Clothing Retailing
This Key Note Market Report examines the UK clothing retailing industry providing industry expertise on the value of the market the leading competitors and the key trends and issues impacting the different sectors throughout the past 5 years between 2010 and 2014 as well as forecasts for the future of the market up to 2019.
Executive Summary
This Key Note Market Report examines the UK clothing retailing industry providing industry expertise on the value of the market the leading competitors and the key trends and issues impacting the different sectors throughout the past 5 years between 2010 and 2014 as well as forecasts for the future of the market up to 2019. Despite economic difficulties in the UK of late the clothing retailing market has witnessed consistent growth in value during the review period rising by 6.3% in 2014 alone.
Changing retail costs are a strong factor in the growth in value of the market with the average retail price of clothing having increased over the last decade. Global prices of cotton and other raw materials are fluctuating thus impacting costs along the supply chain while the recent strength of the pound against other international currencies has had an impact on costs with trade partners. However heavy discounting on the high street with record sales recorded on Black Friday and Cyber Monday in 2014 also lowered the margins of some retailers and left some with poor sales of full-price stock. Retail prices will continue to be somewhat uncertain owing to the effects of the international supply chain and the ongoing review into the structure of the business tax rates system in the UK announced in the Chancellor of the Exchequer’s Autumn Statement in December 2014 which will impact the taxes paid by clothing retailers on their business properties.
The total clothing retailing market is further...
- 1. Executive Summary
- 2. What’s KEY in the Market?
- KEY DRIVERS
- MARKET TRENDS
- Growth of E-Commerce Retailing
- Difficult Retail Landscape
- Retail Expansion into Sportswear
- Demand for Male Fashion
- Rise of Fast Fashion and Discount Retailers
- ECONOMIC TRENDS
- Table 2.1: UK Economic Trends (000, £m, %, million and £), 2010-2014
- MARKET POSITION
- Table 2.2: Consumer Expenditure on Clothing as a Percentage of Total Consumer
- Expenditure in the UK (£m at current prices and %), 2010-2014
- Figure 2.1: Consumer Expenditure on Clothing as a Percentage of Total Consumer
- Expenditure in the UK (£m at current prices), 2010-2014
- HOW ROBUST IS THE MARKET?
- 3. Market Size, Segmentation & Forecasts
- MARKET SIZE & SEGMENTATION
- The Total Market
- Table 3.1: The Total UK Market for Clothing Retailing by Value at Current Prices (£m at rsp), 2010-2014
- Figure 3.1: The Total UK Market for Clothing Retailing by Value at Current Prices (£m at rsp), 2010-2014
- Market Sectors
- Garments
- Table 3.2: The UK Clothing Garments Market by Sector by Value at Current Prices (£m at rsp and %), 2010-2014
- Table 3.3: The Women’s Garments Sector by Value at Current Prices (£m at rsp and %), 2010-2014
- Table 3.4: The Men’s Garments Sector by Value at Current Prices (£m at rsp and %), 2010-2014
- Table 3.5: The Children’s Garments Sector by Value at Current Prices (£m at rsp and %), 2010-2014
- Clothing Accessories
- Table 3.6: The Clothing Accessories Sector by Value at Current Prices (£m at rsp and %), 2010-2014
- FORECASTS
- Future Trends
- Future High-Street Growth and Improved Trading Environment
- International Expansion and Emerging Competition
- Shopfitting, In-Store Technology and Enhanced Customer Experiences
- Rise of Unisex Clothing
- Future Economic Trends
- Table 3.7: Economic Forecasts (000, % and million), 2015-2019
- Forecast Total Market
- Table 3.8: The Forecast Total UK Market for Clothing Retailing by Sector by Value at Current Prices (£m at rsp), 2015-2019
- Figure 3.7: The Forecast Total UK Market for Clothing Retailing by Sector by Value at Current Prices (£m at rsp), 2015-2019
- MARKET GROWTH
- Figure 3.8: Growth in the Total UK Market for Clothing Retailing by Sector by Value at Current Prices (£m at rsp), 2015-2019
- 4. International Perspective
- GLOBAL OVERVIEW
- Table 4.1: Global Exports and Imports of Clothing by Value ($m), 2010-2014
- Figure 4.1: Global Exports and Imports of Clothing by Value ($m), 2010-2014
- OVERSEAS TRADE
- General Overview
- Table 4.2: UK Trade Balance of Clothing by Value (£m), 2010-2014
- Figure 4.2: UK Trade Balance of Clothing by Value (£m), 2010-2014
- Exports
- Table 4.3: UK Exports of Clothing by Sector by Value (£m), January-November 2014
- Figure 4.3: UK Exports of Clothing by Sector by Value (%), January-November 2014
- Imports
- Table 4.4: UK Imports of Clothing by Sector by Value (£m), January-November 2014
- Figure 4.4: UK Imports of Clothing by Sector by Value (%), January-November 2014
- Garments
- Table 4.5: UK Trade of Garments by Value (£m), 2010-2014
- Figure 4.5: UK Trade of Garments by Value (£m), 2010-2014
- Clothing Accessories
- Table 4.6: UK Trade of Clothing Accessories by Value (£m), 2010-2014
- Figure 4.6: UK Trade of Clothing Accessories by Value (£m), 2010-2014
- 5. Competitor Analysis
- MARKET LEADERS
- Table 5.1: Leading Clothing Retailers in the UK by Turnover and Pre-Tax Profit (£000), Latest Financial Year Available
- Debenhams PLC
- Table 5.2: Financial Results for Debenhams PLC (£000), Years Ending 28th August 2010, 3rd September 2011, 1st September 2012, 31st August 2013 and 30th August 2014
- John Lewis PLC
- Table 5.3: Financial Results for John Lewis PLC (£000), Years Ending 30th January 2010, 29th January 2011, 28th January 2012, 26th January 2013 and 25th January 2014
- Marks and Spencer PLC
- Table 5.4: Financial Results for Marks & Spencer PLC (£000), Years Ending 3rd April 2010, 2nd April 2011, 31st March 2012, 30th March 2013 and 29th March 2014
- Matalan Retail Ltd
- Table 5.5: Financial Results for Matalan Retail Ltd (£000), Years Ending 27th February 2010, 26th February 2011, 25th February 2012, 23rd February 2013 and 1st March 2014
- New Look Retailers Ltd
- Table 5.6: Financial Results for New Look Retailers Ltd (£000), Years Ending 27th March 2010, 26th March 2011, 24th March 2012, 30th March 2013 and 29th March 2014
- Next PLC
- Table 5.7: Financial Results for Next PLC (£000), Years Ending 30th January 2010, 29th January 2011, 28th January 2012, 26th January 2013 and 25th January 2014
- Primark Stores Ltd
- Table 5.8: Financial Results for Primark Stores Ltd (£000), Years Ending 12th September 2009, 18th September 2010, 17th September 2011, 15th September 2012 and 14th September 2013
- Shop Direct Home Shopping Ltd
- Table 5.9: Financial Results for Shop Direct Home Shopping Ltd (£000), Years Ending 30th April 2009, 30th April 2010, 30th June 2011, 30th June 2012 and 30th June 2013
- Taveta Investments Ltd
- Table 5.10: Financial Results for Taveta Investments Ltd (£000), Years Ending 29th August 2009, 28th August 2010, 27th August 2011, 25th August 2012 and 31st August 2013
- TJX UK
- Table 5.11: Financial Results for TJX UK (£000), Years Ending 30th January 2010, 29th January 2011, 28th January 2012, 2nd February 2013 and 1st February 2014
- OTHER COMPANIES
- Burberry Ltd
- River Island Holdings Ltd
- H&M Hennes & Mauritz UK Ltd
- NUMBER OF COMPANIES
- By Turnover
- Table 5.12: Number of UK VAT- and/or PAYE-Based Enterprises Engaged in the Retail Sale of Clothing in Specialised Stores by Turnover Sizeband (£000, number and %), 2014
- By Employment
- Table 5.13: Number of UK VAT- and/or PAYE-Based Enterprises Engaged in the Retail Sale of Clothing in Specialised Stores by Employment Sizeband (number and %), 2014
- Regional Variation in the Marketplace
- Table 5.14: Number of UK VAT- and/or PAYE-Based Enterprises Engaged in the Retail Sale of Clothing in Specialised Stores by Government Standard Region (number and %), 2014
- MARKETING ACTIVITY
- Table 5.15: Main Media Advertising Expenditure on Clothing and Accessories (£000), Year Ending June 2014
- KEY TRADE ASSOCIATIONS
- EXHIBITIONS/TRADE SHOWS
- 6. Buying Behaviour
- CONSUMER PENETRATION
- Any Outerwear
- Table 6.1: Penetration of Any Outerwear by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- T-Shirts and Polo Shirts
- Table 6.2: Penetration of T-Shirts and Polo Shirts by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Trousers
- Table 6.3: Penetration of Trousers by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Coats and Raincoats
- Table 6.4: Penetration of Coats and Raincoats by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Jackets
- Table 6.5: Penetration of Jackets by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Sports Clothing
- Table 6.6: Penetration of Sports Clothing by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Swimwear
- Table 6.7: Penetration of Swimwear by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Suits
- Table 6.8: Penetration of Suits by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Jeans
- Table 6.9: Penetration of Jeans by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Menswear
- Table 6.10: Penetration of Menswear by Item by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Womenswear
- Table 6.11: Penetration of Womenswear by Item by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Children’s Clothing
- Table 6.12: Penetration of Children’s Clothing by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- Gloves, Belts and Other Accessories
- Table 6.13: Penetration of Gloves, Belts and Other Accessories by Sex, Age, Social Grade and Region (% of adults), Year Ending June 2014
- 7. Strengths, Weaknesses, Opportunities & Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 8. PESTEL
- POLITICAL
- Ethics of Supply Chain
- ECONOMIC
- Rising Retail Costs
- Table 8.1: Average Annual Retail Price Index of Clothing by Type (index 1987=100), 2005-2014
- Figure 8.1: Average Annual Retail Price Index of Clothing by Type (index 1987=100), 2005-2014
- Sourcing and Raw Material Costs
- Heavy Discounting and Black Friday Sales
- SOCIAL
- Demand for Fast Fashion Turnaround and Mid-Season Collections
- TECHNOLOGICAL
- Social Media and Blogging
- ENVIRONMENTAL
- ‘Green’ Clothing
- Revival of Vintage Fashion
- LEGISLATIVE
- Review of Business Tax Rates
- 9. Further Sources
- Associations
- Publications
- General Sources
- Government Publications
- Other Sources
- Understanding Consumer Survey Data
- Number, Profile, Penetration
- Social Grade
- Standard Region
- Key Note Research
- The Key Note Range of Reports