The Independent's journalism is supported by our readers. When you purchase through links on our site, we may earn commission.
The Fashion Budget: What you'll be buying this year and how much it's going to cost you
Research by Lyst reveals how will men and women spend their money on fashion this year.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.As George Osborne delivers the UK Budget today, new research predicts how and when we will be spending money in 2015.
The research by online fashion retailer Lyst reveals how much key purchases such as dresses, shoes, handbags and lingerie will cost in the next 12 months and when we'll be buying them.
The predictions are based on UK-specific averages across more than a million fashion products, over $100m (approx. £68m) annual sales, three million monthly shoppers and nine thousand partner brands and retailers.
Dresses
British women will spend 43% more on dresses this year than they did in 2014. The average amount of money spent on a dress has increased from £172 to £245 in the past 12 months.
Shoes
Men’s sport lux shoes currently cost around 25% more than designer high heels for women. Women are spending on average £245 on a pair of lux heels, while men’s sneakers by Balenciaga and Guiseppe Zanotti come in at more than £312 for a pair.
Jewellery
Good news for jewellery; prices will remain relatively flat in 2015. Women are spending only £1 more than the average £210 which women spent on necklaces.
Coats
Put aside at least £250 for November, which is the most popular month to buy a new coat. You’d probably want to recycle your old coats or invest in a timeless design this year as a coat will cost you 27% more than it did in 2014.
Handbags
If there’s something women don’t mind spending on it is handbags and the average value spend on one design is £248, with American labels such as Michael Kors, Tory Burch and Marc by Marc Jacobs gaining popularity. August seems to be the most popular month to browse bags online, but shoppers buy them the most from October onwards into the sales season.
Lingerie
British shoppers will spend 41% more on lingerie this year. Whether it’s a luxury gift or a well-deserved self-treat, £95 is the average cost for a luxury lingerie order right now.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments