According to data from the Unleashed Manufacturers’ Health Index, sales for small and medium-sized clothing manufacturers in the UK decreased by 40 per cent in the first quarter of the year.
Inventory management software brand compiles a quarterly assessment of SME manufacturers in the UK. Unleashed and built on information gathered from more than 1,790 manufacturers’ purchases, sales, and stock movements during the previous six years. The manufacturing category with the biggest loss was apparel.
Nonetheless, the index also demonstrated a notable improvement in clothing’s year-over-year performance, with revenue rising by 14 per cent from the same time previous year.
The index also showed that e-commerce investors were seeing high returns on their investments.
Moreover, two-thirds (68 per cent) of UK businesses now use or have used a platform similar to Amazon, Shopify, or WooCommerce for online sales, indicating that they have expanded into B2C ecommerce as well.
