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Apparel is a valuable and voluminous market in Europe, with Germany and the United Kingdom sitting at the top. In the past ten years, market leader Germany’s textile and clothing retail generated ever-increasing revenue figures. Yet, as seen in this statistic, by 2022 apparel market in the UK is anticipated to expand, whereas Germany is forecast to slow down.

Runner-up promises growth

Together with footwear, the UK’s apparel market signals promising times ahead. Currently, the market sees fierce competition among established retailers, and e-commerce sales are worth mentioning as a game changer in this picture.

Russia’s comeback

In the European apparel market, Russia emerges as a major force with a bright outlook for 2022. The 2014 economic crisis had taken a toll on the country’s retail turnover volume, but since then the industry got back on track.