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UK Accessories Retailing 2010 Product Image

UK Accessories Retailing 2010

  • ID: 1195929
  • December 2009
  • Region: United Kingdom, Great Britain
  • 182 Pages
  • Verdict Research Limited

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 READ MORE >

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 2005-200
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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