Uk Clothing Industry

Only available on StudyMode
  • Download(s) : 162
  • Published : December 4, 2011
Open Document
Text Preview
Current trends and future opportunities for the UK Clothing Industry THE POWER TO HELP YOU SUCCEED

This report has been produced by Verdict Consulting for Barclays Corporate. All content has been researched, developed and produced by Verdict Consulting at the request of Barclays Corporate for the purpose of this report. March 2011

Verdict Consulting 119 Farringdon Road London EC1R 3DA T. 020 7551 9419 F. 020 7551 9090 E. W.

ALL RIGHTS RESERVED. Whether in printed or electronic form: no part of this publication may be copied, stored in a retrieval system, or transmitted without the prior written permission of the publisher or under the terms of a licence issued by the publisher – Verdict Research Limited. All abstracting of the data for republication must have prior permission. In order to apply, an application form (available from Verdict) and draft copies of the proposed document must be submitted, together with full details of circulation and audience. All information will be treated in strictest confidence. Please note, consent is not given automatically and in certain instances a charge may be applicable. Reports are sold on the condition that they will not be circulated outside the staff who work at the address to which it is sent. An order for additional copies at reduced rates constitutes an undertaking by the subscriber that such copies will not be exported or distributed so as to avoid taking full price subscriptions elsewhere without prior agreement with the publisher. Printed reports are subject to the Copyright, Designs and Patents Act 1988 (CDPA). Please note, the Fair Dealing provisions of the CDPA do not allow copying of any part of printed publications for commercial usage of any kind. While information is compiled with due care, the publisher will not be liable for the consequences of anyone acting or refraining from acting in reliance on any information. © Verdict Research Ltd 2010 The views expressed in this report are the views of the author alone, and do not necessarily reflect the views of the Barclays Bank PLC Group nor should they be taken as statements of policy or intent of the Barclays Bank PLC Group. The Barclays Bank PLC Group takes no responsibility for the veracity of information contained in the third party narrative and no warranties or undertakings of any kind, whether express or implied, regarding the accuracy or completeness of the information given. The Barclays Bank PLC Group takes no liability for the impact of any decisions made based on information contained and views expressed in any third party guides or articles.


Introduction by Richard Lowe Demand changes Social class The supply side The future Success strategies Conclusion

2-3 4-7 8 9-13 14-19 20-30 31



Fashion is growing up, and as the average British shopper becomes more mature, fiscal belt-tightening and regal trends steer the shopper to the premium end of the clothing market. This report provides an analysis of the ever-changing clothing sector. It reviews the shift in mindset towards premium end retailers and sets it alongside the apparently contradictory rise in the value market, providing ten key trends that all clothing retailers can use to help with strategic planning. consumers shopping with value players has more than doubled during the past decade. Today 57 % of consumers regularly use value retailers, with almost half of these coming from the affluent ABC1 demographic*. The research estimates that this segment of the market will grow from £9.9bn to £12bn (around 21%) during the next three years The premium market can expect to enjoy the strongest growth rate over the next three years. By 2014 the premium segment is expected to be worth an estimated £8.6 billion, an increase of £1.9 billion (29 %) from today’s estimated value of £6.7 billion*. Consumers want quality as well as value, and are happy to trade up to buy...
tracking img