Volume and Consumption: How Much Does The World Buy?
The global apparel retail market is currently worth $1.34 trillion in retail sales per year. If footwear and jewellery are included, that value rises to around $2 trillion.1
To put this into context, the amount of money that consumers spend on clothes, footwear and jewellery each year is the equivalent to the combined gross domestic product (GDP) of the 126 poorest countries in the world – or just slightly larger than the size of the Italian economy2.
This huge amount of money spent on fashio…
