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UK Womenswear Retailers 2009

Published by: Verdict Research Ltd

Published: Sep. 8, 2009 - 289 Pages


Table of Contents


CHAPTER 1 EXECUTIVE SUMMARY
Key findings
Womenswear expenditure will decline by £174m in 2009 ...
... despite inflation returning for the first time in a decade;
Value retailers' sales are boosted by trading down in recession ...
... but they must prepare post-recession strategies;
Midmarket retailers protect market share through investing in product to encourage trading up;
Consumer trends begin to favour quality, service and convenience;
The female population profile is ageing but women are maintaining a younger mindset, making fashion and design more important than ever;
Lifestyle retailers are meeting demand for design, service, and premium experience
Online growth slows but potential remains, particularly in value sector;
International expansion remains an important growth vehicle and requires substantial investment in distribution and logistics.
Main conclusions
Retailers forced to raise their game as expenditure declines
Womenswear expenditure will decline by £174m in 2009 ...
... despite inflation returning for the first time in a decade
Surviving retailers benefit from casualties
Recession provides welcome boost for value clothing retailers ...
... but they must prepare for post-recession market changes
Smaller lifestyle retailers build in popularity ...
... as market towns prove a bigger draw
And midmarket retailers begin to find ways of maintaining their market share
Consumer trends begin to favour quality, service and convenience ...
... as women maintain a younger outlook for longer
Online continues to offer opportunities, but growth becomes more challenging
Retailers must prepare for international expansion
CHAPTER 2 MARKET ANALYSIS
Market definition and analysis
First decline in womenswear expenditure in over 20 years
Clothing market spending trends
A shrinking clothing market
Womenswear in context of clothing market
More resilient than menswear
Womenswear spending trends
Inflation returns in 2009
Retail distribution
Clothing: grocers advance with mail order now in sights
Womenswear: department stores hold off grocers
CHAPTER 3 COMPANY DATA ANALYSIS
Clothing market shares
Grocers continue to grow share
Womenswear market shares
Matalan and Primark forge ahead in 2009
Winners and losers
Winners are value retailers except Debenhams in womenswear
Key operating statistics
Growth continues at a slower rate
Sales vs space growth
Specialists lose sales despite increasing space
Womenswear sales densities
Sales densities drop as space increases
Space allocation
Casualwear continues to dominate
Advertising media expenditure
Advertising spend cut in recession
CHAPTER 4 OUTLOOK
Drivers of loyalty
Older women want quality, service - young ones demand convenience
All women more price-conscious in recession
But price as a driver is still dependent on age
Recession increases its importance
Higher quality concerns
New shopping experiences
Female demographic opportunities
Ageing population profile
25-34s younger for longer - but time pressures increase
Women delay childbirth
Women feel younger for longer
These customers have a far broader set of range needs ...
... but are far more time constrained
45-54s demand more from their clothing
While the population is ageing, women's mindsets are not
Price less important as women get older, but remains a consideration
Many have more time on their hands
65+ broader set of needs
Not a homogeneous group
Price far less a driver
Shopping styles polarise towards each end of age spectrum
Quality and service increase in importance
Price inflation
Returns after a decade of deflation
Weak pound causes inflation to return in 2009
Market entrants
Fashion premium sector attracts interest
Retailer casualties - opportunities
Clothing and footwear most impacted by casualties
Opportunities for womenswear retailers
Maximise sales at store level
Contemporary womenswear offers largest opportunity
Consolidation in value sector
Online presence toughens
Key drivers of online success
Zoning helps to optimise online merchandising
Prevent shoppers from going elsewhere by cross-selling
Refining and categorising products can personalise the shopping experience
Innovation is essential in this marketplace
Social media and communication are essential
Opportunities remain for newcomers
Online opportunities
Declining store sales make online more enticing
Implications of online retailing
Cannibalisation of store sales will occur
Online and store sales will work hand in hand
International expansion drives growth
Retailers look elsewhere as UK becomes increasingly saturated
Franchises allow retailers to dip their toes in a new market
Expanding internationally is highly challenging ...
... but provides many opportunities
H&M good example
Retailers must prepare for international expansion
Outlook summary
Womenswear strategy overview
Recession impacts drivers of loyalty
Women choose a more pleasurable shopping experience
As the female demographic develops, requirements change
The return of inflation in womenswear
Fashion premium segment attracts new entrants
Increased saturation causes online market to become harder
International offers growth but requires investment to gain full benefits
CHAPTER 5 ARCADIA GROUP
Looks further afield for expansion
Recent key events
Sights set on world domination
International expansion high on agenda.
Sir Philip's media involvement will also support international growth
Celebrity collaborations key to Arcadia's strategy
Bhs and Arcadia to merge
Repositioning of brands
Propositions
Arcadia distances brands from value retailers
Financials
Suffers in recession
Erratic like-for-like sales performance
Sales to return to slight positive territory
Developing online offer
Space
Expansion through Bhs and standalones
Space allocation
Sector performance - womenswear
Space productivity declines
Market share set to stabilise
Outlook
Opportunities remain, but Arcadia must not spread itself too thinly
Merger will substantially boost market share
Relocation strategy will help manage costs ...
... but care needed with DP
International offers opportunities - but requires logistical support
Media plans will also support international growth
Wallis - short term opportunities but long term risk
Dorothy Perkins must stay focused on core customer
CHAPTER 6 ASDA
Improvements raise sales
Recent key events
New initiatives provide support for growth
George launches online
Coleen cut
Schemes to drive clothing sales
Refreshing George image
£30m to upgrade inline with M&S and Next
George HQ
Focus on non-food strengthens
Store innovations will increase competitiveness
Social networking aims to improve business transparency
Advertising reiterates brand image
New CEO for Wal-Mart
Asda reshuffles with new COO
Comprehensive George team
Proposition
Value proposition begins to attract a broader demographic
Financials
Trading performance provides positive outlook
Three years of sales growth recovery gets Asda back on track
Space
Expansion slows, with focus on Asda Living
Sales denisities step up
Space allocation
Sector performance - womenswear
Improved sales performance provides encouragement for 2009
Market share gradually increases
Outlook
Further developments will improve George's value fashion credibility
Investment in product quality was overdue
Rivals threaten Asda's clothing credentials
Improvements still to be made to clothing shopfits
Online offer needs to stay one step ahead
Asda Living stores will benefit George sales
Enjoyable experience
Moda and Boston Crew launches were wise moves
CHAPTER 7 DEBENHAMS
Wide price architecture works well in recession
Recent key events
Develops product offer
Focus on own brands to drive profits
Reduces other brands
And buys up Principles stock
Responds to price-conscious consumers needs
Reduction of debt
Corporate changes
Proposition
Broad brand portfolio attracts a wide customer base
Financials
Positive trading performance
Sales grow at slower rate
Debenhams Direct grows impressively
Space
Expansion of space has driven sales growth
Space allocation
Sector performance - womenswear
Womenswear continues to grow - albeit at a slower rate
Debenhams to win market share in 2009
Outlook
Differentiation key
Designers at Debenhams drive success
Broad customer base provides resilience in recession
Own brands continue to be a focus but concessions are still important
Debt reduction still an issue
Inflationary pressure
Debenhams differentiates well from competitors
CHAPTER 8 M&S
Market leader under fire
Recent key events
Devising a post-recession strategy
Marks & Spencer could do without succession distraction
Doing the right thing
Womenswear - scatter gun approach, or filling gaps?
Per Una loses identity
AW 2009 offers opportunity to recover share
Strategy to improve operations and grow market share
Greater efficiencies and cost cutting
125th anniversary marks change in marketing
Plan A core to marketing in 2009
M&S Direct heads for full multichannel operation
Proposition
Financials
Trading performance disappoints
Clothing drags down overall sales
Sales decline again in UK after three years of gains
Modest target for online sales
Space
Expansion of space key factor behind growth
Sales densities decline
Space allocation
Sector performance - womenswear
Sharp decline in sales and space productivity after three years of growth
Market share set to stabilise
Outlook
M&S size still dominates but it needs speedy execution of growth strategy
Marks & Spencer hit hard by consumer downturn
Clothing business underperforms competitors
Requires review of segmentation and targeting of ranges
Execution is key to delivering strategy
E-commerce is a major advantage for clothing
Profitability under pressure
International business can provide scale economies
Succession question is an underlying problem
M&S will be a market survivor but faces strengthening competition
CHAPTER 9 MATALAN
Renaissance for value retailer
Recent key events
Business improvements attract new customers
Online attracts new customers as well as higher average spend
Extending sub brands widens target market
Improved store experience reaps rewards
Advertising more low key
Middle East offers low risk expansion opportunity
Proposition
Financials
Like-for-like uplifts boost performance
Higher sales, better margin
Current trading highly encouraging
Space
Expansion on agenda again
Space allocation
Sector performance - womenswear
Gains share once more
Constant need to drive footfall to stores
Gains market share once more
Outlook
Strategy delivers growth and boosted further by recession
Matalan profits from recession - and its own strategy
Womenswear will benefit from holistic improvements
Online offers further growth opportunities
Driving footfall is key
CHAPTER 10 NEW LOOK
Strong value credentials maintain market resilience
Recent key events
Shapes up for global assault
Strengthens corporate structure
Global expansion priority
Invests in advertising
... using high profile celebrities to maintain fashion credentials
New brands widen customer base
Proposition
Widens price architecture with sub brands
Financials
Trading performance continues to impress
Space expansion and online drive sales growth
Online visitors increase rapidly
Space
Expands faster than sales
New Look continues aggressive space expansion internationally
Space allocation
Sector performance - womenswear
Womenswear sales continues to grow but at a slower rate
Market share grows consistently
Outlook
Competition with value end intensifies
New Look needs to justify price points through quality and design content
Key to grow customer base
New Look needs to review how it targets men
Office move could cause disruption
Exchange rates an increasing concern
CHAPTER 11 NEXT
Steps in right direction
Recent key events
A focus on range development helps the brand turn a corner
Strategies to reduce the impact of inflation
Increased markdowns from rivals will not tempt Next to follow suit
Launches ranges to entice new and existing shoppers
New sportswear
Expansion plans for Lipsy
The Directory benefits from online shopping trend
Proposition
Expanding ranges broaden appeal
Financials
Sales growth continues its decline
Despite a decline, operating margins remain high
Directory outperforms retail
Space
Growth in space slows, but larger sites are targeted
Space allocation
Sector performance - womenswear
2009 womenswear sales continue the declining pattern
Rivals compete for Next's market share
Outlook
Improvements still necessary to turn Next around
Runway collection must stand out from competition
Store refits need to be fashion-conscious too
Next must maximise its online potential
Branded offer needs further improvement
Range improvements add excitement to stores
More modern store formats encourage customers to return
Consistent pricing strategy will benefit Next
Tight stock management bodes well for the remainder of its financial year
Tight control protects profit
CHAPTER 12 PRIMARK
Opportunities remain abundant
Recent key events
Aims for more growth
Management change should cause minimal disruption
Reiterates ethical policy
Develops logistics
Proposition
Value fast fashion maintains appeal in recession
Financials
Strong growth continues into 2009 - albeit at slower rate
International space expansion continues to drive sales growth
Space
Primark continues with aggressive space expansion
Space allocation
Sector performance - womenswear
Growth of womenswear sales slows but is still commendable
Market share growth steadies - but Primark still threatens its womenswear competitors
Outlook
Primark well prepared for future growth
Recession plays into its hands
It needs to prepare for changing shopping habits post-recession
Better segmentation would target its large customer base more effectively
Online poses a growth opportunity
Investment in ethical issues will prove worthwhile
There are still great opportunities for Primark in the UK
CHAPTER 13 TESCO
Making progress in value clothing
Recent key events
Continuous initiatives to ride out of the recession on top
Investment in price cuts help sales recover
High expectations for online fashion
Re-launch refreshes the attraction of the Clubcard
The fight for freedom to expand isn't over yet
Tesco wins a round of the supermarket price wars
UK Cherokee sales suffer significant decline
International expansion continues to be a focus
Initial response to new underwear range positive
Proposition
Broad target market results in range lacking focus
Financials
Trading performance shows Tesco's ability to defy recession
Positive growth across sales and profit
Online sales growth is impressive despite hitting its lowest point
Space
Space continues to grow cautiously
Clothing sales densities fail to impress
Space Allocation
Sector performance - womenswear
Disppointing sales for womenswear with growth at a new low
Market share remains stable
Outlook
Tesco must raise its game in clothing
Tesco has lost its way in providing value clothing
Improvements in visual merchandising would help boost sales
Rises in inflation may not impact customers
Online clothing opportunity will close the gap on competitors
Online branded offer is ambitious
Sainsbury's is a looming threat
CHAPTER 14 TK MAXX
Buoyant through economic downturn
Recent key events
Building on strong foundations
Developing an infrastructure to support expansion
Central London targeted for new stores
Invests in technology to improve efficiency
Online presence eventually arrives
New face heads marketing
Proposition
Discounted brands appeal to price conscious customers in recession
Financials
Positive performance in a difficult climate
Operating margin improves despite new store investment
Space
As UK growth slows the Continent offers opportunities for expansion
Space allocation
Sector performance - womenswear
Sharp decline in sales growth in the last two years
Market share continues to grow
Outlook
Growth available from all angles
Expansion driven by European developments
Model attractive in the economic downturn
E-commerce opportunities would increase growth and market share
Customer base would grow from city centre stores
CHAPTER 15 SMALLER RETAILERS
Produce sales growth of up to 90.0%
Fat Face
Casual brand for stylish, active customers
Hobbs
Expands customer base
Jack Wills
Lifestyle brand for young, affluent customers
Reiss
Design, quality and service create exclusive feeling
Whistles
Targets younger audience
White Stuff
Feel of an independent store
Outlook
Differentiation key
CHAPTER 16 GLOSSARY
Financial Statistics - VAT
Trading Profile
Key Operating Ratios
Physical Development
Abbreviations
List of Tables
Table 1: Womenswear market definition 2009
Table 2: Clothing consumer spending trends 1999-2009e
Table 3: Clothing market spending trends 1999-2009e
Table 4: Womenswear consumer spending trends 1999-2009e
Table 5: Womenswear market inflation 2004-2009e
Table 6: Retail distribution of clothing expenditure 2008 and 2009e
Table 7: Retail distribution of womenswear expenditure 2008 and 2009e
Table 8: Clothing market shares 2004-2009e
Table 9: Womenswear market shares 2004-2009e
Table 10: Clothing retailers key UK operating statistics 2008/09
Table 11: Womenswear space allocation 2009
Table 12: Leading clothing retailers advertising spends 2003-2008
Table 13: Leading clothing retailers spends per media type 2008
Table 14: Arcadia Group company overview 2009
Table 15: Dorothy Perkins retail proposition 2009
Table 16: Evans retail proposition 2009
Table 17: Miss Selfridge retail proposition 2009
Table 18: TopShop retail proposition 2009
Table 19: Wallis retail proposition 2009
Table 20: Arcadia Group key operating statistics summary 2004-2009e
Table 21: Arcadia Group trading record 1999-2009e
Table 22: Arcadia Group store portfolio 2003-2009e
Table 23: Arcadia Group outlet numbers 2004-2009e
Table 24: Dorothy Perkins womenswear space allocation 2009
Table 25: Evans womenswear space allocation 2009
Table 26: Miss Selfridge womenswear space allocation 2009
Table 27: TopShop womenswear space allocation 2009
Table 28: Wallis womenswear space allocation 2009
Table 29: Asda company overview 2009
Table 30: Asda retail proposition 2009
Table 31: Asda UK key operating statistics summary 2003-2008e
Table 32: Asda trading record 1999-2008e
Table 33: Asda store portfolio 1999-2008e
Table 34: Asda womenswear space allocation 2009
Table 35: Debenhams company overview 2009
Table 36: Debenhams retail proposition 2009
Table 37: Debenhams UK key operating statistics summary 2004-2009e
Table 38: Debenhams results 2009
Table 39: Debenhams Group trading record 1999-2009e
Table 40: Debenhams UK store portfolio 1999-2009e
Table 41: Debenhams womenswear space allocation 2009
Table 42: Marks & Spencer company overview 2009
Table 43: Marks & Spencer retail proposition 2009
Table 44: Marks & Spencer UK key operating statistics summary 2004-09
Table 45: Marks & Spencer UK trading record 1998-2009
Table 46: M&S store portfolio 1999-2009
Table 47: Breakdown by store types in the M&S portfolio at March 2008 & 2009
Table 48: Marks & Spencer womenswear space allocation 2009
Table 49: Matalan company overview 2009
Table 50: Matalan retail proposition 2009
Table 51: Matalan UK key operating statistics summary 2004-2009
Table 52: Matalan trading record 1999-2010e
Table 53: Matalan store portfolio 1999-2010e
Table 54: Matalan womenswear space allocation 2009
Table 55: New Look company overview 2009
Table 56: New Look retail proposition 2009
Table 57: New Look UK key operating statistics summary 2004-2009
Table 58: New Look trading record 1999-2009e
Table 59: New Look UK store portfolio 1999-2009
Table 60: New Look store portfolio 2008 and 2009
Table 61: New Look womenswear space allocation 2009
Table 62: Next company overview 2009
Table 63: Next retail proposition 2009
Table 64: Next key operating statistics summary 2004-2009
Table 65: Next Brand trading record 1999-2009e
Table 66: Next Brand turnover and profits 2004-2009
Table 67: Next UK store portfolio 1999-2009
Table 68: Next womenswear space allocation 2009
Table 69: Primark company overview 2009
Table 70: Primark retail proposition 2009
Table 71: Primark UK key operating statistics summary 2004-2009e
Table 72: Primark trading record 1999-2009e
Table 73: Primark store portfolio 1999-2009e
Table 74: Primark womenswear space allocation 2009
Table 75: Tesco company overview 2009
Table 76: Tesco retail proposition 2009
Table 77: Tesco UK key operating statistics summary 2004-2009
Table 78: Tesco UK trading record 1998-2009
Table 79: Tesco store portfolio 1999-2009
Table 80: Tesco Space Allocation 2009
Table 81: TK Maxx company overview 2009
Table 82: TK Maxx retail proposition 2009
Table 83: TK Maxx UK key operating statistics summary 2004-2009e
Table 84: TK Maxx UK trading record 1998-2009e
Table 85: TK Maxx UK store portfolio 1999-2009
Table 86: TK Maxx womenswear space allocation 2009
Table 87: Womenswear smaller retailers key operating statistics 2008-09
Table 88: Fat Face key facts 2009
Table 89: Hobbs womenswear key facts 2009
Table 90: Jack Wills key facts 2009
Table 91: Reiss womenswear key facts 2009
Table 92: Whistles womenswear key facts 2009
Table 93: White Stuff key facts 2009
Table 94: Customer base - recent expansion by smaller retailers 2008-09
List of Figures
Figure 1: Consumer spend on womenswear and year-on-year growth 1999-2009e
Figure 2: Womenswear spend per head 2004-2009e
Figure 3: Womenswear Top 10 - clothing market share winners & losers 2009e on 2008
Figure 4: Womenswear Top 10 - womenswear winners and losers 2009e on 2008
Figure 5: UK space growth vs sales growth 2008/09 on 2007/08
Figure 6: Womenswear sales densities 2008/09
Figure 7: Growth in advertising spend 2008 on 2003
Figure 8: Price as a driver of loyalty 2009 vs 2005
Figure 9: Quality as a driver of loyalty 2009 vs 2005
Figure 10: Service as a driver of loyalty 2009 vs 2005
Figure 11: Convenience as a driver of loyalty 2009 vs 2005
Figure 12: Breakdown of female population by age 2008 and 2013
Figure 13: Changes we expect in 25-34 females over 2009-2013
Figure 14: Womenswear inflation 1994-2013
Figure 15: Recent new entrants -positioning map 2009
Figure 16: Womenswear retailer causalities - available expenditure 2009
Figure 17: Online drivers 2009
Figure 18: Online womenswear players - positioning map 2009
Figure 19: Online womenswear market - estimated value by segment 2009
Figure 20: International stores 2009
Figure 21: International expansion challenges 2009
Figure 22: Arcadia Group retail sales and growth, year to Aug 2004-2009e
Figure 23: Arcadia Group l-f-l performance year end August 2004-2008e
Figure 24: Arcadia Group operating profit year end August 2004-2008
Figure 25: Arcadia Group womenswear sales year to August 2004e-2009e
Figure 26: Arcadia Group womenswear sales per sq ft to Aug 2004-2009e
Figure 27: Arcadia womenswear market shares 2004-2009e
Figure 28: Asda sales and growth, year end December 2003-2008e
Figure 29: Asda operating profit year end December 2003-2007e
Figure 30: Asda estimated sales per sq ft for total UK and clothing, year end December 2004-2008
Figure 31: Asda clothing space allocation 2005-2009
Figure 32: Asda womenswear sales, year to December 2003e-2008e
Figure 33: Asda womenswear sales per sq ft, year to Dec 2003e-2008e
Figure 34: Asda womenswear market share, December 2004e-2009e
Figure 35: Debenhams UK retail sales and growth, year to Aug 2004-2009e
Figure 36: Debenhams group operating profit year end August 2003-2008
Figure 37: Debenhams online sales year end August 2005-2009e
Figure 38: Debenhams clothing space allocation 2005-2009
Figure 39: Debenhams womenswear sales year end August 2004-2009e
Figure 40: Debenhams womenswear sales per sq ft to Aug 2004e-2009e
Figure 41: Debenhams womenswear market shares 2004-2009e
Figure 42: Marks & Spencer UK retail sales and growth, year end March 2003/04-2008/09
Figure 43: M&S UK operating profit year end March 2003/04-2008/09
Figure 44: Y-o-Y change % in M&S quarterly divisional sales in UK Q1 2008/09-Q1 2009/10
Figure 45: M&S UK divisional l-f-l performance year end March 2009
Figure 46: Marks & Spencer online sales year end March 2008-2011e
Figure 47: M&S estimated sales per sq ft in food and non-food year end March 2005-2009
Figure 48: M&S clothing space allocation 2005-2009
Figure 49: M&S womenswear sales year end March 2004e-2009e
Figure 50: M&S womenswear sales per sq ft to end March 2004e-2009e
Figure 51: M&S share of UK womenswear sales 2004-2009e
Figure 52: Matalan store interior Longton 2009
Figure 53: Matalan Amman store entrance 2009
Figure 54: Matalan UK sales and growth, year end Feb 2005-2010e
Figure 55: Matalan operating profit year end Feb 2005-2010e
Figure 56: Matalan clothing space allocation 2005-2009
Figure 57: Matalan womenswear sales year end Feb 2004e-2009e
Figure 58: Matalan womenswear sales per sq ft to February 2005e-2010e
Figure 59: Matalan womenswear market share 2004-2009e
Figure 60: New Look UK sales and growth, year end March 2004-2009
Figure 61: New Look group operating profit to end March 2004-2009
Figure 62: New Look online visitors year end March 2008 and 2009
Figure 63: New Look online sales year end March 2007-2012e
Figure 64: New Look clothing space allocation 2005-2009
Figure 65: New Look Womenswear sales year end March 2004e-2009e
Figure 66: New Look womenswear sales per sq ft to March 2004e-2009e
Figure 67: New Look womenswear market share 2004-2009e
Figure 68: Next Brand sales and growth, year end January 2004-2009
Figure 69: Next Brand operating profit, year end January 2004-2009
Figure 70: Next turnover growth, year end January 2006-2009
Figure 71: Next clothing space allocation 2005-2009
Figure 72: Next Brand UK womenswear sales, to year end January 2004e-2009e
Figure 73: Next UK womenswear sales per sq ft , to year end January 2004e-2009e
Figure 74: Next womenswear market share 2004-2009e
Figure 75: Primark UK retail sales and growth, year to Sept 2004-2009e
Figure 76: Primark total sales and sales growth, 2008/09e
Figure 77: Primark UK operating profit year to September 2003-2008
Figure 78: Primark store numbers 2004-2009e
Figure 79: Primark clothing space allocation 2005 - 2009e
Figure 80: Primark womenswear sales year to September 2004e-2009e
Figure 81: Primark womenswear sales per sq ft to September 2004e-2009e
Figure 82: Primark womenswear market share year end March 2004-2009e
Figure 83: Tesco UK sales and growth, year end February 2004-2009
Figure 84: Tesco UK operating profit year end February 2004-2009
Figure 85: Tesco UK non-food sales growth, year end February 2006-2009
Figure 86: Tesco online sales year end February 2005 - 2009
Figure 87: Tesco estimated sales per sq ft for total UK and clothing UK year end February 2005-2009
Figure 88: Tesco clothing space allocation 2005 - 2009
Figure 89: Tesco womenswear sales year end February 2004e-2009e
Figure 90: Tesco womenswear sales per sq ft to end February 2004e-2009e
Figure 91: Tesco womenswear market share 2004-2009e
Figure 92: TK Maxx UK sales and growth, year end January 2004-2009e
Figure 93: TK Maxx UK operating profit year end January 2004-2008
Figure 94: TK Maxx clothing space allocation 2005-2009
Figure 95: TK Maxx womenswear sales year end January 2004e-2009e
Figure 96: TK Maxx womenswear sales per sq ft to end January 2004e-2009e
Figure 97: TK Maxx womenswear market share 2004-2009e

Abstract

Introduction

Verdict Research: UK Womenswear Retailers 2009 delivers comprehensive analysis of the key issues facing retailers in the sector as well as highlighting key growth opportunities. It profiles the top 10 operators in the market and each profile provides a detailed overview including key operating statistics, trading records and store and space data.

Scope
  • Spending trends in clothing, womenswear, menswear, childrenswear and accessories 1999-2009e
  • Comprehensive profiles and outlooks for the ten largest operators in womenswear including key operating statistics and store and space data
  • The womenswear market is analysed in detail and includes unique market share information on the leading operators and main channels of distribution
  • Analysis of a selection of small but influential womenswear retailers and the impact they are having on the market
Highlights

With the country officially in recession, consumers have been cutting down on non-essential spending and womenswear has been no exception. This, together with unemployment rising, is having a knock on effect on the sector and Verdict estimates total womenswear sales will be down 0.9% in 2009 the first decline in over 20 years.

The recession has provided a welcome boost for value retailers in 2009, benefitting from consumers trading down. But as economic conditions improve value retailers must try and retain customers through developing clear range segmentation and improving retail formats as well as fully utilising the online channel.

While price remains important to female shoppers it is less so as they get older with quality, service and convenience all becoming more prominent loyalty drivers. Given an ageing population profile retailers must be aware of these changes and adapt business strategies to reflect them.Reasons to Purchase
  • Use Verdict's analysis of the key market issues to guide future strategies and maximise sales and profits
  • Benchmark your performance against the 10 leading womenswear retailers' key operating statistics and growth plans
  • Comprehensive consumer spending information of all the clothing sectors sets the context for the market


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