The year-on-year (YoY) revenue growth of luxury apparel and handbags fluctuated worldwide from 2022 to 2023. Luxury apparel experienced a 14 percent increase in YoY revenue growth during the second quarter of 2022. However, in the corresponding quarter of 2023, this growth took a downturn, declining to a modest two percent. Online sales of luxury handbags witnessed a more robust YoY revenue growth in comparison to apparel. Luxury handbags' YoY revenue grew 12 percent in the second quarter of 2022 and reached a 18 percent growth in the same quarter in 2023.
Year-on-year (YoY) online revenue change of luxury apparel and handbags worldwide from Q2 2022 to Q2 2023
Characteristic
Luxury apparel
Luxury handbags
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Salesforce Research. (September 29, 2023). Year-on-year (YoY) online revenue change of luxury apparel and handbags worldwide from Q2 2022 to Q2 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1416141/yoy-online-luxury-revenue-worldwide/
Salesforce Research. "Year-on-year (YoY) online revenue change of luxury apparel and handbags worldwide from Q2 2022 to Q2 2023." Chart. September 29, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1416141/yoy-online-luxury-revenue-worldwide/
Salesforce Research. (2023). Year-on-year (YoY) online revenue change of luxury apparel and handbags worldwide from Q2 2022 to Q2 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1416141/yoy-online-luxury-revenue-worldwide/
Salesforce Research. "Year-on-year (Yoy) Online Revenue Change of Luxury Apparel and Handbags Worldwide from Q2 2022 to Q2 2023." Statista, Statista Inc., 29 Sep 2023, https://www.statista.com/statistics/1416141/yoy-online-luxury-revenue-worldwide/
Salesforce Research, Year-on-year (YoY) online revenue change of luxury apparel and handbags worldwide from Q2 2022 to Q2 2023 Statista, https://www.statista.com/statistics/1416141/yoy-online-luxury-revenue-worldwide/ (last visited August 24, 2024)
Year-on-year (YoY) online revenue change of luxury apparel and handbags worldwide from Q2 2022 to Q2 2023 [Graph], Salesforce Research, September 29, 2023. [Online]. Available: https://www.statista.com/statistics/1416141/yoy-online-luxury-revenue-worldwide/