Online Fashion Market in Saudi Arabia is expected to Increase at a CAGR of 20% in Future in terms o
Online Fashion Market in Saudi Arabia is expected to Increase at a CAGR of 20% in Future in terms o Consumer •In 2017, Riyadh generated maximum revenue in fashion apparel segment amongst different states of Saudi Arabia. •Gymwear is also gaining popularity in the country among sportswear category with more adoption/ subscribers for fitness clubs. The number of subscribers going to fitness club has more than tripled in the last 7 years to 567 thousand people in 2017. •Handbags have dominated the online accessories market with leading share in the total GMV generated during the year 2017. Saudi Arabia online fashion retail market is quite dynamic and is in the early growth phase. A phenomenal growth of 10.1% in the internet users in the last 5 years and in smartphone users in the country have acted as drivers for the online fashion market. Convenience to purchase online, rising disposable income, easy availability of branded products and rising demand for E-commerce pro...