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Apparel Market in the United Kingdom (UK) to 2024 with COVID-19 Impact Analysis

December 2020 | 89 pages | ID: ACB39B7A0FE9EN
GlobalData

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Apparel Market in the United Kingdom (UK) to 2024 with COVID-19 Impact Analysis

Summary

According to GlobalData’s latest forecast as of December 4 2020, COVID-19 is forecast to wipe off ?14.5 billion from the UK apparel market in 2020, leading to a decline of 26.7% over 2019.

This report includes analysis, market forecasts, brands, consumer attitudes and trends in the UK Apparel Market 2019-2024 with COVID-19 impact

Scope
  • Over a quarter of UK apparel spend to be lost in 2020 in the wake of COVID-19
  • Value apparel to continue growing as consumers deprioritize spending on apparel in favor of experiences
  • Increased working from home to affect formalwear sales in the long term
  • Online spend to remain heightened post pandemic thanks to retailer investments, convenience and accessibility
  • Sustainability initiatives will be key to attract environmentally conscious shoppers
Reasons to Buy
  • Gain a comprehensive view of the UK Apparel market and forecasts to 2024
  • Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of Covid-19 on the UK apparel market
  • Investigate current and forecast trends in apparel to identify the opportunities offering the most potential
  • Understand who the main competitors are in the UK apparel market and their price positioning
Table of Contents
Executive Summary
Impact of COVID-19 on the apparel industry
Consumers
Retailers
Supply Chain & logistics
Economic environment
Apparel market forecasts 2014-2024
Clothing
Footwear
Accessories
Methodology & contacts

COMPANIES MENTIONED

Marks & Spencer
Primark
Next
New Look
George
F&F
H&M
Adidas
Tu
Zara Clarks
Primark
Schuh
Next
Dune
River Island
Matalan
Skechers
Russell & Bromley
Hugo Boss
Claire's


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