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Annual Forecasting Clothing & Footwear 2014
Verdict Research Limited, July 2010, Pages: 9
UK Retail Futures 2014: Clothing & Footwear provides comprehensive insight into sector related issues such as market shares, space expansion and the changing patterns of consumer demand. It combines this with a host of economic, social and political factors to derive thorough sector forecasts over the next five years.
Scope of this research:
- Market expenditure, inflation and volume growth forecast to 2014 as well as data from the last ten years
- Comprehensive analysis covering inflation, volume and sales growth split by categories
- Channels of distribution analysis 2009,2010 and 2014 covering clothing & footwear specialists and non-specialists
Research and analysis highlights:
Despite improved growth, 2010 will continue to be tough. We expect higher taxes and weak wage growth to result in consumer reluctance to spend. Inflation has been the main contributor to growth, with VAT and increased cost prices pushing up costs.
Cost price pressures will push up the selling prices of items as retailers will not be able to absorb production cost increases without taking significant hits on margins. Retailers will try to minimise inflation by continuing to negotiate harder with suppliers and adding detail to garments.
Retailers will need to make the store environment, customer service and shopping experience exciting and enjoyable to entice people into stores and encourage discretionary purchases. While creating an emotional attachment with consumers through communication and returning to traditional values will encourage return visits.
Key reasons to purchase this research:
- Plan for the future, using this report to develop strategies that will enable you to compete effectively against rivals in tougher market conditions
- Enhance your understanding of key issues, trends, and dynamics in the market, providing a valuable tool to help steer your business into the future
- See how core clothing & footwear categories are expected to perform over the next five years
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