Market Share of North America Fashion Accessories Industry
The market is highly competitive with the presence of key players operating in the market, such as Fossil Group, Inc, Tapestry, Inc., LVMH Moët Hennessy Louis Vuitton SE, Guess Inc, Gucci America Inc., and Guess, among others. The key players in the market have been offerings new products to gain a competitive advantage in the market. For instance, in 2022, Guess Originals launched the spring 2022 collection. The collection offers a wide range of styles for all genders with candy-colored jeans and Y2K-Esque tank dresses standing out amongst the pack. Moreover, companies are also focused on expanding their geographical presence and strengthening their regional market position. For example, in 2022, New Balance expanded its Made in USA production with a new factory in Methuen, Massachusetts. The 80,000-square-foot facility began its sneaker production in January 2022. In addition, companies operating in the market are working to enhance their packaging styles with various sustainable materials. Therefore, this is creating growth opportunities for players with enhanced product offerings.
North America Fashion Accessories Market Leaders
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Tapestry, Inc.
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LVMH Moët Hennessy Louis Vuitton SE
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Guess Inc
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Kering S.A.
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Fossil Group, Inc
*Disclaimer: Major Players sorted in no particular order
