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HOSIERY: significant CAGR predicted

ACCORDING to research concern Market Reports, the global market for hosiery is expected to grow at a CAGR of 4 per cent in the five years to 2020. The predicted increase in sales is attributed to consumers looking for improved quality, durability, fit, style and glamour when purchasing hosiery products. Higher sales by e-commerce platforms is also cited as a contributory factor.

Wolford

Wolford

 

The predicted growth should allow successful brands to raise their sales by a substantial proportion during the period.

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