Fitting out: Operators have invested in their online operations, supporting ongoing growth

Clothing retailers have faced somewhat challenging operating conditions over the past five years, characterised by strong external competition, rising overheads and intense downward pricing pressures. In response, numerous operators have expanded offerings to claw back market share, increasing their online operations and introducing value-added services such as same-day delivery. As a result, over the five years through 2019-20, IBISWorld expects industry revenue to increase at a modest compound annual rate of 1.6%.In the current year, weak growth in disposable income and falling consumer confidence is expected to translate into strained consumer expenditure...read more.

Industry Statistics & Market Size
Revenue
£44.6bn
Annual Growth 15-20
1.6%
Forecast Growth 20-25
Profit
Employment
399,828
Businesses
11,673

Industry Threats & Opportunities

  • Growth has weakened due to uncertainty, but new strategies have supported expansion
  • Many operators have sought to offer an extensive range of delivery options, including premium services
  • Technological developments are expected to help operators make more efficient use of their retail space
  • Industry Report - Industry Locations Chapter

    The spread of industry establishments correlates closely with the distribution of the population and economic activity. London, the South East and the North West, which collectively account for over 40% of establishments, are the most important areas for the industry.LondonLondon accounts for the largest share of industry establishments, at 18.6%. As the fashion and business capital of the United Kingdom, London is home to more boutique and luxury shops than the rest of the United Kingdom. The city’s high population density helps more small shops to survive than would be possible in an area with a lower concentration of inhabitants. Oxford Street is one of the main shopping areas in London and is therefore one of the key commercial areas for the industry. Oth...purchase to read more.

    Additional Insights for the Clothing Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Clothing Retailing Industry are

  • Ability to pass on cost increases
  • Attractive product presentation
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Demand from department stores in the Clothing Retailing industry impact industry performance..

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    What's in this report

    What is the Clothing Retailing Industry?

    Clothing retailers source clothing from wholesalers or manufacturers and sell them to consumers. Most industry participants sell goods from one or more retail stores and often operate an online portal as well. The industry does not include enterprises that only operate online. Although accessory sales are covered, shoe sales are not.

    Industry Products
  • Women's clothing
  • Men's clothing
  • Children's and infants' clothing
  • Accessories
  • Delivery options
  • Industry Activities
  • Retailing women's clothing
  • Retailing men's clothing
  • Retailing children's and infants' clothing
  • Retailing accessories and other items
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Demand from department stores
  • Consumer confidence index
  • Real effective exchange rate
  • World price of cotton

  • Current Performance
  • External competition
  • Expanding offerings
  • Cost of online growth
  • Current concerns
  • Profit
  • Market structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Online growth
  • Marketing
  • Technology
  • Fast fashion and sustainability
  • Profit and market structure
  • Table: Clothing Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clothing Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Clothing & Footwear Wholesaling
  • Clothing Manufacturing
  • Underwear Manufacturing

  • Products & Services
  • Women's clothing
  • Men's clothing
  • Children's and infants' clothing
  • Delivery options
  • Accessories
  • Chart: Clothing Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged between 34 and 49
  • Consumers aged between 18 to 34
  • Consumers aged between 50 and 64
  • Consumers aged 65 and over
  • Consumers aged 17 and under
  • Chart: Major Market Segmentation for the Clothing Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Clothing Retailing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clothing Retailing Industry

  • Industry Globalization
    Next Group plc, Primark Stores Limited,
  • Table: Next Group plc - financial performance
  • Table: Primark Stores Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Clothing Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Clothing Retailing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bricks-And-Mortar Store
  • Describes a store with a physical building and a high-street presence.
  • Flagship Store
  • The retail chain's most prominent location or largest store.
  • National Living Wage
  • A new National Minimum Wage rate for non-apprentices aged 25 and over.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Clothing Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Clothing Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Clothing Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Clothing Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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