News By Tag
News By Place
UK Clothing Retail Market to Grow by 18.6% by 2013 Says New Report
Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report
By: Joe Walsh
The report “Clothing Retailing: Market Report 2009, Seventh Edition” available at http://www.reportbuyer.com/
According the report’s estimates, supermarkets (notably ASDA, Sainsbury's and Tesco) now account for more clothing sales than any other type of outlet. Supermarkets' share of the clothing market increased from around 10% in 2000 to 23% in 2008, and this expansion is likely to continue as the major multiples devote increasing amounts of floor space to non-food items such as clothes. Supermarkets are particularly strong in the childrenswear sector, accounting for around a third of volume sales of school clothing and footwear.
Small independent retailers have been badly affected by the recession, having already been hit by the expansion of the supermarket chains. Even some larger chains, such as Woolworths, which sold a variety of children's clothes including school wear, have succumbed to the economic downturn. Other victims include Ethel Austin, which went into administration in May 2008 (it was subsequently bought out of receivership)
The recession is likely to result in very subdued sales growth in 2009, while an anaemic recovery is also likely to constrain sales in 2010. Value growth will also be depressed by intense competition and discounting among retailers. The report forecasts that sales growth will revive gradually between 2011 and 2013 as the economic environment improves, and the market is forecast to increase by an overall 18.6% between 2004 and 2013.
The report “Clothing Retailing: Market Report 2009 Seventh Edition” is available from Report Buyer at:
Report Buyer product ID: KEY00171
About Report Buyer.
# # #
Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare.