Clothing & Footwear Retailing in the UK, Market Shares, Summary and Forecasts to 2021
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Clothing & Footwear Retailing in the UK
Overview
The clothing & footwear sector is forecast to reach £61.8 billion by 2021, growing at a CAGR of 2.8% during 2016-2021. Inflation will be a factor driving growth as retailers pass on the rising input prices caused by the weakening pound. Menswear is a bright spot for growth as more men become interested in fashion and their appearance.
Apparel specialists have the highest value share of 57.8% in 2016, but will lose share of spend. On the other hand online will register a CAGR of 10.8% to reach £20.1bn by 2021 and penetration of 32.4%, taking a third of the market. The sector is highly competitive and mass middle market retailers that traditionally led the market, such as M&S, Next and the Arcadia Group, have seen market shares being whittled away by new competitors as the sector polarizes.
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Major Companies mentioned
Marks & Spencer
Next
Primark
ASDA
TK Maxx
JD Sports Fashion
Clothing & Footwear Retailing in the UK Major Outlook
Stronger growth forecast, but inflation a key factor
- Clothing & footwear to grow at an improved rate during 2016-2021
- Online to account for one in every three pounds spent in the sector by 2021
- Traditional mid market leaders being challenged
- Top ten retailers accounted for a share of 40.2% in 2016
- All top 10 retailers fall in the value and mass market segments
- Menswear outperforms overall clothing sector growth
- Footwear sales to register consistent recovery in growth
Clothing & Footwear Retailing in the UK - Competitive Analysis
Key players are making innovative developments in Clothing & Footwear Retailing in the UK. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Scope
In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
- The report also details major retailers in clothing and footwear category group with their product proposition analysis and market positioning in 2016 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories in clothing and footwear sector
- Qualitative and quantitative insights of changing retail dynamics in clothing and footwear sector
.Continued
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Posted by
Vivian Dsena
on Wednesday March 28 2018, 2:00 AM EST.
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