The forecast for UK household expenditure on clothing and footwear indicates a steady uptrend from 2024 to 2028, with values rising from 1.29 to 1.34 thousand euros per capita. This represents marginal year-on-year increases, averaging around 1.15% annually over the forecast period. In 2023, the expenditure stood slightly lower, highlighting a modest yet persistent growth trajectory.
Future trends to watch for include:
- The impact of inflation and economic conditions on consumer spending power.
- Shifts in consumer preferences towards sustainable and ethical fashion.
- Technological advancements influencing retail experiences and purchase decisions.
