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Published by: Key Note Publications Ltd
Published: Aug. 1, 2009 - 124 Pages
Table of Contents
- Foreword
- Executive Summary
- Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- Garments
- Clothing Accessories
- MARKET TRENDS
- Online Fashion Sales Boom in the Economic Downturn
- Backlash Against ‘Fast Fashion’
- Recession Takes a Toll on the High Street
- ECONOMIC TRENDS
- Population
- Gross Domestic Product
- Inflation
- Unemployment
- Household Disposable Income
- MARKET POSITION
- The UK
- Overseas
- Market Size
- THE TOTAL MARKET
- BY MARKET SECTOR
- Garments
- Clothing Accessories
- OVERSEAS TRADE
- Industry Background
- RECENT HISTORY
- NUMBER OF COMPANIES
- EMPLOYMENT
- REGIONAL VARIATIONS IN THE MARKETPLACE
- DISTRIBUTION
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- Minimum Wage
- KEY TRADE ASSOCIATIONS
- British Apparel and Textile Confederation
- British Menswear Guild
- UK Fashion Exports
- Competitor Analysis
- THE MARKETPLACE
- MARKET LEADERS
- Alexon Group PLC
- Arcadia Group Ltd
- Austin Reed Group Ltd
- Bhs Ltd
- Debenhams PLC
- French Connection Group PLC
- H&M Hennes & Mauritz UK Ltd
- House of Fraser (Stores) Ltd
- Laura Ashley Holdings PLC
- Markerpost Ltd (New Look)
- Marks and Spencer PLC
- Matalan Retail Ltd
- Monsoon Ltd
- Moss Bros Group PLC
- Next PLC
- Oasis Stores Ltd
- River Island Clothing Company Ltd
- OTHER COMPANIES
- Grocery Multiples
- OUTSIDE SUPPLIERS
- MARKETING ACTIVITY
- Main Media Advertising Expenditure
- Exhibitions
- Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- Buying Behaviour
- CONSUMER PENETRATION
- Coats and Raincoats
- Jackets
- Trousers
- Sports Clothing
- Swim Wear
- T-Shirts and Polo Shirts
- Women’s Lingerie
- Jeans
- Current Issues
- THE ECONOMY
- April 2009 Clothing Sales Strongest Since 2006
- Recession Sparks Clothing Price War
- CORPORATE ACTIVITY
- Tesco Plans Own-Label Clothing Store
- Tesco’s Clothing Sales Revive
- Matalan Plans Expansion
- Zara Overtakes Gap to Become World's Largest Clothing Retailer
- ETHICAL STANDARDS
- [©UK Supermarkets' Ethical Clothing Standards are 'a Sham'
- The Global Market
- TOTAL MARKET SIZE
- EUROPEAN TRENDS
- US TRENDS
- Forecasts
- INTRODUCTION
- The Economy
- Demographics
- FORECASTS 2009 TO 2013
- MARKET GROWTH
- FUTURE TRENDS
- Market Segmentation
- Product Development
- Competitor Forecasts
- Company Profiles
- INTRODUCTION
- DEFINITIONS
- Turnover (Sales)
- Pre-Tax Profit
- Profit Margin
- Average Remuneration
- Sales per Employee
- FURTHER INFORMATION
- ALEXON GROUP PLC
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- ARCADIA GROUP LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- AUSTIN REED GROUP LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- BHS LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- HOUSE OF FRASER (STORES) LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- MARKS AND SPENCER PLC
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- MATALAN RETAIL LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- MARKERPOST LTD
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Code
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- NEXT PLC
- Previous Name(s) and Date(s) of Change
- Principal Activities
- SIC Codes
- Structure
- Brand Information
- Recent Developments
- FINANCIAL PROFILE
- Sales
- Profits
- Employees
- Balance Sheet/Ratios
- Further Sources
- Associations
- Publications
- General Sources
- Government Publications
- Other Sources
- Key Note Sources
- Key Note Ltd
- Clothing Retailing
- MARKET DEFINITION
- FACTORS AFFECTING THE MARKET
- MARKET TRENDS
- THE FUTURE
- Understanding TGI Data
- Number, Profile, Penetration
- Social Grade
- Standard Region
- Key Note Research
- The Key Note Range of Reports
AbstractThis Key Note Market Report examines the UK clothing retailing market, which encompasses women’s, men’s and children’s clothes, as well as clothing accessories. Consumer spending on clothing rose by just 10% between 2004 and 2008 — well below the 19.2% increase in overall consumer expenditure due to the fact that the price of clothing almost certainly fell during the period under review, while the price of many other goods, such as food, rose sharply. Year-on-year growth in clothing expenditure also experienced a decline in 2008, reflecting the impact of the UK recession with consumers becoming increasingly cautious as the year progressed.
According to Key Note estimates, supermarkets (notably ASDA, Sainsbury’s and Tesco) now account for more clothing sales than any other type of outlet. Supermarkets’ share of the clothing market increased from around 10% in 2000 to 23% in 2008, and this expansion is likely to continue as the major multiples devote increasing amounts of floor space to non-food items such as clothes. Supermarkets are particularly strong in the childrenswear sector, accounting for around a third of volume sales of school clothing and footwear.
Small independent retailers have been badly affected by the recession, having already been hit by the expansion of the supermarket chains. Even some larger chains, such as Woolworths, which sold a variety of children’s clothes including school wear, have succumbed to the economic downturn. Other victims include Ethel Austin, which went into administration in May 2008 (it was subsequently bought out of receivership), and Principles, which entered administration in March 2009. Meanwhile, chains such as Next and Debenhams have reported falling sales. The recession, which has sparked a price war among the major retailers, is likely to spur the process of consolidation in the industry.
The clothing market benefits from a large amount of direct advertising by retailers, which often use well-known names to advertise their wares; for example, Marks & Spencer has featured the former supermodel Twiggy and the musician and presenter Myleene Klass in its recent clothing advertising. The clothing industry also benefits from a great deal of hidden advertising in the form of fashion supplements in the press and clothing programmes on the television. The clothing market’s total main media advertising expenditure amounted to £56.7m in the year ending March 2009.
The recession is likely to result in very subdued sales growth in 2009, while an anaemic recovery is also likely to constrain sales in 2010. Value growth will also be depressed by intense competition and discounting among retailers. Key Note forecasts that sales growth will revive gradually between 2011 and 2013 as the economic environment improves, and the market is forecast to increase by an overall 18.6% between 2004 and 2013.
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