What’s on sale in UK clothing stores now?
The UK clothing and footwear market is set to see a significant jump in sales, according to data released by the UK’s leading clothing retailer.
The rise in sales is due to an increase in demand for clothing and accessories, the report from market research firm IHS Markit has found.
It says that a significant number of people are buying clothes online and that they will be spending more on their clothing when the UK leaves the EU.
“The UK’s overall clothing and clothing accessories market grew by 10.5% in the 12 months to September 2016 compared with the previous 12 months, driven by an increase of 16.9% in sales to £1.8bn in the UK online,” the report says.
“This is driven by strong growth in the sales of high-street retailers such as Marks & Spencer, Lidl, Asos and Primark.”
According to the report, “online sales are forecast to grow at 7.9%, while sales at stores have grown at 5.3%.”
Online sales increased by 7.1% to £6.1bn, while sales from the physical stores are forecast at £5.8 billion.
The rise in retail sales to online buyers is expected to help the UK economy grow, which the government says will be the “best-case scenario”. “
Sales from brick-and-mortar stores and department stores continued to grow, with the total for both categories rising by 6.6% and 9.2% respectively,” the study says.
The rise in retail sales to online buyers is expected to help the UK economy grow, which the government says will be the “best-case scenario”.
The UK is due leave the EU in March 2019.