Data: Fashion stores to lose £15bn in sales by 2025
Clothing stores across the UK will lose almost £15bn in sales between now and 2025, according to stark forecasts set out in a new report.
Research by Retail Economics and multinational law firm Eversheds Sutherland predicted the accelerated shift to online shopping would result in a €17.6bn (£14.9bn) slump in sales at clothing stores across the next five years.
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