Summary
The
UK menswear market will grow by£3.2bn in the five years to 2020 - equating to
29.5% growth on 2015. A growing interest in fashion and a willingness to buy
more frequently will boost future spend, with spend by per increasing by
over£100 in the coming five years. With competition deepening, retailers can
gain a competitive advantage by building their ranges of non-core product areas
such as big and tall, tailoring and sportswear, to grow destination appeal by
serving niche customer groups.
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Report with TOC @ http://www.radiantinsights.com/research/menswear-retailing-in-the-uk
Key Findings
-
The UK menswear market is forecast to grow by 29.5% between 2015 and 2020, the
strongest growth of all the UK clothing sectors. This will be driven by males
becoming more interested in trends and fashion, encouraging them to shop and
purchase more frequently.
-
Though MandS still has the largest share of the market in 2015, this continues
to be eroded by stronger performing rivals such as Next and Primark, which are
enticing MandS's family shoppers and gradually encroaching on the top spot.
-
As wage growth recovers and improved disposable incomes allow consumers to
increase their spend on clothing, average spend per head on menswear will
reach£526.35 in 2020.
-
More choice is required to build penetration among mature males as 33.0% of
65+s say there is not enough stylish clothing and footwear targeted directly at
them and 68.0% say they care a lot about their personal appearance.
-
The menswear online clothing market is forecast to grow by 162.2% in the five
years to 2015 reaching£2.2bn, as spend shifts from more traditional shopping
methods and multichannel retailers such as Top man, John Lewis, River Island
and New Look continue to invest in their platforms and increase menswear
product availability online.
Synopsis
The Menswear Retailing in the UK report offers a
comprehensive insight into the menswear market in the UK, analysing the market,
the major players, and the main trends. It also provides forecasts to
2020. Buy a Sample copy of This Report @ http://www.radiantinsights.com/research/menswear-retailing-in-the-uk/request-sample
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