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Market Overviews 18 minutes

UK Value Clothing Market— Pure Plays Drive Market Growth

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Coresight Research

Key Points

  • Major value retailers account for almost one-quarter of the total UK clothing market, we The value apparel market was worth nearly £10 billion in 2016, and sales increased at a CAGR of 3.4% over the past five years.
  • New entrants and higher standards have boosted the UK value clothing The structural “winners,” such as Primark and Boohoo.com, are those that offer a fast- fashion product to a young target customer.
  • Grocery retailers are prominent in the value apparel market, and they appear to have gained sales as a result of the BHS closure in August 2016.
  • Higher standards and an explosion in choice are heaping competitive pressures on long-standing value players.

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