Quarterly online revenue growth of luxury fashion and handbags worldwide 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.