Market Outlook: Apparel Specialty Retail in the US, the UK and China

Published – November 2022

Each Market Outlook offers our analysts’ definitive view of their sector. This research report includes proprietary forecasts, analysis of company metrics, exclusive consumer survey data and our analysts’ consideration of factors and themes in the market.

In this report, we provide updated outlooks for the apparel and footwear specialty retail sectors in the US, the UK and China in 2023 and beyond. We explore key growth drivers, competitive landscapes, notable retail innovators in the space, and opportunities arising from three notable specialty apparel and footwear trends.

Data in this report for the US, the UK and China include:

• Specialty retailers’ sales, 2016–2026E
• Year-over-year changes in apparel and footwear specialty retailers’ sales versus total apparel and footwear consumer spending, 2018–2023E
• Year-over-year changes in clothing and footwear CPI, September 2021–September 2022
• E-commerce share of apparel and footwear specialty retailers’ sales, 2018–2026E
• Key metrics for leading apparel and footwear specialty retailers

Introduction

Market Performance and Outlook

Market Factors

Online Sector Sales

Competitive Landscape

Themes We Are Watching

Retail Innovators

What We Think

American Eagle Outfitters, Bosideng, Dick’s Sporting Goods, Foot Locker, Gap Inc., JD Sports, Marks and Spencer, Next, Primark, Topsports International

1. US, UK and China: Apparel and Footwear Specialty Retailers’ Sales (USD Bil.)
2. US, UK and China: Apparel and Footwear Specialty Retailers’ Sales Versus Total Apparel and Footwear Consumer Spending, YoY % Change
3. Key Factors Driving Apparel and Footwear Specialty Retailers’ Sales in the US, the UK and China
4. US, UK and China: Clothing and Footwear Consumer Price Index (YoY % Change)
5. US, UK and China: E-Commerce Share of Apparel and Footwear Specialty Retailers’ Sales (%)
6. US, UK and China: Leading Apparel and Footwear Specialty Retailers, Ranked by Revenue (USD Bil.)
7. US, UK and China: Major Tracked Apparel and Footwear Brands and Retailers, by Number of Stores, as of October 2022
8. US Apparel Shoppers: Retailers from Which They Have Purchased Clothing or Apparel Accessories in the Past Three Months (% of Respondents)
9. Respondents Who Purchased Clothing or Apparel Accessories in the Past Three Months: Categories That Consumers Purchased (%), July 2022
10. Key Recent Strategic Collaborations in the US, the UK and China
11. Gross Margin Metrics of Selected Apparel and Footwear Retailers