Quarterly online revenue growth of luxury fashion and handbags worldwide 2023

Published by
L. Yltävä,
Oct 20, 2023
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

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Release date

September 2023

Region

Worldwide

Survey time period

Q2 2022 to Q2 2023

Supplementary notes

Release date is the date of access.

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