UK Accessories Retailing 2010

Date: December 1, 2009
Pages: 182
Price:
US$ 3,450.00
Publisher: Verdict
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: U74BDAAE792EN
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UK Accessories Retailing 2010
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
  • 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

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