Soaring prices have compelled consumers to cut back on their expenses. However, the demand for clothing and accessories remained stable. Moreover, according to Mastercard SpendingPulse, clothing is estimated to witness robust growth, with people returning to offices and choosing better outfits.
Apparel sales in August 2022 grew by 17% year-over-year. In addition, the increasing outdoor activity is an impetus for growth in the outdoor apparel sector.
