Retail sale of clothing in specialised stores revenue in the United Kingdom 2011-2023

Even though the UK’s reputation as a European fashion hub has always been second to countries such as France and Italy, which have rich legacies in art and design, it has definitely improved over the last few years. In fact the country’s apparel and footwear market is expected to increase from 57 billion Euros in 2015 to around 67 billion Euros by the end of 2020. The retail sector however has not inspired much confidence off late with sales surprisingly decreasing in the run-up to Christmas.

Brexit causing uncertainty in the apparel retail market

The 2009 recession in the UK witnessed three critical phases in terms of retail sales. The first saw a reduction in prices to combat falling demand, the second, a decline in the number of people visiting the high street and finally a restoration in consumer confidence accompanied by an increase in average prices. Brexit related uncertainties and concerns are expected to have a similar effect and therefore the retail apparel market has been estimated to grow only marginally over the period 2018-2023, increasing from 56.5 billion U.S. dollars in 2018 to just over 59 billion in 2023.

Retail sale of clothing in specialised stores revenue in the United Kingdom from 2011 to 2023

Revenue in billion U.S. Dollars
--
--
--
--
--
--
--
--
--
--
--
--
--
Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$650 per month*
(billed annually)
* All products require an annual contract.
   Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (GBP -> USD) = 1.338

The industry classification is based on the NACE Rev.2 - system in the United Kingdom. The industry “retail sale of clothing in specialised stores“ has the code “G4771“.

Details on the methodology can be found here.

Brexit details

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Economic Outlook United Kingdom"

Further Content: You might find this interesting as well

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.