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UK Footwear Retailers 2010
Verdict Research Limited, April 2010, Pages: 361
The UK footwear market was badly hit by the recession with several high profile retailers forced into administration. While in 2010 prospects are brighter, retailers still face a challenging year as surviving players fight for market share. This report provides comprehensive analysis of the major players in the sector as well as the outlook for the market overall.
Scope:
- 10 year value and growth trends in UK footwear expenditure, including sub sectors of men's, women's and children's footwear
- Outlook for the market including key issues and strategies for success
- Detailed profiles on 15 of the major players in the market including footwear market shares for 2005 - 2010
- A further 3 concise profiles on smaller footwear retailers as well as insight on up and coming retailers in the market
Highlights:
Faced with weak comparatives we expect growth to return to the footwear market in 2010 though it will be small at just 1.9% and boosted by inflation. Though we expect consumer confidence to improve, the threat of higher taxes, weak wage growth and the possibility of further job cuts will ensure consumers remain cautious with purchases.
We expect clothing specialists to have grown their share of the market by 7.0 percentage points between 2005 and 2010. Their strength is also reflected in our How Britain Shops Footwear 2010 survey where clothing specialists now make up five of the Top 10 retailers by footwear visitor share, compared with two in 2005.
With a share of just under 10.0% of the footwear market, Clarks remains the market leader. Its reputation for providing quality products and good service continues to pull loyal shoppers in store, while it has broadened its target market through introducing a new sports footwear range and relaunching its transactional website in 2009.
Reasons to Purchase:
- Use Verdict's analysis of key market issues to guide future strategies, while exploiting opportunities and minimising risk
- Benchmark businesses' future prospects using the key operating statistics and unique market share data
- Understand key success drivers using Verdict's detailed insight on major market players
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