Consumers Are Buying Less Apparel – but Paying More
Apparel retailing in mid-May 2026 is being shaped by cautious consumers, rising prices, and widening divides between income groups
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Black Friday and Cyber Monday were blowout days for TikTok Shop.
In app purchases saw a 165% increase in shoppers year-over-year. Fueled by both familiar and new creators within TikTok’s extensive community, there were over 4 billion #tiktokshopblackfriday views and 3.5 billion #tiktokshopcybermonday across the platform to help inspire shoppers, according to TikTok’s data.
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Markets
Apparel retailing in mid-May 2026 is being shaped by cautious consumers, rising prices, and widening divides between income groups
Brands are continuing to show margin pressure as costs increase.
Softening confidence and higher costs are driving more cautious, value-focused behavior – forcing brands to plan for flatter, less predictable demand.
U.S. demand remains relatively resilient, is facing headwinds, while EU growth has softened
Disciplined inventory control, a capital-light platform and margin-first retailing are helping Next outperform rivals in a difficult apparel market.
Brands wrapped up 2025 with stronger-than-expected earnings. However there are serious concerns heading into 2026.