Accessories are the decorative items which add extra beauty to the clothing, like hats, shoes, handbags etc. According to the current trends, the fashion market has been changing. Generally, youth follow different trends and fashions of the market. The fashion market is associated with the tastes of the people. The fashion may be differ according to the age and sex.
Coming to the US fashion accessories, it has been enhancing its paths as many companies are prevailing in the markets. There is a huge competition among different retailers and shopkeepers who are selling the Fashion accessories. Not only by walking in to the store and the online shopping has been increasing as the internet being the fastest media for purchasing the goods. Even some of the online stores are providing discounts and they even want to reduce the prices.
The women’s and girl’s market includes handbags, jewelry, cold/rain weather accessories, footwear, eye wear etc. Coming to the men’s jewelry accessories, they include socks, watches, belts, small leather goods etc.
According to the Packaged Facts research 2009, these are some of the key trends of the US Fashion Accessories Market. They are
- Hand bags market is about one- third of the total market.
- Digital gadgets replace the Fashion accessories.
- The growth is there in the categories of the ties, neck wear.
- Fashion Accessories growth increased by $20.2.
- The ladies are using handbags, as the symbol of status. There is a growth in the sales by 10% when compared to 2008.
- The main accessory are increasing the market trends is the clothing accessory.
- The market size of fashion jewelry is $9.0 billion and the hand bags is $7.64 billions when women’s accessory segments were considered.
- When it comes to men’s segment the socks and the sunglasses will have a market size of $2.2 billions and $1.15 billions respectively.
- The sales are more in the departmental stores when compared to the retail sales.
But apart from all of these, luxuries market is going to decrease.