In this Apparel & Accessories M&A Industry Update, we explore the M&A activity and projections for this sector within the Consumer industry. Within this report we provide key themes that are driving deal activity for Apparel & Accessories companies, M&A activity updates, and up-to-date market data. The purpose of this report is to educate business owners and financial service providers on the trends and activity for Q3 2023, and projections for the future.
Select Insights:
Consumer spending has shown signs of strength despite headwinds from high interest rates, high inflation, and the resumption of student loan payments in October.
- Overall consumer spending on Black Friday rose 2.5% over last year, with online sales up 7.5% to $9.8 billion based on data from Mastercard and Adobe Analytics. However, their data showed that buy now, pay later usage also surged to a record high of $940 million on Cyber Monday, which was a 42.5% increase over last year.
- In addition, consumers showed up for holiday shopping weekend en masse with an all-time high of 200.5 million shoppers, topping the previous high of 196.7 set last year according to the National Retail Federation.
- Consumer spending has continued to grow on a rolling TTM basis through 3Q23. Economic surveys and data show mixed expectations for consumer spending trends going forward.
To read the full Apparel & Accessories Industry Update, download below
If you are interested in discussing any of the analysis from this report, or if you would like to discuss your own transaction goals contact the Managing Directors from our Consumer Industry Practice Group below, or reach out at (800) 849-7010 or [email protected] to be directed to the appropriate team member.
About the Authors:
Carl Miller
Managing Director, Consumer Practice
858.284.0449
Disclosure
This news release is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, Objective Capital Partners and BA Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Securities and investment banking services are offered through BA Securities, LLC Member FINRA, SIPC. Principals of Objective Capital are Registered Representatives of BA Securities. Objective Capital Partners and BA Securities are separate and unaffiliated entities.
