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Market Research Report

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

Published by GlobalData Product code 983436
Published Content info 89 Pages
Delivery time: 1-2 business days
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Apparel Market in the United Kingdom (UK) to 2024 with COVID-19 Impact Analysis
Published: December 29, 2020 Content info: 89 Pages
Description

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
Product Code: GDAPP0404R

Table of Contents

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
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