Deep Dive 11 minutes PremiumDeep Dive: Retail Spending Review—Breaking Down Retail Sales in the US, the UK, Germany and China Coresight Research May 19, 2017 Executive Summary Of these countries, the US sees clothing and footwear capture the smallest share of retail sales. The category accounted for only 10.9% of US retail sales in 2016, which was down from 11.7% in 2012. Apparel enjoyed a strong run in the UK for several years, growing its share of retail sales until 2016, when the category entered a relative decline. The share of retail spending captured by food and beverages has fallen significantly in the US and the UK in recent years. These US and UK trends show that consumer shifts in spending away from nondiscretionary and semidiscretionary categories in favor of discretionary categories are not unique to developing economies such as China. Similarly, soft demand for retail categories such as apparel in the US and the UK is not simply about consumers switching to spending on leisure services, as relative declines are observable even when these categories are measured only against other retail categories. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Holiday 2023: Help Wanted… or Not. Slow Growth in Planned US Retail HiringUnveiled at CES 2023: 15 Cool Products Plus Bonus Launchit JETRO InnovatorsWeinswig’s Weekly: The Singles’ Day Trifecta—Discounting, Livestreaming and AIEssential Guide to Shoptalk 2024: Strategies and Opportunities Across Five Retail Themes