Whereas retailers like M&S and Primark are witnessing plunge in sales of general merchandise at stores as per the leading daily Financial Times, the ex-Chief Executive of Asda, Andy Bond will open 50 Pep & Co value fashion stores over the next 50 days. George Davies, the entrepreneur behind brands George at Asda and Per Una at M&S, and the store chain Next, is also considering a return to the UK market. Further, J Sainsbury is too expanding its clothing business.
Experts feel that overall UK clothing sector is growing, but only modestly. There are many challenges but few solutions.
