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General data

Population: 64.5 mio
Labor force: 33.0 mio
Unemployment rate: 6.3%
GDP per capita (PPS): 46,297 dollars

Market share of the fashion industry: 6 percent
Domestic market value of the fashion industry: 66 billion pounds

Employment in fashion-related industries: 555,000

  • Retail sale of clothing: 414,000
  • Retail sale of footwear and leather goods: 59,000
  • Wholesale of clothing and footwear: 43,000
  • Manufacture of wearing apparel: 34,000
  • Manufacture of footwear: 5,000

 

 

Currently around 555,000 people are employed in fashion, textiles and fashion retail in the United Kingdom. Most jobs in fashion related industries are in the retail sale of clothing. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 percent, 59,000, employers work within this sector. Another 8 percent, 43,000 employers, work in the wholesale of clothing and footwear. With respectively 34,000 en 5,000 positions, 6 percent and 1 percent, the least amount of jobs are in the manufacturing of wearing apparel and the manufacturing of footwear.

Fast-fashion retailer Next Plc is the largest fashion company in the United Kingdom, based on its market value of 8.15 billion pounds. Next is mostly active in retail market in the UK, where is makes most of its 4.0 billion pound of annual sales. Only a small part, 2 percent, of Next’s’ revenue comes from international retail.

Retail giant Marks & Spencer is number 2 in the Top 10 largest fashion companies in the UK. It is currently valued over 7 billion pounds and has annual sales of 10.3 billion pounds. Whereas its UK food division is ever expanding, Marks and Spencer’s fashion and UK general merchandise sales have been declining for the past years.The UK still accounts for 89 percent of the total sales, although its international presence is increasing, especially in food. Because of the declining fashion and general merchandise sale Marks and Spencer is facing a continuous downfall in market value. 

With a market value of  5.9 billion pounds, the Arcadia Group is the third largest UK Fashion company. The Arcadia Group is the parent company of retail chains Topshop and Topman. The company is not publicly traded and it is therefore harder to sell a share of it. Meaning that the company is valued around 30 percent less than similar competitors, such as Next Plc. Topshop and Topman are currently expanding internationally; this leads to a growth in revenue. Arcadia’ current annual revenues are at 2.1 billion pounds.

Iconic fashion brand Burberry is the UK’s 4th largest company. The brand has a market value of 5.8 billion pounds. With revenues of around 2.5 billion pounds, the brand still proves to be valuable as of today.

Rounding off the Top 5 is another UK-based fast-fashion retailer, New Look. This company is privately held and currently valued at 4.4 billion pounds (FashionUnited BI estimate). It’s annual sales reached just over 1.5 billion pound by 2015.

The second half on the Top 10 largest fashion companies in the UK consists of ASOS, Sports Direct, JD Sports, Kurt Geiger and House of Fraser.

ASOS is valued at 2.9 billion pounds and has annual sales of 1.15 billion pounds. Sports apparel and footwear retailers Sports Direct and JD Sports have annual sales of respectively 2.8 billion pounds and 1.5 billion pounds, and are valued at 2.3 billion pounds and 2.2 billion pounds. Kurt Geiger reached sales of 1 billion pounds last year and is now valued around 1.8 billion pounds. Department store House of Fraser remains in the hands of private investors. With annual sales of 1.5 billion pounds, the company has a market value of 1.7 billion pounds.

 

In million British Pounds
In percentage

Exports of textiles and clothing: 6.5 billion pounds

Women’s suits, not knit: 512 million pounds, 8 percent
Synthetic filament yarn: 366 million pounds, 6 percent
Sweaters, pullovers, sweatshirts, etc.: 341 million pounds, 5 percent
Used clothes and textiles: 310 million pounds, 5 percent
T-shirts: 298 million pounds, 4.5 percent
Men’s suits, not knit: 248 million pounds, 4 percent
Women’s overcoats, not knit: 223 million pounds, 3.5 percent

Exports of footwear and headwear: 1 billion

Footwear, with leather body: 531 million dollars, 53 percent
Footwear, with textile body: 142.5 million dollars, 14 percent
Other footwear of rubber or plastics: 142 million dollars, 14 percent
Other headgear: 62 million dollars, 6 percent
Other footwear: 42 million dollars, 4 percent

 

Imports of textiles and clothing: 24.3 billion pounds

Women’s suits, not knit: 2.7 billion pounds, 11 percent
Sweaters, pullover, sweatshirts, etc.: 2.3 billion pounds, 9 percent
T-shirts: 2.05 billion pounds, 8 percent
Men’s suits, not knit: 1.8 billion pounds, 7 percent
Women’s suits: 1.3 billion pounds, 5 percent
Women’s shirts, not knit: 793 million pounds, 3 percent
Men’s shirts, not knit:744 million pounds, 3 percent
Women’s overcoats, not knit: 701 million pounds, 3 percent
Panty hose, tights, stockings, socks and other hosiery: 694 million pounds, 3 percent

Imports of footwear and headwear: 5.4 billion pounds

Footwear, with leather body: 2.5 billion pounds, 47 percent
Footwear, with textile body: 1.0 billion pounds, 19 percent
Other footwear of rubber or plastics: 941 million pounds, 18 percent
Other footwear: 176 million pounds, 3 percent

General data

Population:  506.85 million
Labor force: 247.0 million
Unemployment rate: 9.4%
GDP per capita (PPS): 25,680 pounds

Market share of the fashion industry: 5 percent
Market value of the EU fashion industry: 295.6 billion pounds
Turnover of the textile clothing industry: 131.2 billion pounds

Annual investment in the textile an clothing industry: 3.4 billion pounds
Annual investment in clothing: 1.1 billion pounds
Annual investment in textiles: 2.1 billion pounds
Annual investment in man-made fibres: 0.2 billion pounds

 

Currently 1.63 million people are employed in the textile and clothing industry.. Most of these employees, 1 million people, are employed in the production of clothing and managing clothing companies. The remaining 614,000 work on textiles and man-made fibres.

Number of companies in the textile and clothing industry: 172,755

Among these companies 119,960 companies can be addressed to as clothing companies, 52,926 are textile companies and the remaining 80 companies work on man-made fibers.

The total turnover of these companies is 131.2 billion pounds. Nearly half of this turnover is related to textile companies, these contribute 63.5 billion pounds. Another 60.0 billion pounds is related to clothing companies and the remaining 7.7 billion pounds is related to man-made fibre-making companies.

A couple of European countries, such as Italy, France and Spain are well-known for their renowned fashion conglomerates. The largest fashion company in Europe is Inditex. This Spanish company owns brands like Zara, Pull&Bear and Stradivarius. Inditex is valued over a 71.5 billion pounds and its 2015 annual revenue was 16.5 billion pounds. Inditex has stores is every major city in Europe, which also accounts for the majority of the company’s revenue.

Europe’s second largest fashion player is LVMH, Louis Vuitton Moët Hennessy, a French luxury conglomerate. LVMH’s annual revenues reached 28.3 billion pounds in 2015 and the company is currently valued around 59.5 billion pounds. The company operates a chain of independent stores and shops-in-shops for fashion brands such as Louis Vuitton, Fendi and Dior. LVMH does not only stand for high-end fashion, but provides for every aspect of a luxury lifestyle, from champagne (Moët) to sailing yachts (Royal Van Lent).

Swedish fast-fashion giant H&M is Europe’s third largest fashion company. H&M reached annual net sales of 210 billion Swedish Krona (18.0 billion pounds) in 2015, which has set its current market value to 390 billion Swedish Krona (33.3 billion pounds). Currently, Germany is the the company’s biggest market and accounts for 17 percent of H&M’s total sales. Other large European markets are the United Kingdom with 8 percent, France with 6.5 percent and Sweden with 4.5 percent. The United States (12 percent) and China (5 percents) are H&M’s largest international markets.

Other large fashion companies in Europe that round off the Top 5 are the french Hermès, with a market value of 25.4 billion pounds and annual revenues of 3.8 billion pounds, and the swiss Montres Tudor (Rolex), with a market value of 24.6 billion pounds and estimated annual revenues of 5.8 billion pounds. Montres Tudor is the only privately held company in the Top 5 largest fashion companies in Europe.

In million British Pounds
In percentages

Annual expenditure on clothing: 248 billion pounds
Annual expenditure on footwear: 56 billion pounds

Exports of apparel and textiles: 34.1 billion pounds

Exports of clothing: 17.4 billion pounds
Menswear export value: 4.0 billion pounds
Womenwear export value: 6.95 billion pounds
Baies wear export value: 175 million pounds
Other clothing and accessories export value: 6.3 billion pounds

The main clothing customers make up for 54.6 percent of the total clothing exports. Switzerland is the largest customer taking 2.6 billion pounds in apparel, which is 15.7 percent of the total European textile exports. Russia takes 2.5 billion pounds, 15.2 percent, and is therefore the second largest customer. The customers that round up the Top 5 export clients are the United States with 1.8 billion pounds (11 percent), Hong Kong with 1.1 billion pounds (6.5 percent) and Japan with 1 billion pounds (6 percent).

Exports of Textiles: 16.8 billion pounds
Natural fibers export value: 675 million pounds
Man-made fibers export value: 675 million pounds
Yarns & Threads export value: 1.5 billion pounds
Woven fabrics export value: 4.7 billion exports
Knitted fabrics export value: 1.2 billion pounds
Technical textiles export value: 4.2 billion pounds
Other textiles export value: 2.2 billion pounds

The main textile customers make up for 40.5 percent of the total textile exports. The United States is the biggest customer taking 1.9 billion pounds in textiles, which is 11 percent of the total European textile exports. China takes 1.4 billion euros, 8.5 percent, and is therefore the second largest customer. The customers that round up the Top 5 export clients are Turkey with 1.3 billion pounds (8 percent), Switzerland with 1.1 billion pounds (7 percent) and Morocco with 1 billion pounds (6 percent).

 

Imports of apparel and textiles: 79 billion pounds

Clothing: 58 billion pounds
Menswear import value: 14.5 billion pounds
Womenswear import value: 20.3 billion pounds
Babies wear import value: 1.75 billion pounds
Other clothing and accessories import value: 21.4 billion pounds

The European Union imports most of its clothing from 5 suppliers, with China being the largest. A near 40 percent of the European imports come from China. Bangladesh supplies 14.5 percent of the European clothing imports. Another 13 percent of the supplies come from Turkey and respectively 6 and 3 percent come from India and Morocco.

Imports of Textiles: 21 billion pounds
Natural fibers export value: 1.3 billion pounds
Man-made fibers export value: 1.0 billion pounds
Yarns & Threads export value: 2.9 billion pounds
Woven fabrics export value: 4.2 billion exports
Knitted fabrics export value: 1.0 billion pounds
Technical textiles export value: 4.4 billion pounds
Other textiles export value: 834 million pounds

The European Union imports most of its textiles from 5 suppliers, with China being the largest. About 31.5  percent of the European imports come from China. Turkey supplies 17 percent of the European textile imports. Another 9 percent of the supplies come from Turkey and respectively 8 and 4 percent come from Pakistan and the United States.