UK Menswear Retailers 2008

Verdict Research Limited, October 2008, Pages: 207

Introduction

UK Menswear Retailers 2008 is a detailed analysis of the menswear market and its leading operators. It provides users with the key issues in the market and the responses needed for retailers to thrive. Apart from market sizes and shares it also covers the key operating statistics, distribution channels and male spending trends - all important measures for retailers.

Scope

-The menswear market is analyzed in detail and includes unique market share information on leading operators and main channels of distribution.

-11 leading menswear operators are profiled, including Arcadias menswear brands, JJB, Primark plus 10 smaller, but influential menswear operators.

-In addition to clothing and menswear market shares, the major profiles include trading records and store and space data for a minimum of five years.

Highlights

The author estimates menswear underperforming the rest of the clothing sector in 2008, with growth of 1.5%, down from 3.3% in 2007. however menswear sales may be more resilient than expected in the current downturn. Womenswear has been driven by large increases in clothing volumes bought, this phenomenon has been much less pronounced in menswear.

Smaller, niche clothing specialists are gaining share from market leaders, collectively increasing their share by 1.1 percentage points to 34.2% of the market. They include a wide range of different players, from budget young fashion retailers like Blue Inc and H&M to lifestyle brands like Fat Face and Ted Baker.

Menswear retailers are heading for a profits squeeze. Deflation is lessening significantly. The depreciation of the pound against the US Dollar is increasing domestic cost inflation in key sourcing destinations such as China. Therefore upward pressure on product buying and increases in operating costs will squeeze profits further.

Reasons to Purchase

-This report summarizes and explains the key issues, trends and dynamics in the market and the necessary responses.

-Comprehensive consumer spending information of all the clothing sectors sets the context for the market.

-Key operating statistics allow users to benchmark businesses and use as a guide to performance across the market.

CHAPTER 1 EXECUTIVE SUMMARY 5
Key Findings 5
Main Conclusions 6
CHAPTER 2 MARKET ANALYSIS 9
Market Definition & Analysis 9
Menswear Spending in the Context of Clothing 11
Trends in Consumer Spending on Menswear 13
Retail Distribution of Clothing and Menswear 17
CHAPTER 3 COMPANY DATA ANALYSIS 19
Clothing Market Shares 19
Menswear Market Shares 20
Winners & Losers in Clothing Share 22
Winners & Losers in Menswear Share 23
Menswear Sales Densities 24
Key Operating Statistics 25
Space Allocation 27
Advertising Media Expenditure 28
CHAPTER 4 STRATEGIC ISSUES & OUTLOOK 32
Menswear Market Issues 32
Inhibitor: Cost and Price Inflation 32
Inhibitor: Menswear Cut First in Downturns 34
Specialist Market Fragments 36
Inhibitor: Major Players Prospects 36
Driver: Men Return to Quality 39
Driver: Internet - If Avoiding Cannibalisation 41
Driver: New Competitors 42
Influential Retailers - Key Facts 44
CHAPTER 5 ARCADIA GROUP 52
Company Overview & Market Shares 52
Trading Record 55
Year to August 2007 55
Current Trading 56
Menswear Sales 57
Store Portfolio 59
Retail Proposition & Space Allocation - Burton 62
Retail Proposition & Space Allocation - TopMan 64
Marketing and Operations 66
Outlook 66
CHAPTER 6 DEBENHAMS 69
Company Overview and Market Shares 69
Trading Record 71
Year to August 2007 72
Half Year to February 2008 72
Year to August 2008 72
Menswear Sales 73
Store Portfolio 74
Retail Proposition 76
Space Allocation 77
Management, Marketing and Operations 78
Outlook 79
CHAPTER 7 ASDA (GEORGE) 81
Company Overview & Market Shares 81
Trading Record 83
Year to December 2007e 83
Current Trading 84
Menswear Sales 84
Store Portfolio 85
Retail Proposition 87
Space Allocation 88
Management, Marketing and Operations 89
Outlook 90
CHAPTER 8 JJB SPORTS 92
Company Overview & Market Shares 92
Trading Record 95
Year to January 2008 95
Six Months to July 2008 95
Current Trading 96
Menswear Sales 97
Store Portfolio 98
Retail Proposition 100
Space Allocation 101
Management, Marketing & Operations 103
Outlook 104
CHAPTER 9 MARKS & SPENCER 106
Company Overview & Market Shares 106
Trading Record 108
Year to March 2008 108
Current Trading 109
Menswear Sales 110
Store Portfolio 111
Retail Proposition 112
Space Allocation 113
Management, Marketing & Operations 114
Outlook 116
CHAPTER 10 MATALAN 119
Company Overview & Market Shares 119
Trading Record 121
Year to February 2008 121
Menswear Sales 122
Store Portfolio 123
Retail Proposition 124
Space Allocation 125
Marketing & Operations 127
Outlook 128
CHAPTER 11 MOSS BROS 129
Company Overview & Market Shares 129
Trading Record 132
Year to January 2008 132
Current Trading 132
Menswear Sales 133
Store Portfolio 133
Retail Proposition & Space Allocation - Moss 135
Retail Proposition & Space Allocation - Cecil Gee 138
Management, Marketing & Operations 140
Outlook 141
CHAPTER 12 NEXT 143
Company Overview & Market Shares 143
Trading Record 146
Year to January 2008 146
Menswear Sales 147
Results for the half year ended July 2008 148
Store Portfolio 149
Retail Proposition 151
Space Allocation 152
Management, Marketing and Operations 153
Outlook 155
CHAPTER 13 PRIMARK 157
Company Overview & Market Share 157
Trading Record 160
Year to September 2007 160
Year to September 2008e 161
Menswear Sales 161
Store Portfolio 162
Retail Proposition 164
Space Allocation 165
Management, Marketing and Operations 167
Outlook 167
CHAPTER 14 RIVER ISLAND 169
Company Overview & Market Shares 169
Trading Record 171
Year to December 2007 171
Current Trading 171
Menswear Sales 173
Store Portfolio 174
Retail Proposition 176
Space Allocation 177
Marketing & Operations 179
Outlook 179
CHAPTER 15 TK MAXX 181
Company Overview and Market Share 181
Trading Record 184
Year to January 2008 184
Current Trading 184
Menswear Sales 185
Store Portfolio 186
Retail Proposition 187
Space Allocation 188
Management, Marketing and Operations 190
Outlook 190
CHAPTER 16 GLOSSARY 192
Financial Statistics - VAT 192
Trading Profile 192
Physical Development 192
Abbreviations 192
List of Tables
Table 1: Menswear market definition 2008 9
Table 2: Clothing consumer spending trends 1998-2008e 10
Table 3: Clothing market spending trends 1998-2008e 11
Table 4: Menswear consumer spending trends 1998-2008e 15
Table 5: Menswear market deflation 2003-2008e 16
Table 6: Retail distribution of clothing expenditure 2007 and 2008e 17
Table 7: Retail distribution of menswear expenditure 2007 and 2008e 17
Table 8: Clothing market shares 2003-2008e 19
Table 9: Menswear market shares 2003-2008e 20
Table 10: Clothing retailers key UK operating statistics 2007/08 25
Table 11: Menswear space allocation 2008 27
Table 12: Leading clothing retailers advertising media expenditure total 2002-2007 28
Table 13: Leading clothing retailers advertising media expenditure by media type 2007 30
Table 14: ASOS key facts 2008 44
Table 15: Blue Inc key facts 2008 45
Table 16: Fat Face key facts 2008 45
Table 17: H&M key facts 2008 46
Table 18: John Lewis key facts 2008 47
Table 19: Jack Wills key facts 2008 48
Table 20: New Look key facts 2008 49
Table 21: Sainsburys TU key facts 2008 49
Table 22: Ted Baker key facts 2008 50
Table 23: TM Lewin key facts 2008 51
Table 24: Influential/niche menswear retailers - summary 2008 51
Table 25: Arcadia Group company overview 2008 52
Table 26: Arcadia Group key operating statistics 2003-2008e 53
Table 27: Arcadia group trading record 1998-2008e 55
Table 28: Arcadia Group UK outlet numbers year to August 2003-2008e 59
Table 29: Arcadia menswear ongoing brands sales area 2003-2008e 60
Table 30: Burton retail proposition 2008 62
Table 31: Burton Space Allocation 2008 63
Table 32: TopMan retail proposition 2008 64
Table 33: Topman space breakdown vs menswear average 2008 65
Table 34: Debenhams company overview 2008 69
Table 35: Debenhams UK key operating statistics 2003e-2008e 70
Table 36: Debenhams trading record 1998-2008e 71
Table 37: Debenhams UK department store portfolio 1998-2008e 74
Table 38: Debenhams retail proposition 2008 76
Table 39: Debenhams menswear space breakdown vs market average 2008 78
Table 40: Asda (George) company overview 2008 81
Table 41: Asda key statistics 2003-2008e 82
Table 42: Asda trading record 1998-2008e 83
Table 43: Asda store profile 1998-2008e 85
Table 44: Asda Living openings 2004-2008 86
Table 45: Asda (George) retail proposition 2008 87
Table 46: Asda menswear space breakdown vs market average 2008 88
Table 47: JJB Sports Overview 2008 92
Table 48: JJB key operating statistics 2003-2008 93
Table 49: JJB Sports trading record 2002-2008 95
Table 50: JJB Sports store portfolio 2003-2008 98
Table 51: JJB store analysis by format 2003-2008 98
Table 52: JJB Sports retail proposition 2008 100
Table 53: JJB menswear space breakdown vs market average 2008 102
Table 54: Marks & Spencer company overview 2008 106
Table 55: M&S UK key operating statistics 2003-2008 107
Table 56: M&S UK trading record 1998-2008 108
Table 57: M&S UK store portfolio 1998-2008 111
Table 58: Marks & Spencer retail proposition 2008 112
Table 59: M&S menswear space vs average 2008 114
Table 60: Matalan company overview 2008 119
Table 61: Matalan key operating statistics 2003-2008e 120
Table 62: Matalan trading record 1998-2008e 121
Table 63: Matalan store portfolio 1998-2008e 123
Table 64: Matalan retail proposition 2008 124
Table 65: Matalan menswear space breakdown vs market average 2008 126
Table 66: Moss Bros company overview 2008 129
Table 67: Moss Bros key operating statistics 2003-2008 130
Table 68: Moss Bros trading record 1998-2008 132
Table 69: Moss Bros store portfolio 2003-2008 134
Table 70: Moss Bros retail brand portfolio January 2005-2008e 134
Table 71: Moss retail proposition 2008 135
Table 72: Moss space breakdown vs menswear market average 2008 137
Table 73: Cecil Gee retail proposition 2008 138
Table 74: Cecil Gee Space Allocation 2008 139
Table 75: Next company overview 2008 143
Table 76: Next key operating statistics 2003-2008 144
Table 77: Next Group trading record 1998-2008 146
Table 78: Next Brand turnover and profits 2002-2008 147
Table 79: Next UK store profile 1997-2007e 149
Table 80: Next retail proposition 2008 151
Table 81: Next menswear space breakdown vs market average 2008 153
Table 82: Primark company overview 2008 157
Table 83: Primark UK key operating statistics 2003-2008e 158
Table 84: Primark UK trading record 1998-2008e 160
Table 85: Primark UK store portfolio 1998-2008e 163
Table 86: Primark retail proposition 2008 164
Table 87: Primark menswear space breakdown vs market average 2008 166
Table 88: River Island company overview 2008 169
Table 89: River Island key operating statistics 2003-2008e 170
Table 90: River Island trading record 2002-2008e 171
Table 91: River Island UK store portfolio 2003-2008e 174
Table 92: River Island retail proposition 2008 176
Table 93: River Island space breakdown vs menswear average 2008 178
Table 94: TK Maxx company overview 2008 181
Table 95: TK Maxx UK key operating statistics 2003-2008e 182
Table 96: TK Maxx UK trading record 1998-2008e 184
Table 97: TK Maxx UK store portfolio 1998-2008e 186
Table 98: TK Maxx retail proposition 2008 187
Table 99: TK Maxx menswear space breakdown vs market average 2008 189
List of Figures
Figure 1: Menswear sales and Y-o-Y growth rates 1998-2008e 13
Figure 2: Menswear spend per head 2004-2008e 14
Figure 3: Menswear market shares 2003 & 2008e 22
Figure 4: Winners and losers in clothing market share 2008e on 2007 22
Figure 5: Winners and losers in menswear market share 2008e on 2007 23
Figure 6: Menswear sales densities 2007/08 24
Figure 7: Menswear market issues 2008 32
Figure 8: Menswear price deflation 2003-2008e 33
Figure 9: Growth in clothing market sectors 2008e on 1998 35
Figure 10: Trends in menswear loyalty when clothes shopping 1999, 2003 & 2008 40
Figure 11: Arcadia Group clothing & menswear market shares 2003-2008e 54
Figure 12: Arcadia menswear sales & year-on-year growth - years to August 2002e-2008e 57
Figure 13: Arcadia menswear sales breakdown % - years to August 2007e & 2008e 58
Figure 14: Burton clothing space allocation 2008 63
Figure 15: TopMan clothing space allocation 2008 65
Figure 16: Debenhams clothing & menswear market shares 2002-2008e 70
Figure 17: Debenhams UK menswear sales & year-on-year growth to August 2003-2008e 73
Figure 18: Debenhams clothing space allocation 2004-2008 77
Figure 19: Debenhams menswear space allocation 2008 77
Figure 20: Asda (George) clothing & menswear market shares 2003-2008e 82
Figure 21: George menswear sales & year-on-year growth - years to December 2003-2008e 84
Figure 22: Asda clothing space allocation 2004-2008 88
Figure 23: JJB Sports clothing & menswear market shares 2003-2008e 94
Figure 24: JJB menswear sales & year-on-year growth - years to January 2003e-2008e 97
Figure 25: JJB clothing space allocation 2006-2008 101
Figure 26: JJB menswear space allocation 2008 102
Figure 27: Marks & Spencer market shares 2003-2008e 107
Figure 28: Marks & Spencer menswear sales & year-on-year growth - years to March 2003e-2008e 110
Figure 29: M&S clothing space allocation 2004-2008 113
Figure 30: M&S menswear space allocation 2008 113
Figure 31: Matalan clothing & menswear market shares 2003-2008e 120
Figure 32: Matalan menswear sales & year-on-year growth - years to February 2003-2008e 122
Figure 33: Matalan clothing space allocation 2004-2008 125
Figure 34: Matalan menswear space allocation 2008 126
Figure 35: Moss Bros clothing & menswear market shares 2003-2008e 131
Figure 36: Moss Bros menswear sales & year-on-year growth - years to January 2003-2008 133
Figure 37: Moss clothing space allocation 2008 136
Figure 38: Cecil Gee menswear space allocation 2008 139
Figure 39: Next clothing & menswear market shares 2003e-2008e 145
Figure 40: Next menswear sales & year-on-year growth - years to January 2003e-2008e 148
Figure 41: Next clothing space allocation 2004-2008 152
Figure 42: Next menswear space allocation 2008 152
Figure 43: Primark UK clothing and menswear market shares 2003-2008e 159
Figure 44: Primark UK Menswear sales - years to September 2003e-2008e 162
Figure 45: Primark clothing space allocation 2004-2008 165
Figure 46: Primark menswear space allocation 2008 165
Figure 47: River Island clothing & menswear market shares 2003-2008e 170
Figure 48: River Island UK menswear sales & year-on-year growth - years to December 2003-2008e 173
Figure 49: River Island clothing space allocation 2004-2008 177
Figure 50: River Island menswear space allocation 2008 178
Figure 51: TK Maxx clothing and menswear market shares 2003-2008e 183
Figure 52: TK Maxx UK menswear sales - years to January 2003-2008e 185
Figure 53: TK Maxx clothing space allocation 2004-2008 188
Figure 54: TK Maxx menswear space allocation 2008 188

- Arcadia Group
- Asda (George)
- Debenhams
- JJB Sports
- Marks & Spencer
- Matalan
- Moss Bros
- Next
- Primark
- River Island
- Tk Maxx

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