The UK value clothing market will grow by £3.2bn in the five years to 2021 - equating to 23.6% growth on 2016, with menswear driving the market and outperforming womenswear. As male interest in fashion and personal appearance builds and retailers are starting to respond to male consumers' growing demands for more choice, style, and newness
- The value menswear market is forecast to grow by 29.2% over the next five years, fuelling growth in the value sector and outperforming the value womenswear market
- Market leader Primark's share is expected to fall in 2016 following more than 15 years of growth.
- Value clothing sales at the grocers will continue to be impacted by weak food & grocery footfall, with value clothing share forecast to fall back in 2016. Online experiences for clothing shoppers remains an afterthought for the grocers, with little investment in shopping experience driving shoppers to visit websites of midmarket rivals.
- 42.7% of value shoppers buy clothing at least once a month from value retailers, compared to 36.4% of all clothing shoppers shopping the clothing sector at least once a month, indicating that value shoppers are more impulse driven.
- The online channel will account for 11.5% of the UK value clothing market, compared to 22.5% for the total UK clothing & footwear market in 2016 indicating how far behind the value clothing retailers are in terms of online maturity
- unaided by Primark's notable online absence.
Key Topics Covered:
2. The hot issues
3. What people buy
4. Where people shop
5. How people shop
6. Why people shop
- Forever 21
- H&M- Matalan
- New Look
- TK Maxx
Tweets From The Industry
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