This report gives us an idea about the clothing market of United Kingdom especially the clothing retail market. It will give an in-depth analysis of Next Retail Ltd. This report focuses on how Next has been making strategic decisions and how they have been operating over the years. It also shows the current situation of Next and the recent development which could affect their future sales.
The clothing market of United Kingdom has been declining due to various factors. The clothing industry has been hampered by the companies which have spent a huge amount of money on high tech machinery which has led to efficiency in their production processes. Other companies have moved their production houses to countries like China and India however such companies make only reasonable profits. To gain a large amount of profits in such a saturated industry is difficult. It requires a lot of effort and knowledge.
If we segment the market into two major categories the two will be selling their own brands and other would be selling to third party wear. It is much diversified industry. It consists of various ranges like formal wear, sportswear, casual wear etc.