£47.2bn
£X.Xbn
334k
10,202
£X.Xbn
Clothing retailing revenue is forecast to fall at a compound annual rate of 0.8% over the five years through 2024-25 to £47.2 billion. The industry has mainly boomed thanks to the dramatic increase in photos and videos posted online, fast, affordable fashion and the introduction of credit and financing services like buy-now-pay-later platforms that have allowed consumers to manage household budgets better.
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated £47.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Primark Stores Ltd | 3,997.1 | |
Next Group plc | 3,025.9 | |
Industria de Diseno Textil SA | 1,718.6 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Women's clothing, Men's clothing and Children's and infants' clothing. Women's clothing is the largest segment of the Clothing Retailing in the UK.
Stiff competition from online sites and rental platforms eat into women's clothing sales
Clothing retailers source clothing from wholesalers or manufacturers and sell them to consumers. Most clothing retailers sell goods from one or more retail stores and often operate an online portal. Accessory sales are also covered.
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SIC 47.71 - Clothing Retailing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Social media trends drive clothing sales. A rise in online posts and influencer marketing on platforms like Instagram and TikTok is pushing up demand, especially among the yo...
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Fierce online competition hits women's clothing sales. As women's fashion evolves, online retailers and clothing rental platforms are rapidly drawing customers away from trad...
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London's prosperity and diversity lure clothing retailers. The city's dense population, young demographic, high disposable income and strong tourist footfall combine to creat...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price and product range are key. Shoppers demand good value for money and variety, so clothing stores work to ensure competitive pricing and a diverse selection of goods to a...
Learn about the performance of the top companies in the industry.
Tight disposable incomes give Primark a boost. The company’s low prices mean it’s likely to perform particularly well thanks to tightening household budgets.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Sales laws bind clothing retailers. They have to ensure they’re supplying products that are safe, fit for purpose and as described and they must abstain from deceptive or hig...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Clothing retailers face declining returns. Heightened price competition, the rise of sustainable fashion and a shift toward second-hand or rented clothing are applying downwa...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Clothing Retailing in the UK industry in United Kingdom is £47.2bn in 2024.
There are 10,202 businesses in the Clothing Retailing in the UK industry in United Kingdom, which has declined at a CAGR of 2.0 % between 2019 and 2024.
The market size of the Clothing Retailing in the UK industry in United Kingdom has been declining at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Clothing Retailing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Clothing Retailing market in United Kingdom are Primark Stores Ltd, Next Group plc and Industria de Diseno Textil SA
Women's clothing and Men's clothing are part of the Clothing Retailing in the UK industry.
The company holding the most market share in United Kingdom is Primark Stores Ltd.
The level of competition is high and steady in the Clothing Retailing in the UK industry in United Kingdom.