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

  • December 2020 •
  • 89 pages •
  • Report ID: 6009845 •
  • Format: PDF
Apparel Market in the United Kingdom (UK) to 2024 with COVID-19 Impact Analysis

Summary
According to 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
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