PESTEL analysis, business, clothing market, United Kingdom, fashion industry, market data, political policies, local brands, corona virus, economic stability, universities, celebrities, cultural factors, technology, e-commerce, ecology, greenhouse gas emissions, transportation, competition strategy
The UK's fashion industry is a big and well reputed one. In fact, aside from the fact that it hosts many clothing ceremonies or events, it also shows the place given to fashion in the country. For example, when we talk about London Fashion week and similar events, it reflects on the consideration awarded by the British government and public towards fashion. The actors of this industry in the UK are companies like Primark Stores Ltd, Next PCL, Arcadia Group Ltd, Inditex Group UK Ltd, etc.
Today, the average contribution of the fashion industry into the UK's economy is about 32 billion pounds.
[...] PESTEL analysis - The clothing market in the UK Introduction Presentation of the UK fashion industry The UK fashion industry is a big one and well reputed. In fact, aside from the fact that it hosts many clothing ceremonies or events, it also shows the place given to fashion in the country. For example, when we talk about London Fashion week and similar events, it reflects on the consideration awarded by the UK government and public towards fashion. The actors of this industry in UK are companies like Primark Stores Ltd, Next PCL, Arcadia Group Ltd, Inditex Group UK Ltd, etc. [...]
[...] This industry consumes more energy than the combined consumption of international aviation and shipping industries. This is really concerning for the UK, as 80% of buyers buy clothes that they never wear. The UK shoppers purchase more clothes than any other country in Europe. They are also responsible for sending around 300,000 tons of clothes a year to burning or landfills. » This is without considering how the means of transportation of such planes, cars release gases that pollute the air. [...]
[...] Lots of shows have helped fashion designers to be seen or known in the UK or even globally. We can mention Fashion start up, where talented fashion designers in need of money exposed their know-How. A network that allowed the UK fashion designers to get to the next level. Technology has helped the fashion industry to be loved, to be seen, to witness growth in the UK. To that, we can add the fact that we technology, buyers have the possibility of ordering the precise fashion they want for the items they are buying. [...]
[...] So, events like the BREXIT must be analyzed carefully before deciding because they have several repercussions on many fields and sectors within the country. Plus, the fashion industry can be influenced by politicians from the way they cloth to what they put on as clothes. These are two elements that impact strongly on the consumer's decision of buying or not. Also, fashion can be used by politicians to send a message. Reason why we sometimes see how politicians wear during propaganda period, by sending a specific message about their respective political parties. [...]
[...] On one side, the brands producing those clothing and accessories will surely be profitable since they are selling. However, for those brands to be seen and known in the society, buyers need to wear them. Wearing that fashion is an indirect publicity for the brands. Technological Like in any other industry, there is no doubt that technology has impacted considerably the fashion industry in the world in general and in the UK, to be specific. Nowadays, there are e-commerce almost everywhere while the famous ones are Amazon, e-Bay, etc. [...]
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