2020 has been a rollercoaster year for a good number of industries and activewear is no exception.
US Athleisure Items to Account for 31% of Apparel Sales in December 2020
Nike had a 75% increase in online sales during its Q4 FY2020 which ended in June 2020. eCommerce accounted for 30% of its total revenue as it closed 90% of retail stores. Its online sales rose by 82% during its Q1 FY2021 which ended on August 31, 2020, with total revenue at $10.6 billion and net profit at $1.5 billion.
According to the research data analyzed and published by Comprar Acciones, the global activewear market is expected to be worth $353.45 billion in 2020. It is projected to have a 3.7% compound annual growth rate (CAGR) between 2020 and 2026 to reach $439.17 billion by the end of the period.
Article by Nica San Juan posted January 21, 2021 at Compraracciones.com