The e-commerces of the fashion sector are not only those that sell clothes, there are also companies that sell other products such as bags or accessories. This market is evolving rapidly.
The market is divided into two segments: watches and jewelry, and luggage and bags. The watch and jewelry segment is the one with the highest growth rate, especially due to the sales of the second of the mentioned markets. Together, the accessories segments have generated $511 billion in global sales.
This sector, like the fashion sector, has a great influence from the tourism industry and influencers.
Where are the sales of these markets growing the most?
The largest market share is held by South Korea with 40%then it goes China with 38% (2019 data). LVMH, Richemont and Swatch Group are the companies with the most relevant results in the market. The first of them sells around 61,000 million dollars, followed by Richemont with almost 15,800 million dollars.
Top 10 e-commerces of bags and accessories
Number 1: The English Court
The Spanish company has managed to position itself first in this category and surpass Amazon, its great rival in online sales. For 2022, a turnover of 2,679 million dollars is expected, thus observing a growth of 17.3%.
Number 2: Privy
This is another Spanish company, in its case it was founded in Barcelona in 2006. Its total income was 939.4 million dollars and of these 25% came from the category of bags and another 25% from the category of accessories.
Number 3: Amazon
In this list, the US marketplace occupies position No. 3. Its total revenue in 2021 was $4,327.3 million with the bags and accessories category accounting for just 1.5% of revenue.
Number 4: All
Finding Tous in this list is somewhat predictable, since its jewels are one of the most famous in Spain and the rest of the world. Total revenue was $95 million with the handbags and accessories category accounting for 100% of revenue.
The main country of sale of the company is Spain (70.8%), followed by Portugal (13.7%) and the third is the United States (4.6%).
Number 5: Zalando
Zalando.es has a very varied range of products, but above all it focuses on the fashion market. Total revenue was $396.6 million and the category of bags and accessories represents 10% of income.
Number 6: Shein
This is one of the main e-commerce companies in the fashion sector worldwide. Total revenue was 11,017.3 million dollars and the category of bags and accessories represents 8% of income.
Number 7: Veepee
This French company was founded in 2001. Its business model is based on organizing private online sales of branded products at discounts. Total revenue was $241.7 million and the category of bags and accessories represents 10% of income.
Number 8: Oysho
Oysho is the intimate apparel chain of the Inditex group, it has different product lines that are part of its collections: lingerie, gymwear, sleepwear or accessories and footwear. Total revenue was $289.4 million and the category of bags and accessories represents 25% of income.
Number 9: Pull&Bear
This company also belongs to the Inditex group. Total revenue was $773.9 million and the category of bags and accessories represents 10% of income.
Number 10: Massimodutti
The last company on the list is another of the brands that are within the Inditex group. In this case, it’s a male line that was purchased in 1995. Total revenue was $621.5 million and the category of bags and accessories represents 20% of income.