Industry Analysis & Industry Trends
Clothing and footwear wholesalers purchase goods from domestic and foreign manufacturers and distribute them to downstream retailers and department stores. Revenue growth has been slow over the period owing to the rise in online shopping and increasing vertical integration of retailers increasing the level of wholesale bypass. Industry revenue is anticipated to increase at a compound annual rate of 0.8% over the period, reaching £12.5 billion. Revenue is anticipated to fall by 2.0% in 2016-17 as operators struggle with intense competition from vertically integrated enterprises, and suffer falling demand as a result of low consumer confidence following the EU referendum result.
Industry operators have had to adapt to a changing retail landscape... purchase to read more
Industry Report - Industry Products Chapter
Women's clothing accounts for the largest portion of revenue because women tend to spend more on clothing than men. Over the past five years, women's clothing has remained the largest segment for the industry. However, the menswear clothing market has overtaken womenswear in terms of growth, with men becoming increasingly conscious of fashion trends. Women have tended to spend more on clothing because they want a broader variety of items and women's fashion generally changes more dramatically than men's. This trend looks to change as towards the latter part of the five-year period through 2016-17, men have ramped up spending on clothes, and many fashion brands have increased their advertising expenditure towards the male market in response. The.. purchase to read more