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

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

Published: December 2020
Publisher: GlobalData
Product ref: 319760
Pages: 89
Format: PDF
Delivery: By product vendor

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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

Price: $4950.00

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Related research categories

By sector: Apparel and clothing

By market: United Kingdom (in Europe)


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