WOMENSWEAR MARKET
MARKET
SECTOR
The focal point of this trend
book is the luxury womenswear
market.
The UK womenswear
expenditure will see a 25.2
growth in the next five years,
as women remain to prioritise
clothes spending (Mintel, 2018).
Purchasing the highest amount
of clothing 16-24’s with 95%
which is significantly higher
than over 65’s at 91%
Social media research studies
from Econsultancy have found
that 80% of sales are influenced
by online activity.
AW 21/22
21/22
AW
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Mintel estimates that consumer
spending on clothing, footwear
and accessories in the UK will
rise 1.6% to £70.5 billion in 2019,
with spending on menswear
and womenswear buoying the
market (Mintel, 2019)
According to Forbes, today
Millennials, those born from
1978-1992, represent only about
32% of spending in the personal
luxury market, but by 2025 they
are expected to make up 50%
of the total market. In addition,
the global luxury market is
predicted to top £1.13 trillion by
2025. (Forbes, 2019)
AW 21/22