UK Clothing Retailing Market Report 2023
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Stay ahead of the curve and secure future growth for your business with Mintel’s UK Clothing Retailing Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest retailer activity and consumer behaviours affecting your industry. Get a 360° view of the UK fashion retail market including market size, share and five-year forecasted growth.
Pent-up demand for clothing following the pandemic has driven spending in 2023 as people updated their wardrobes for socialising, holidays and events. While value sales have risen, ongoing inflationary pressures and the cost of living crisis have impacted volume sales.
Fortunately for the industry, consumers will return to more normalised spending habits as pressure on household finances begins to lift. While opting for more sustainable retailers is not a consumer priority yet, it will increase in importance over the coming years.
Affordability is important to 60% of consumers when buying clothes, which highlights that UK shoppers are increasingly value focused. Retailers should keep in mind that promoting value as not just lower priced clothes, but focusing on durability and versatility. Brands can encourage consumers to understand the benefits of spending more on longer-lasting, higher quality clothing, rather than trend-led items.
Fit is the most important factor when buying clothes, with 69% of consumers prioritising a good fit. However, this is also one of the main barriers to purchasing online. Retailers should invest in fit solutions across their websites and apps, and the latest AI technology, to provide personalisation and to help reduce returns.
Purchase our full report to learn more about the latest market trends and growth opportunities in the UK Clothing Retail Market. Readers of this report may also be interested in Mintel’s UK Footwear Retailing Market Report 2023.
This report, written by Tamara Sender Ceron, a leading fashion retail analyst, delivers in-depth commentary and analysis to highlight current trends in the UK Clothing Retail market and add expert context to the numbers.
The clothing market has benefitted from its potential to lift the mood as consumers buy outfits for socialising and holidays, but savvier shopping dents sales.
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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.