| Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of mobile phones per capita. The Users by income box shows the income distribution of users of the selected market (market segment, region) in tertiles. Revenue in the Fashion segment is projected to reach US$32,527m in 2020. “Fashion is a great British success story and this landmark piece of research underlines its true scope and economic impact. With a projected market volume of US$284,311m in 2020, most revenue is generated in China. print catalogs). Wipro Furniture Business9.2.2. This report examines the UK clothing and accessories market. The “Penetration Rate” box shows the share of active paying customers (or accounts) from the total population of the selected market (market segment, region) for each year. Klarna). New Landmark Report Reveals Fashion Industry Worth £21 billion to UK Economy perfume, accessories, homeware etc.) This comprises of all retail sales through clothing specialists. Friday, 4 December, 2020 Lidl and Pets at Home are latest retailers to repay business rates relief More than £1.9bn has been returned to UK government by companies in past few days The average UK household spends £1,700 on purchasing clothing annually. •    promoting existing best practice on sustainability and working together with Government to implement its Sustainable Clothing Action Plan in this area The organic industry has had nine years of consecutive growth and it shows no signs of slowing down. 2015. In the Fashion segment, the global online share of revenues already reached 20% in 2018, but the segment’s growth will continue in the next years, driven by East and Southeast Asia regions with their growing middle class and lagging offline shopping infrastructure. hats, scarves, gloves and leather bags, suitcases, purses and briefcases). You probably don't want to relive the overall horror show that was 2020, but it's worth pointing out that the fashion industry changed more this year than any other (that I've worked in it, at … Consumer spending forms our market size. Reading Support Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: (Core country: data based on in-depth analysis), in the Fashion market hats, scarves and gloves), All the important data on the Fashion market, including market size, forecasts, and regional comparisons, Information about key players and insights about start-ups. Fast facts on fashion’s environmental and social footprint, from your closet to the global industry. The ‘Value of the UK Fashion Industry’ report, commissioned by the British Fashion Council,defines the industry and analyses the true breadth and economic value of the UK fashion industry for the first time. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). The industry, which encompasses everything … in percent. The report also highlights the pivotal role of cutting edge British design, and showcasing events such as London Fashion Week, in driving innovation and growth within the industry itself, as well as attracting millions of visitors from across the globe to the UK every year. cleaning products) as well as accessories and bags (e.g. Households denote residential communties of people living and keeping house together. It includes outerwear, underwear and fashion accessories, but excludes footwear and jewellery. The industry was making revenue worth … Accessed December 21, 2020. https://www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion - United Kingdom. Clothing Retailing in the UK industry trends (2015-2020) Clothing Retailing in the UK industry outlook (2020-2025) poll Average industry growth 2015-2020 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. I look forward to continuing to work with the British Fashion Council to make sure that the Government does what it can to further support the industry.” The data source is specified individually for each data set. in percent Showing an increase of 22% in nominal terms. The following boxes show the top 5 online stores by eCommerce net sales (first party sales) in the Fashion segment in United Kingdom. 12. The carbon emissions generated by the clothing of the average UK … The study concludes by citing activities that would help ensure the future growth and success of the industry including: “This new research published today, on the eve of London Fashion week, shows that fashion makes a significant contribution to the UK economy and confirms British fashion’s status as one of our most important creative industries. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. Mintel predicts that sales of womenswear will decline dramatically, dropping by 21% in 2020. A boarded up Macy's store, New York, June 8, 2020. In the year 2020 a share of 55.6% of users is female. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. User penetration in the Apparel segment will be at 60.5% in 2020. in the Fashion market It includes spending on nonclothing … Minister for the Creative Industries, Ed Vaizey said: •    impact of the recession and limited access to investment for the fashion manufacturing and designer sectors In the year 2020 a share of 35.5% of users is in the medium income group. Now the UK’s Fashion industry is worth £26 billion & 800,000 jobs to the economy , making it the UK’s largest creative industry. Appetite for fashion has dropped off amid the COVID-19 lockdown and fashion is set to be one of the hardest hit retail sectors. Reading Support Jun. It includes two streams of data relating to the clothing market: consumer spending and retail sales. New, Figures and insights about the advertising and media world, Industry Outlook

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