The retail industry was adversely affected by the global supply chain disruptions and sky-high inflation in the past few months. However, resilient consumer spending amid high pent-up demand has allowed the retail industry to bounce back. In addition, the rapid adoption of e-commerce platforms has been playing a vital role in driving up the sales of traditional retail companies.
The apparel retail sector has been performing well despite the rising costs, thanks to the increasing demand for new clothing. The demand for activewear and athleisure products has increased significantly since the pandemic and is likely to continue amid the continued hybrid working backdrop. This bodes well with the clothing and accessories market.
