2023
9
UK Clothing Retailing Market Report 2023
2023-11-23T14:03:30+00:00
REP09896F27_7C21_4C39_B6DC_CBAD0187C5FC
2195
168224
[{"name":"Fashion","url":"https:\/\/store.mintel.com\/industries\/fashion"},{"name":"Retail","url":"https:\/\/store.mintel.com\/industries\/retail"}]
Report
en_GB
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. Tamara Sender Ceron, Associate…

UK Clothing Retailing Market Report 2023

£ 2,195 (Excl.Tax)

Description

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.

Key Issues Covered in this Report

  • The impact of the cost of living crisis on clothes buying behaviour.
  • Analysis of the size of the clothing market and forecast for the next five years.
  • Market share of major players, competitive strategies and advertising initiatives.
  • The most important factors consumers prioritise when buying clothes.
  • Retailer improvements desired when shopping in-store and online.

Apparel Market UK – Current Landscape

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.

  • UK clothing market size: The UK clothing retail market is expected to grow 4% in 2023.

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.

  • UK clothing retail market forecast: Mintel forecasts that UK clothing retail sales will pass £50 billion in 2028.

UK Clothing Retail in the UK – Market Trends and Opportunities

Promoting value through quiet luxury

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.

Using technology to improve fit

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.

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Expert Insights from a Fashion Retail Specialist

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.

Tamara Sender CeronTamara Sender Ceron
Associate Director, Fashion Retail

 

 

Table of Contents

    • Key issues covered in this Report
  1. Executive Summary

    • Opportunities for the clothing retail market
    • Market dynamics and outlook
    • What consumers want and why
    • Graph 1: how consumers have bought clothes for themselves in the last 12 months, 2021-23
    • Graph 2: where consumers have bought clothes in-store/online for themselves in the last 12 months, 2022 and 2023
    • Graph 3: current and future shopping behaviours, 2023
    • Graph 4: shopping behaviours not done yet but interested in doing in the future, 2023
    • Graph 5: when buying clothes for myself, it is most important to me that…, 2023
    • Graph 6: retailer improvements desired online, 2023
    • Graph 7: retailer improvements desired in-store, 2023
  2. Market Dynamics

    • Market size
    • Graph 8: consumer spending on clothing and accessories, 2018-23
    • Market forecast
    • Graph 9: consumer spending on clothing and accessories, 2009-14
    • Sector size and forecast
    • Graph 10: estimated sales of clothing and accessories through specialists, 2018-23
    • Online
    • Graph 11: online sales of clothing and accessories, 2018-23
    • Graph 12: online as a % of spending on all clothing and accessories, 2018-23
    • Macro-economic factors
    • Graph 13: GDP, 2021-23
    • Graph 14: Overall CPIH and garment inflation rate, 2022-23
    • Graph 15: “Have you been affected by any of these issues over the last two months? Please select all that apply.”, 2023
    • Graph 16: recent and planned spending activity, 2023
    • Graph 17: all store-based clothing retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2022-23
    • Graph 18: “How do you think the following will change over the next year?”, 2023
    • Graph 19: “If your financial situation significantly improved, which of the following would you prioritise spending on?”, 2023
    • Graph 20: “Are you expecting to do any of the following as a result of rising prices? Please select all that apply.”, 2023
  3. What Consumers Want and Why

    • What they buy
    • Graph 21: Mintel Fashion Tracker, personal fashion purchases in the past three months, 2022-23
    • Graph 22: Mintel Fashion Tracker, personal fashion purchases in the past three months, 2022-23
    • Who buys clothing
    • Graph 23: how consumers have bought clothes for themselves in the last 12 months, by gender, 2023
    • Graph 24: how consumers have bought clothes for themselves in the last 12 months, by generation, 2023
    • Graph 25: how consumers have bought clothes for themselves in the last 12 months, by household income, 2023
    • How they shop
    • Graph 26: how consumers have bought clothes for themselves in the last 12 months, 2021-2023
    • Graph 27: how consumers have bought clothes for themselves in the last 12 months, by gender, 2023
    • Graph 28: how consumers have bought clothes for themselves in the last 12 months, by generation, 2023
    • Graph 29: how consumers have bought clothes for themselves in the last 12 months, by gender and age group, 2023
    • Graph 30: how consumers have bought clothes for themselves in the last 12 months, by working locations, 2023
    • Where they shop
    • Graph 31: where consumers have bought clothes in-store for themselves in the last 12 months, 2023
    • Graph 32: where consumers have bought clothes online for themselves in the last 12 months, 2023
    • Graph 33: where consumers have bought clothes in-store/online for themselves in the last 12 months, 2022 and 2023
    • Graph 34: where consumers have bought clothes in-store/online for themselves in the last 12 months, by financial situation, 2023
    • Graph 35: where women aged 16-24 have bought clothes online in the last 12 months, 2023
    • Shopping behaviours
    • Graph 36: current and future shopping behaviours, 2023
    • Graph 37: shopping behaviours in the last 12 months, by gender, 2023
    • Graph 38: shopping behaviours in the last 12 months, by generation, 2023
    • Graph 39: shopping behaviours not done yet but interested in doing in the future, 2023
    • Most important factors when buying clothes
    • Graph 40: when buying clothes for myself, it is most important to me that…, 2023
    • Graph 41: when buying clothes for myself, it is most important to me that…, 2023
    • Graph 42: when buying clothes for myself, it is most important to me that…, 2023
    • Graph 43: agreement with “they are long-lasting” is the most important factor when buying clothes for myself, 2023
    • Retailer improvements desired online
    • Graph 44: retailer improvements desired online, 2023
    • Graph 45: retailer improvements desired when shopping online for clothes, 2023
    • Graph 46: retailer improvements desired online, by financial situation, 2023
    • Graph 47: improvements desired when shopping online, by generation
    • Retailer improvements desired in-store
    • Graph 48: retailer improvements desired in-store, 2023
    • Graph 49: retailer improvements desired in-store, by generation, 2023
    • Graph 50: retailer improvements desired in-store, by gender and age, 2023
  4. Retailer Activity

    • Leading specialists
    • Graph 51: leading specialist retailers’ compound annual growth in revenues, 2018-22
    • Channels of distribution
    • Graph 52: estimated distribution of consumer spending on clothing, by retailer type, 2022
    • Leading non-specialists
    • Market shares
    • Launch activity and innovation
    • Advertising and marketing activity
    • Graph 53: total above-the-line, online display and direct mail advertising on clothing and accessories, 2019-23
  5. Brand Research

  6. Appendix

    • Market forecast data and methodology
    • Report scope and definitions
    • Methodology

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