reading “With Britain Braced for Brexit, What Next for UK Fashion?”

5 Key Takeaways From comScore’s Q3 State of the U.S. Online Retail Economy Report

As a data-driven company, we’re always on the lookout for online retail reports which can help shine a light on wider e-commerce trends for both ourselves and partners throughout the year. Though the amount of industry research and analysis out there has never been greater, it’s not always easy finding sources of info you can trust.

One publisher whose output we find ourselves returning to time and again is comScore. The US media giant pumps out a stream of region-specific online retail data throughout the year, and is always worth turning to for wider context on online spend.

As we face into the holiday season in earnest, comScore’s ongoing series of quarterly reports into the U.S. online retail economy is a particularly useful data source to have available. In this piece, we’ll pick through their recently published Q3 report to highlight five key points that should be of interest to anyone working in online apparel. Continue reading “5 Key Takeaways From comScore’s Q3 State of the U.S. Online Retail Economy Report”

Is Hype Around Black Friday and Cyber Monday Blinding You to the Bigger Seasonal Spending Picture?

As everyone within the industry is painfully aware, two days matter substantially more than most when it comes to online apparel sales. Even a brief glance at the average annual sales chart shows that Black Friday and Cyber Monday are genuine outliers in terms of total consumer spend, and have the potential to make or break your retail year.

With the annual media and marketing frenzy surrounding these twin spending peaks, it’s no surprise that they tend to dominate the thoughts of consumers, retailers, and industry analysts alike. There is, however, a wider seasonal spending picture hiding behind them – one that we’ve been exploring by digging a little deeper into average daily sales volume throughout the year. Continue reading “Is Hype Around Black Friday and Cyber Monday Blinding You to the Bigger Seasonal Spending Picture?”

3 Reasons Why Millennials Should Be Your Key Holiday Target Market

From small online t-shirt stores to booming international brands, the holiday season is a defining part of the e-commerce year for anyone selling fashion online. With Black Friday and the Christmas period typically accounting for nearly 20% of yearly sales, it’s also a time where you need your consumer targeting to be absolutely on point – small percentage changes drive outsize revenue over this period.

Fit Analytics sales data sales revenue by month and demographic segment with millennial holiday spend.
Source: Fit Analytics sales data from 3 major US brands, 2014-present.

With an election cycle in full swing, Millennials (those born between 1980 and 2000) have been dominating the headlines over the last twelve months, and we suspected that they might be playing a hugely significant role in retail results as well. We deal in data rather than best guesses at Fit Analytics, so we decided to dive into the numbers for some definite answers. Continue reading “3 Reasons Why Millennials Should Be Your Key Holiday Target Market”