UK Accessories Retailing 2010 : Market Research Report

UK Accessories Retailing 2010

Published: Dec. 23, 2009 - 182 Pages

CHAPTER 1 EXECUTIVE SUMMARY: Key findings; Accessories resilient in recession with growth of 3.2% in 2009• ...; ... and adds nearly £0.5bn to sales value between 2005 and• 2009;; Women's dominates the market accounting for 73.0% of all• accessories expenditure;; Clothing specialists have used accessories as a vehicle for• growth;; It is essential to offer both destination accessories• departments and a selection merchandised with clothing;; Fashion key driver;•; Marks• & Spencer market leader, closely followed by New Look. Accessorize leading specialist;; Grocers threaten - gaining 0.7 percentage points of share• between 2004 and 2009 ...; ... and other value retailers increase their influence, forcing• midmarket retailers to shift pricing structures upwards;; Specialists must strike back through maximising space and• driving footfall;; Sub brands offer opportunities providing customers with a broad• spectrum of prices;; Market to grow 14.4% between 2009 and 2013.•; Main conclusions; Accessories prove resilient in recession ...; ... and have added nearly £0.5bn to their value over 2005-2009; Women's dominates; Clothing specialists use accessories as a vehicle for growth; Accessories department and a selection in clothing essential; Fashion a key driver of accessories purchases ...; ... which poses risk; Marks & Spencer market leader; Accessorize leading specialist; Grocers threaten ...; ... and other value retailers increase their influence; Midmarket shifts upwards; Specialists must strike back; Sub brands offer opportunities; Growth of 14.4% between 2009 and 2013
CHAPTER 2 MARKET ANALYSIS: Market definition; Market value and sub categories 2005-2009; Market grows by £0.5bn in five years; Year-on-year growth % 2005-2009; Rapid growth, but slowing; Sub category share of total 2005-2009; Dominated by womenswear; Market value and sub categories 2009e-2013e; Market expected to grow to £2.9bn by 2013; Year-on-year growth % 2009e-2013e; Growth expected to strengthen again in 2012 and 2013; Sub category share of total 2009e-2013e; Women's category continues to dominate; Accessories market channels of distribution and sales mix; Spend per head
CHAPTER 3 COMPANY DATA ANALYSIS: Accessories market shares; Accessories specialists decline as clothing retailers grow share; Winners and losers; Key operating statistics; Accessories sales; Clothing retailers resilient; Operating margins; Accessories sales densities; Space
CHAPTER 4 OUTLOOK: Key issues; Accessories and the recession; Outperforms clothing; Accessories performs well in the recession; Long term prospects positive; The impact of fashion on accessories; High street retailers heavily reliant on bold trends and celebrity influences; Impact of the celebrity; But fashion poses a risk and retailers need to be flexible; 2010 accessories trends; Men's shopping habits; Retailers must adapt visual merchandising to suit men's shopping style; Men's accessories in department stores; Men's accessories in clothing specialists and grocers; Trend-led accessories; Visual merchandising in stores; Catering for 'purposeful' and 'impulsive' shoppers; Successfully satisfying both customer types drives sales; Sub branding and price architecture; Sub brands are necessary in having a clear 'good, better, best' pricing structure; Sub brands allow for trading up or down; Celebrity collaborations; Clear instore segmentation is necessary in a 'good, better, best' price architecture; Polarisation in the accessories market; Specialists; Accessories specialists need to raise their game; Sub brands provide opportunities; Take advantage of the gifting sector; Utilise empty space to improve store environment and showcase key pieces; Department stores could be a window of opportunity for specialists; Action Points for retailers; Therefore retailers need to consider the following:
CHAPTER 5 ACCESSORIZE: Sales growth recovery insufficient to avoid market share dip; Financials; Sales slow but remain strong; Sector performance - accessories; Accessories sales growth slows; Market share; Accessories share dips; SWOT analysis; Strong offer should drive future success
CHAPTER 6 ARCADIA: Starts on road to recovery despite intense competition; Financials; After a tough 2008, sales improve in 2009; Sector performance - accessories; Strong fashion performance drives sales growth; Market share; Bhs contribution boosts 2009 share; SWOT analysis; Accessories well established, but could benefit from increased space
CHAPTER 7 ASDA: Benefits from consumer focus on low prices; Financials; Sales growth accelerates during downturn; Sector performance - accessories; Accessories sales continue to grow; Market share; Under pressure from rivals improved ranges; SWOT analysis; Accessories could be developed to improve George's value credibility
CHAPTER 8 AURORA: Strong brands offer growth potential; Financials; After challenging times, performance should stabilise; Sector performance - accessories; High growth impacted by changes to brand portfolio; Market share; Share falls in 2009 - impacted by administration; SWOT Analysis; Strong design handwriting will support future growth
CHAPTER 9 CLAIRE'S: Trading becomes tough as competition intensifies; Financials; Sales growth slows - dictated by performance in accessories; Sector performance - accessories; Sales growth slows; Market share; Losing market share as competition increases; SWOT analysis; Threat from clothing specialists strengthens
CHAPTER 10 DEBENHAMS: Designers at Debenhams are the essence of its success; Financials; Sales are strong but growth slows; Sector performance - accessories; Accessories sales remain impressive; Market share; Focus on quality and design should support growth; SWOT analysis; Clearer segmentation will increase its success
CHAPTER 11 H&M: Accessories proposition pleases shoppers; Financials; Space drives sales growth; Sector performance - accessories; Accessories sales beat overall H&M UK growth; Market share; H&M accessories growth beats sector, too; SWOT analysis; H&M accessories offer better value for money than many rivals
CHAPTER 12 HOUSE OF FRASER: Opportunities in sub brands to turn sales around; Financials; New stores help raise sales in 2008/09; Sector performance - accessories; Accessories sales slide as recession hits; Market share; On slide; SWOT analysis; Opportunities remain for sub brands
CHAPTER 13 JOHN LEWIS: Opportunities for new sub brands in own label ranges; Financials; Sales growth slows after substantial rises in 2006/07 and 2007/08; Sector performance - accessories; Accessories achieve steady year-on-year growth for five years; Market share; Holds on to 2.2% share - just; SWOT analysis; Visual merchandising improvements would maximise potential of brands
CHAPTER 14 MARKS & SPENCER: Struggles to improve while competition intensifies; Financials; Trading performance disappoints; Sector performance - accessories; After four years of gains accessories sales slip; Market share; Customers trade down; SWOT analysis; Further opportunities for accessories with improved sub branding
CHAPTER 15 NEW LOOK: Opportunities to drive success even further; Financials; Trading performance continues to impress; Sector performance - accessories; Accessories sales continue to grow; Market share; Rising trend; SWOT analysis; Opportunities in accessories remain
CHAPTER 16 NEXT: Opportunities to broaden accessories offer; Financials; Growth set to return in 2010; Sector performance - accessories; More fashion content drives accessories growth; Market share; Arrests slope of decline; SWOT analysis; Better men's offer would stop customers visiting rivals for add ons
CHAPTER 17 PRIMARK: Opportunities remain abundant; Financials; Strong growth continues in 2009 - albeit at slower rate; Sector performance - accessories; Accessories sales remain strong; Market share; Accessories share grows with space expansion; SWOT analysis; Opportunities remain in the UK and internationally
CHAPTER 18 RIVER ISLAND: Performs well in a competitive market; Financials; Sales continue to grow in spite of midmarket struggle; Sector performance - accessories; Accessories prove attractive throughout economic downturn; Market share; Steady sales growth protects market share; SWOT analysis; Design handwriting and store environment make accessories a winner
CHAPTER 19 TESCO: Strong online launch boosts clothing progress; Financials; Trading performance shows Tesco's ability to defy recession; Sector performance - accessories; Accessories sales to grow in 2009/10 after a decline in 2008/09; Market share; Improved visual merchandising will boost accessories sales further; SWOT analysis; High footfall drives accessories sales
CHAPTER 20 TIE RACK: Increased pressure as sales fall; Financials; Declining sales do not bode well; Sector performance - accessories; Accessories sales continue to drop; Market share; Continues steady decline; SWOT analysis; Improvements needed to regain market share
CHAPTER 21 TK MAXX: Buoyant through economic downturn; Financials; Sector performance - accessories; Accessories sales continue to rise as recession hits; Market share; Full steam ahead as 10-year advance in accessories share ploughs on; SWOT analysis; Growth opportunities remain in accessories for TK Maxx
CHAPTER 22 GLOSSARY: Financial Statistics - VAT; Trading Profile; Key Operating Ratios; Physical Development; Abbreviations
List of Tables: Table 1: Accessories market value 2005-2009; Table 2: Accessories market growth 2005-2009; Table 3: Accessories market share 2005-2009; Table 4: Accessories market value 2009-2013e; Table 5: Accessories market growth 2009-2013e; Table 6: Accessories market share 2009-2013e; Table 7: Retail distribution of accessories spend 2008, 2009e and 2013e; Table 8: Accessories market shares 2004-2009e; Table 9: Accessories retailers key UK operating statistics 2008/09; Table 10: Accessorize key facts 2010; Table 11: Accessorize UK key operating statistics summary 2004-2009e; Table 12: Arcadia Group key facts 2010; Table 13: Arcadia Group key operating statistics 2004-2009e; Table 14: Bhs UK key operating statistics 2004-2009e; Table 15: Asda key facts 2010; Table 16: Asda UK key operating statistics 2004-2009e; Table 17: Aurora Fashions key facts 2010; Table 18: Aurora Fashions UK key operating statistics 2010e; Table 19: * Mosaic Fashions UK key operating statistics 2005-2010e; Table 20: Claire's key facts 2010; Table 21: Claire's UK key operating statistics 2005-2010e; Table 22: Debenhams key facts 2010; Table 23: Debenhams UK key operating statistics 2004-2009; Table 24: H&M key facts 2010; Table 25: H&M UK key operating statistics summary 2004-2009e; Table 26: House of Fraser key facts 2010; Table 27: House of Fraser UK key operating statistics 2005-2010e; Table 28: John Lewis key facts 2010; Table 29: John Lewis UK key operating statistics 2005-2010e; Table 30: Marks & Spencer key facts 2010; Table 31: Marks & Spencer UK key operating statistics 2004-2009; Table 32: New Look key facts 2010; Table 33: New Look UK key operating statistics 2005-2010e; Table 34: Next key facts 2010; Table 35: Next UK key operating statistics 2005-2010e; Table 36: Primark key facts 2010; Table 37: Primark UK key operating statistics 2004-2009e; Table 38: River Island key facts 2010; Table 39: River Island UK key operating statistics 2004-2009e; Table 40: Tesco key facts 2010; Table 41: Tesco UK key operating statistics 2005-2010e; Table 42: Tie Rack key facts 2010; Table 43: Tie Rack UK key operating statistics 2005-2010e; Table 44: TK Maxx key facts 2010; Table 45: TK Maxx UK key operating statistics 2005-20010

Abstract

Introduction

Verdict Research: UK Accessories Retailers 2010 delivers comprehensive analysis of the key issues facing retailers in the sector. It examines the top 17 accessories retailers, including key operating statistics, accessories market shares and analysis of the opportunities in the market for individual retailers.

Scope

Spending trends in accessories, split down into men's, women's and children's and forecasted to 2013
Profiles of the top 17 accessories retailers including in depth analysis of their strengths, weaknesses, opportunities and threats
The accessories market is analysed in detail and includes market share information on the leading operators and the main channels of distribution

Highlights

In 2009 accessories has proved the most resilient sector in clothing, with expenditure growth of 3.2%. Consumers have continued to buy into accessories as a cost effective way of updating an outfit. Investing in accessories offers good value for money as they can be used with various outfits. Many styles provide good longevity, too.

Women's accessories has grown the most over 2005-2009, by 24.7%. Accounting for 73.0% of all accessories, women's accessories is the main driver of the sector, followed by men's at 19.2% and children's at 7.8%. While children's accessories are becoming more popular, many tweenage children are trading up into adult ranges.

There are two types of accessories shoppers: the purposeful shopper who goes shopping with a particular accessory in mind; and the impulse shopper who purchases accessories while shopping for clothing, enticed to do so by seeing items that co-ordinate well. It is essential that clothing specialists provide for both types of customer.

Reasons to Purchase

Identify the key trends and issues for accessories retailers and design strategies to exploit opportunities and minimise risk
Benchmark your performance against the 17 leading accessories retailers' key operating statistics
Comprehensive consumer spending information on men's, women's and children's accessories sets the context for the market

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2/15/2012 - 31

UK Accessories Retailing 2010

Table of Contents

Abstract