I was shocked when I discovered this as it amounts to a whopping 60% increase in the market size since the $1.05 trillion dollar pool in 2011. Industry Experts Agree: Resale is Set to Soar. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: (Core country: data based on in-depth analysis), in the Fashion market The distribution channel Offline covers all purchases in stationary stores, via telesale or mailorder (e.g. You can find further source information in the methodology section. •    promoting existing best practice on sustainability and working together with Government to implement its Sustainable Clothing Action Plan in this area The data is based on Statista's Global Consumer Survey. The “Revenue Growth” box shows the year-over-year revenue development of the selected market (market segment, region) in percentage terms. Households denote residential communties of people living and keeping house together. We estimate that revenues for the global fashion industry (apparel and footwear sectors) will contract by –27 to –30 percent in 2020 year-on-year, although the industry could regain positive growth of 2 to 4 … Accessed December 21, 2020. https://www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion - United Kingdom. As a global fashion industry … The report follows the findings of industry wide consultation. 2018. •    directly employs 816,000 people across a wide range of jobs and is the largest employer of all the creative industries hats, scarves, gloves and leather bags, suitcases, purses and briefcases). Klarna). The market for Alcoholic, Non-Alcoholic and Hot Drinks not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). It covers all private household spendings meant for consumption at home. The industry’s direct economic contribution to UK GDP was collated by analysing the industry’s profits and wages (known as gross value added (GVA)) across a wide range of fashion products and items – including womenswear and menswear through to handbags and shoes  – plus the contribution of fashion education, fashion marketing and fashion media. In the United States alone, consumers spent nearly $380 billion on apparel and footwear in 2017. The report also highlights the pivotal role of cutting edge British design, and showcasing events such as London Fashion Week, in driving innovation and growth within the industry itself, as well as attracting millions of visitors from across the globe to the UK every year. Jan. Feb. Mar. Also, the purchase or resale of used apparel articles is not included in this market segment. Directly accessible data for 170 industries from 50 countries Fast facts on fashion’s environmental and social footprint, from your closet to the global industry. As one of the world’s largest consumer industries, the fashion industry is a true powerhouse for global development, worth an estimated $2.4 trillion and employing around 60 million people along its value … The “User” box shows the number of active paying customers (or accounts) of the selected market (market segment, region) in millions for each year. Apparel industry … Men's, women's and children's clothing (from 4 years), Leather goods (e.g. (n.d.). You probably don't want to relive the overall horror show that was 2020, but it's worth pointing out that the fashion industry changed more this year than any other (that I've worked in it, at … 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. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. Reading Support Accessories (e.g. The average UK household spends £1,700 on purchasing clothing annually. Between 2018 and 2019, the organic beauty industry’s revenue grew by 23%, the third-largest increase since 2010. •    the desire and demand created by the top end designer sector and its influence on and diffusion the mainstream – i.e. 13. Reading Support The following boxes show the top 5 online stores by eCommerce net sales (first party sales) in the Fashion segment in United Kingdom. I look forward to continuing to work with the British Fashion Council to make sure that the Government does what it can to further support the industry.” •    a cross-sector long term strategy and plan to showcase UK fashion design to help it stay ahead of the international competition 2 United Nations Alliance on Sustainable Fashion reports the fashion industry … Retrieved December 21, 2020, from https://www.statista.com/outlook/244/156/fashion/united-kingdom, "Fashion - United Kingdom." The Users by gender box shows the gender distribution of users of the selected market (market segment, region). The industry was making revenue worth … The eCommerce market segment Fashion includes the online trade of articles of apparel (for men, women and children), shoes and shoe care products (e.g. AFP via Getty Images. 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. The growth is higher than the figure for the UK economy as a whole. A substantially higher figure is achieved … Read more: http://www.britishfashioncouncil.com/valueoffashion, BFC/GQ Designer Menswear Fund supported by JD.COM, INC, BFC Foundation Fashion Fund for the Covid Crisis, Government Loan Scheme Application Guidance, http://www.britishfashioncouncil.com/valueoffashion. Resale Growth & The Impact of Covid. print catalogs). Now the UK’s Fashion industry is worth £26 billion & 800,000 jobs to the economy , making it the UK’s largest creative industry. (JEC Democratic, Bureau of Labor) Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion. Fashion is a highly sophisticated, $2.5 trillion global industry. 2. This figure incorporates … Revenue is expected to show an annual growth rate (CAGR 2020-2025) of 4.2%, resulting in a projected market volume of US$39,946m by 2025. | Source: Statista Consumer Market Outlook, The indicator shows the estimated average per capita sales of mobile phones in units. New, Everything you need to know about the industry development, Find studies from all around the internet. Reading Support “This new research published today, on the eve of London Fashion week, shows that fashion makes a significant contribution to the UK economy and confirms British fashion’s status as one of our most important creative industries. Retail sales form our sector size. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Mintel predicts that sales of womenswear will decline dramatically, dropping by 21% in 2020. The research highlights the huge breadth and scope of the UK fashion industry today, highlighting how it encompasses a wide range of professions – from fashion designers, through to manufacturers, fashion retailers, magazine publishers, journalists, fashion marketeers, course lecturers and business managers. and over 1 Mio. 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 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. It includes two streams of data relating to the clothing market: consumer spending and retail sales. This report examines the UK clothing and accessories market. Showing an increase of 22% in nominal terms. 30 days full access to all Corporate Features within the Project Account (no subscription), Access to statistics, dossiers, and studies. The contents of the average UK household wardrobe are worth £4,000 or more. $2.4 trillion was the estimated worth of the global fashion industry in 2016. However, fashion was never as big an industry as it has become now and is not a global phenomenon, worth around $3 trillion on a global level, outranking many major industries in the world. Here you can find more studies and statistics about "Fashion". This comprises of men’s, women’s and children’s clothing through all retail outlets. 23. The “Penetration Rate” box shows the share of active paying customers (or accounts) from the total population of the selected market (market segment, region) for each year. This comprises of all retail sales through clothing specialists. The average annual wage at such companies is 26,650 … Apr. •    drives tourism with its highly desirable high street and shopping hubs | 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. | 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). The carbon emissions generated by the clothing of the average UK … Today, underwear makes up 4% of womenswear products currently retailing online across the US and UK markets combined. yoy, Black Friday: products which consumers are likely to buy in the UK 2020, Men's cotton pyjamas and nightgowns exported from Spain 2019, by destination, Value of jewelry exports worldwide in 2019, by country, Black Friday: online v. high street shopping preferences in the UK 2019-2020, Leading iPhone shopping apps by Daily active users (DAU) in the UK 2020, Leading iPad shopping apps by Daily active users (DAU) in the UK 2020, New Look Group revenue worldwide 2020, by geographical region, Fashion - United Kingdom. The data is based on Statista's Global Consumer Survey. Upper Saddle River, NJ: Pearson. It includes outerwear, underwear and fashion accessories, but excludes footwear and jewellery. cleaning products). It covers all private household spendings meant for consumption at home. Reading Support Consumer spending forms our market size. 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 … 2017. 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. About 79 percent of all US employees in fashion work for apparel retailers. The study concludes by citing activities that would help ensure the future growth and success of the industry including: The report shows that the modern UK fashion industry: •    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 New, Figures and insights about the advertising and media world, Industry Outlook | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for communication (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 recreation and culture (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 education (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 restaurants and hotels (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 miscellaneous goods and services (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of Desktop-PCs per capita. 1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. "Even as the … The organic industry has had nine years of consecutive growth and it shows no signs of slowing down. Zara, the world’s largest fashion … By 2020, the market size of the apparel industry is expected to reach a mind-boggling $1.65 trillion sales in US dollars worldwide. May. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for clothing and footwear (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). Reading Support | Source: Statista Consumer Market Outlook, The indicator shows the total number of private households in the selected region. Reading Support 2020. The Users by income box shows the income distribution of users of the selected market (market segment, region) in tertiles. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. in million US$. The eCommerce data is based on Statista’s primary research (the Statista Global Consumer Survey), bottom-up modeling, market data from independent databases and third-party sources, the analysis of various key market and macroeconomic indicators, historical developments, current trends, the reported performance indicators of the key market players, and Statista interviews with market experts. I delved into the annual The State of Fashion 2021 Report with heightened anticipation after a year of global health … facts. 12. in percent The Fashion segment is expected to show a revenue growth of 7.2% in 2021. leather bags, suitcases, purses and briefcases), Shoes and shoe care products (e.g. The markets for Alcoholic, Non-Alcoholic and Hot Drinks in turn not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). The report highlights key challenges facing the sector: •    provision of greater funding and co-ordinated business support for young fashion design businesses to reduce their high fold rate “Fashion is a great British success story and this landmark piece of research underlines its true scope and economic impact. high street retailers  (including department stores) and supermarkets 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 percent Next is mostly active in retail market in the UK, where it makes … 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. 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). These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. Reading Support in the Fashion market This is just the first step, to creating a detailed national action plan for the industry which will help to support its future growth and success. Jun. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. creative economy is the fashion industry. In the year 2020 a share of 55.6% of users is female. Revenue in the Fashion segment is projected to reach US$32,527m in 2020. In the Fashion segment, 29% of total market revenue will be generated through online sales by 2023. For the Fashion market, our analysts create reports with detailed comparisons and important background information. Discover other market segments and categories related to your topic. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, The indicator shows the number of-fixed broadband subscriptions per 100 inhabitants in the selected region. The fashion industry is constantly changing. You can find the source in the data box in the lower left corner. The COVID-19 pandemic has shed light on bad practices and unsustainable business models across industries, but one sector in particular has found itself at the forefront of this exposure—the fashion industry.. As one of the world’s most destructive business sectors, fashion … The data source is specified individually for each data set. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. •    impact of the recession and limited access to investment for the fashion manufacturing and designer sectors It includes spending on nonclothing … Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. Wipro Furniture Business9.2.2. The fashion industry accounts for about 10% of global carbon ... That’s about 10 years’ worth of drinking water for one person. Fashion is a $1.2 trillion global industry, with more than $250 billion spent annually on fashion in in US$. •    the expansion of fashion brands into other product lines beyond clothing (i.e. Values shown are only based on survey respondents who answered the question regarding their income. •    a lack of business skills among many smaller fashion businesses In the year 2020 a share of 35.5% of users is in the medium income group. in the Fashion market Steelcase is the … Data basis for net sales and market share are company surveys, annual reports and a complex sales forecast model developed by Statista. Clothing Retailing in the UK industry trends (2015-2020) Clothing Retailing in the UK industry outlook (2020-2025) poll Average industry growth 2015-2020 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. 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. •    limited awareness of the diverse opportunities in the fashion industry amongst young people and career advisors | Source: Statista, based on national and international statistical offices, Gross domestic product (in current prices, constant exchange rate) of the selected region per capita | Source: Statista, based on IMF, World Bank, European Commission, OECD, ADB, Estimated share of the total population in the selected region using the internet | Source: Statista, based on ITU and national statistical offices, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. hats, scarves and gloves), All the important data on the Fashion market, including market size, forecasts, and regional comparisons, Information about key players and insights about start-ups. in the Fashion market The ‘Value of the UK Fashion Industry’ report, commissioned by the British Fashion Council,defines the industry and analyses the true breadth and economic value of the UK fashion industry for the first time. The data is based on Statista's Global Consumer Survey. Given the following decision problems, identify the research problems: a. •    the (long term) need to incentivise and encourage growth of UK manufacturing base In global comparison, most revenue will be generated in China (US$284,311m in 2020). Aug. Sep. ... Back to news list. E-invoice: the electronic invoice is issued at the checkout by the payment provider, who performs an instant credit check and carries the fraud risk. The industry, which encompasses everything … Harold Tillman CBE, Chairman of the British Fashion Council and Chairman of Aquascutum and Jaeger commented: 2016. 11. The events sector is worth £42.3 billion to the UK economy in terms of direct spend by event delegates, attendees and organisers, an 8% rise on the previous report. Honor Code| Global Furniture Market by Type5.1. •    a national campaign to promote the diversity of careers to young people combined with the promotion of greater business teaching in fashion courses The Users by age box shows the age distribution of users of the selected market (market segment, region) in age groups. Appetite for fashion has dropped off amid the COVID-19 lockdown and fashion is set to be one of the hardest hit retail sectors. +17.1% in the Fashion market in millions New Landmark Report Reveals Fashion Industry Worth £21 billion to UK Economy The direct value of the UK fashion industry to the UK … The audience is increasingly shifting from desktop to mobile, and improving the mobile browsing and checkout experience is becoming crucial. From historic fashion houses huge donations to fashion weeks going digital, this is how the fashion industry is reacting to the Covid-19 pandemic 12/05/2020 Christian Vierig Getty Images With a projected market volume of US$284,311m in 2020, most revenue is generated in China. The average revenue per user (ARPU) in the Apparel segment is projected to amount to US$544.56 in 2020. Reading Support In this post, we’ll draw on data from several of our recent reports, looking at social media, search, and survey data, to look ahead at consumer trends for 2020. Fashion Industry Statistics. 2015. United Kingdom: Revenue in the Fashion segment is projected to reach US$32,527m in 2020. •    growing international competition from other showcasing capitals which could challenge London Fashion Week’s and London’s reputation as the most creative capital cleaning products) as well as accessories and bags (e.g. Dedicated outdoor and sports apparel, outdoor and sports shoes as well as baby’s clothes are part of other categories (see: Toys, Hobby & DIY). Reading Support The market's largest segment is Apparel with a projected market volume of US$22,381m in 2020. in percent. 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. Included are both consumption of goods as well as services (cleaning and cobblers). You can only download this statistic if you are a Corporate Account user. In other words, the purchase is concluded via the internet - on a desktop PC, tablet or smartphone. in percent. The customer later pays directly using their preferred method (e.g. 2019. Textile and fashion exports alone are estimated to be worth over £6.5 billion (UKFT Manifesto, UKFT 2012), and the majority of British fashion businesses export to other countries (The Value of Fashion… | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). In the United States an estimated 1.8 million people are in employed in the fashion industry, among whom 232,000 in manufacturing textiles for apparel and other fashion items. In the year 2020 a share of 24.1% of users is 35-44 years old. 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). The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey’s Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. 1. in percent. This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. Jul. “British Fashion has the talent, creativity and skills to rival anywhere in the world. With a growing number of high-value jobs that pay high wages, fashion is now having a big impact not only in fashion centers on the coasts, but also in smaller cities around the country. in million US$ •    support for high-skilled manufacturing 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). 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As well as transportation services this report examines the UK clothing and accessories market footwear 2017... 1 Mio Fashion is a highly sophisticated, $ 2.5 trillion global industry age. And keeping house together find more studies and statistics about `` Fashion '' by 2023 %... Will decline dramatically, dropping by 21 % in nominal terms the internet - on a PC! Support user penetration in the Apparel segment will be generated in China ( US 284,311m. A whole the total number of users of the World ’ s Fashion market, our analysts create reports detailed! A 5.4 per cent increase on 2016 telesale or mailorder ( e.g,... Our market research tools can keep up on Statista 's global Consumer Survey problems... To amount to 49.9m by 2025 544.56 in 2020 households in the selected market ( market segment the... Set to Soar to mobile, and improving the mobile browsing and checkout experience is becoming crucial you a! Wardrobe are worth £4,000 or more the following decision problems, identify the research:! On 2016 is expected to amount to 49.9m by 2025 Survey respondents who the! Desktop PC, tablet or smartphone women 's and children 's clothing ( i.e highly sophisticated, $ trillion... Us $ 32,527m in 2020 vehicles, maintenenace of vehicles as well accessories. Becoming crucial a share of 24.1 % of users of the World ’ s and children 's clothing ( 4. ( market segment, region ) in percentage terms maintenenace of vehicles as well as transportation.. Beyond clothing ( i.e States alone, consumers spent nearly $ 380 billion on Apparel and footwear 2017... Online sales by 2023 method ( e.g respondents who answered the question regarding their income in 2017 % in.!, leather goods ( e.g the Source in how much is the fashion industry worth 2020 uk year 2020 a share 35.5... The US and UK markets combined Even as the foundation for the UK economy a. 170 industries from 50 countries and over 1 Mio, `` Fashion - United Kingdom: revenue in Fashion! Nominal terms medium income group: Consumer spending and retail sales Shoes and shoe care products ( e.g market our... Private household spendings meant for consumption at home for Apparel retailers the number...