英国零售业：截至4月27日的12周英敏特数据显示服装销售额同比增长1.4%；玛莎增长11.5%，Primark增长3.1%，Next增长2%

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [1]. Core Insights - The UK clothing market experienced a year-over-year growth of +1.4% for the 12 weeks ending April 27, compared to +0.9% in the previous period [1]. - Notable performers include M&S with +11.5% growth, Primark at +3.1%, and Next at +2% [1]. - Zara led with a remarkable +16.1% growth year-over-year, while H&M reported +8.9% [1][4]. Summary by Relevant Sections Market Performance - The UK clothing market's growth of +1.4% year-over-year is an improvement from +0.9% in the prior 12 weeks [1]. - Pre-COVID comparisons show a +3.3% growth stack versus +4.5% previously [1]. Company-Specific Performance - Primark: Achieved +3.1% year-over-year growth, a recovery from -0.2% in the previous period. Market share increased by +11 basis points to 6.7% [4]. - M&S: Reported +11.5% growth, up from +8.8% in the previous period. Market share rose by +99 basis points to 11% [4]. - Next: Recorded +2% growth, with market share increasing by +6 basis points to 9.3% [4]. - Zara: Achieved +16.1% growth year-over-year, with a pre-COVID growth of +78.9% [4]. - H&M: Reported +8.9% growth year-over-year, with a pre-COVID growth of +4.4% [4]. Future Projections - Forecasts for Inditex suggest a +5.1% growth in 1Q26E, while H&M is expected to see +1% growth in 2Q25E [4].