Friday, 4 December, 2020 Lidl and Pets at Home are latest retailers to repay business rates relief More than £1.9bn has been returned to UK government by companies in past few days Jun. In the Fashion segment, the global online share of revenues already reached 20% in 2018, but the segment’s growth will continue in the next years, driven by East and Southeast Asia regions with their growing middle class and lagging offline shopping infrastructure. Reading Support This figure incorporates … in the Fashion market The direct value of the UK fashion industry to the UK economy is nearly £21 billion according to a major new research study released today. •    is the 15th largest industry (out of 81) in UK  –  similar in size to the food / beverage services and telecommunications industries and bigger than the wholesale and retail of automotives, sports activities, chemical manufacture and advertising/video sectors | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of Desktop-PCs per capita. Economic consultants, Oxford Economics, researched and wrote the report, and it was funded by a range of cross-sector organisations including: the London Development Agency (LDA), UKTI, British Fashion Council, UK Fashion & Textile Association (UKFT), Aurora Fashions, House of Fraser, Debenhams, Land Securities, Marks & Spencer and New Look. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. One of the leading trends is the direct integration of shopping functionality into the content display on social media, enabling high-speed, "inspire and sell" customer conversion (e.g., Instagram Checkout). Revenue in the Fashion segment is projected to reach US$32,527m in 2020. New Landmark Report Reveals Fashion Industry Worth £21 billion to UK Economy The direct value of the UK fashion industry to the UK … Zara, the world’s largest fashion … | Source: Statista Consumer Market Outlook, The indicator shows the estimated average per capita sales of mobile phones in units. Retail sales form our sector size. in percent The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world’s Gross Domestic Product (GDP). 2 United Nations Alliance on Sustainable Fashion reports the fashion industry … Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. This means that, including direct, indirect, induced and ‘spill over’ effects, the fashion industry’s total contribution to the UK economy is estimated to stand at over £37 billion. in millions The report shows that the modern UK fashion industry: •    a cross-sector long term strategy and plan to showcase UK fashion design to help it stay ahead of the international competition Today, underwear makes up 4% of womenswear products currently retailing online across the US and UK markets combined. At a press conference to open London Fashion Week Natalie Massenet, chairman of the British Fashion Council, announced the increase of 22 per cent; up from £21 billion in 2009. In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. Factors behind the growth of the fashion industry cited in the report include: Honor Code| Global Furniture Market by Type5.1. Directly accessible data for 170 industries from 50 countries The average UK household spends £1,700 on purchasing clothing annually. In the year 2020 a share of 24.1% of users is 35-44 years old. cleaning products). Fashion is a $1.2 trillion global industry, with more than $250 billion spent annually on fashion in •    growing international competition from other showcasing capitals which could challenge London Fashion Week’s and London’s reputation as the most creative capital Good thing our market research tools can keep up! The direct value of the UK fashion industry to the UK economy is £26 billion – one of the biggest in the world; up from £21 billion in 2009. in percent. It includes outerwear, underwear and fashion accessories, but excludes footwear and jewellery. The market's largest segment is Apparel with a projected market volume of US$22,381m in 2020. The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. The UK music industry is set to halve in size this year as issues including an effective shutdown of concerts, gigs and festivals strip £3bn from its contribution to the economy. The fashion industry is constantly changing. Retrieved December 21, 2020, from https://www.statista.com/outlook/244/156/fashion/united-kingdom, "Fashion - United Kingdom." creative economy is the fashion industry. 13. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. •    directly employs 816,000 people across a wide range of jobs and is the largest employer of all the creative industries in the Fashion market 12. 1. A boarded up Macy's store, New York, June 8, 2020. high street retailers  (including department stores) and supermarkets Appetite for fashion has dropped off amid the COVID-19 lockdown and fashion is set to be one of the hardest hit retail sectors. Steelcase is the … facts. | Source: Statista, based on ITU, Estimated share of the total population using a smartphone | Source: Statista, Number of people in the selected region using the internet | Source: Statista, based on ITU and national statistical offices, Average per capita sales of laptops and tablets in units | Source: Statista Consumer Market Outlook, Average revenue of laptops and tablets per capita | Source: Statista Consumer Market Outlook, The indicator shows the estimated average per capita sales of Desktop-PCs in units. For the Fashion market, our analysts create reports with detailed comparisons and important background information. This comprises of all retail sales through clothing specialists. Our new and established designers and fashion labels are internationally renowned for their unique vision at the cutting edge of this hugely important global industry. The Users by age box shows the age distribution of users of the selected market (market segment, region) in age groups. In the year 2020 a share of 35.5% of users is in the medium income group. $2.4 trillion was the estimated worth of the global fashion industry in 2016. This may seem small, but on a global scale lingerie is expected to hit $325.36 billion by 2025 according to Allied Market research, making that 4% worth … •    support for high-skilled manufacturing in percent. Accessed: December 21, 2020. https://www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion - United Kingdom Statista, https://www.statista.com/outlook/244/156/fashion/united-kingdom (last visited December 21, 2020), A definition and detailed explanation of the displayed markets can be found, Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 0-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 15-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 25-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 35-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 45-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 55 and older) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Consumer spending, per capita (current prices), Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for food and non-alcoholic beverages (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). The average annual wage at such companies is 26,650 … The “ARPU” box shows the average annual revenue per paying user of the selected market (market segment, region) for each year. Fast-fashion retailer Next Plc is the second largest fashion company in the United Kingdom, based on its market value of 7.16 billion pounds. in the Fashion market | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for housing, water, electricity, gas and other fuels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for furnishings, household equipment and routine maintenance of the house (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for health (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). 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