WHO ARE THE WINNERS IN THE U.K. VALUE FASHION?

In 2016, the U.K. discount clothing market was worth €11.3 billion, i.e. about 24% of total fashion sales. According to Fung Global Retail and Technology, this has increased over the past 5 years by 3.4% (compound annual growth rate). In 2016, the largest players were Primark (annual sales of €3.4 billion in the U.K.), Asda (€2.5 billion) and New Look (€1.5 billion). As a result of the British Home Store (BHS) closure, their former customers over 45 have been snapped up by supermarkets...