The fashion industry is declining in the United Kingdom. Sales volumes fell 0.8% last year, and they’re on-target to fall another 0.5% this year. Instead of spending money on clothing, women today are more inclined to buy experiences, spending quality time with friends and family at the pub, a coffee shop, or the gym. Personal income is also decreasing; a Resolution Foundation study found persons aged 25 and born around 1980 were earning 13% less than people born in 1970 when they were that age. Spending on apparel has shifted from the midmarket to vendors of bargain clothing made in China, online second-hand stores, and luxury department stores that sell prestige as well as clothing. England’s largest apparel store, Marks & Spencer, just announced it would close another 100 stores, its issues being industry-wide. Factors squeezing the retailers that used to dominate Britain’s apparel market include higher business taxes, commercial property taxes, online shopping, inflation, and Brexit.