Discount retailer Primark has surpassed Asda, Debenhams and New Look to become the UK ‘s fourth largest women’s clothing retailer. M&S, Arcadia and Next occupy the top slots. According to research consultancy Verdict Research’s preliminary figures, Primark’s market share in the women’s clothing market has grown to 3.6 percent as opposed to 2.7 percent last year. The retailer outperformed New Look, Debenhams and Asda, moving up from seventh place last year. Meanwhile, Marks and Spencer moved to 12 percent from 11.8 percent, remaining in the largest player. Arcadia also gained a few percentage points, from 8.9 percent to 9.2 percent. Only Bhs and Matalan lost market share.
On the other hand, fashion retailers experienced in a dramatic downturn in sales last week. Industry executives have blamed the volatile weather, the World Cup and comparatively strong sales last June for the double-digit drop last week.
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