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Daily Newsletter

07 October 2024

Daily Newsletter

07 October 2024

In data: 17,000 UK shops at risk as retail leaders urge business rates cut

71 leading retail CEOs have urged the UK chancellor, Rachel Reeves, to "level the playing field between industries" by introducing a Retail Rates Corrector to reform the current business rates system.

Isatou Ndure October 07 2024

Signatories of the letter included fashion brand leaders from H&M, Footasylum, Marks & Spencer (M&S), Matalan, Monsoon, Primark, New Look, and Schuh. Credit: Shutterstock

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Winners and Losers in the Apparel Market

GlobalData's latest report offers an analysis of the performance of the key global apparel players, with 2024 market share estimates. Per our analysis, Shein is expected to have the biggest share growth in 2024 rising to 0.30ppts. This is attributed to its low prices and wide product offering which continue to appeal to consumers globally. Other winners include Uniqlo, Skechers, and Zara, while Nike, Gucci, and H&M are expected to lose their share.

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