From 2013 to 2023, clothing accessories sales in Japanese department stores and supermarkets have generally declined, with values decreasing from 1.1267 trillion yen to 0.97469 trillion yen. Despite some year-to-year fluctuations, significant drops occurred in 2019 (-6.15%) and 2020 (-15.99%). Recent years saw slight recoveries, such as in 2021 (+13.59%) and 2022 (+4.47%). However, 2023 showed a minor decline of -0.74%. The compound annual growth rate (CAGR) over the last five years is -1.47%, indicating a continuing downward trend.
Forecasts for 2024-2028 suggest a continuing decline in sales with a CAGR of -0.62%, pointing to a future reduction of 3.05% overall. As of 2023, the value stood at 0.97469 trillion yen.
Future Trends to Watch For:
- Impact of e-commerce on in-store sales
- Changes in consumer spending behavior post-COVID-19
- Market adaptations to demographic shifts and aging population
- Emergence of sustainable and eco-friendly fashion trends
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