|
|
 |
|
Viewing report
|
|
|
|
Footwear Market Report Plus 2007
Key Note Publications Ltd, May 2007, Pages: 125
The UK footwear market slowed down in 2005 and estimates for 2006 showed a slight fall in the market value, to £5.6bn at current retail selling prices (rsp). This represents 0.7% of total consumer spending, whereas consumers spent 1% of their household budgets on footwear as recently
as the 1990s.
In terms of market sectors, the main breakdown of footwear is by gender and age, i.e. men's, women's and children's footwear. However, reference is also made to different styles of footwear, such as town shoes, boots, sandals and sports and other casual footwear.
Discounting in the high street and the sourcing of cheaper footwear from factories in the Far East are the factors that are largely responsible for the sluggish performance of the market in value terms. Typical shoe prices fell
by 4% between 2002 and 2006. Competing with exporters in the Far East — mainly China and Vietnam — has become almost impossible for mainstream footwear manufacturers in the UK, although the domestic industry still boasts strong design credentials and exports 90% of its output (mainly upmarket formal or specialist footwear).
The globalised structure of footwear is reflected in the operations of
C&J Clark Ltd (Clarks), which is by far the UK's largest footwear company, despite remaining steadfastly private. Most other footwear companies, either manufacturers or retailers, are also private businesses. Overall, the largest footwear brands are from the sports sector (Nike and Adidas).
Shoe retailing has become more diverse and has improved over the past
10 years (1997 to 2006). There are fewer `me-too' high-street shops selling bland family ranges, these having been replaced by a choice of deep discounters (e.g. Priceless and Shoe Zone), cutting-edge fashion chains
(e.g. Schuh and Dune) and shoe superstores (e.g. Brantano). However, the specialists are having to compete hard against the grocery superstores and department stores, which now offer numerous brand concessions.
Brand and design awareness should help the market regain value growth over the next 5 years (2007 to 2011). Prices generally are likely to increase, as consumers seek out more individual footwear and as costs rise in the Far East.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
UK Footwear Retailers 2008
UK Footwear Retailers 2009
Footwear Industry - Global Outlook
Clothing & Footwear Industry Market Review 2008
Footwear Market Report Plus 2004
Clothing and Footwear Industry Market Review 2006
Sports Clothing & Footwear Market Report 2005
Footwear - Global Strategic Business Report
UK Retail Futures 2011: Clothing and Footwear
UK Retail Futures: Clothing & Footwear 2012
Footwear Industry - Global Outlook 2006
Analyzing the European Footwear Industry
|
|
|
|
