"The Report The UK
Menswear Market 2016-21 provides information on pricing, market
analysis, shares, forecast, and company profiles for key industry
participants. - MarketResearchReports.biz"
Summary
The menswear market will be the
strongest performer out of all clothing sectors with estimated growth
of 19.9% in the next five years. A big contributor behind this growth
is that men are becoming more conscious of trends and their
appearance, presenting opportunities for players to gain sales and
share through more frequent newness and more trend-led, fast-fashion
products. However, the sector is not without its problems, as the
weakened pound will force price rises and put added pressure on
retailer margins.
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Report @ http://www.marketresearchreports.biz/analysis/938570
Key Findings
- The athleisure trend continues
to boost menswear sales. Mens growing interest in health and fitness
is driving the trend for athleisure clothing, which will fuel the
demand for high quality sports products, and sportswear that can be
easily worn as casualwear. This provides an opportunity for sports
retailers JD Sports, Nike and Sports Direct, as well as
non-specialists such as Whistles and departments stores to expand
their premium sports offers.
- Menswear is an increasingly
competitive market with more retailers entering the market and
expanding their ranges. Value players, which previously overlooked
menswear in favour for womenswear are particularly keen to invest due
to the increased interest by men in trend-led products. New Look
rolled out standalone menswear stores in 2016, while Boohoo.com
launched a dedicated menswear platform.
- With both premium and value
price points outperforming, the midmarket has been squeezed with
growth of just 8% between 2011 and 2016. Mens growing interest in
value clothing, triggered by a desire for more affordable fashion,
means sales of value price point clothing will be the fastest growing
in the five years to 2021. However, mens focus on quality and
longevity will mean that brands and premium price points will also
outperform the wider market.
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Synopsis
The UK Menswear Market 2016-21 is
part of GlobalDatas sector analysis series, which provides deep
quantitative and qualitative insight into the menswear market, with
forecasts up to 2021. Key trends in the market are analyzed,
including the impact of inflation, the growing importance of fashion,
intensifying competition and how to reach underserved shoppers. The
report provides in-depth analysis of the following: key issues,
strategies for success, market size and forecasts, retailer profiles
and their market shares, and future outlook. Our comprehensive
consumer chapter also provides a detailed insight into what, how and
where consumers are buying menswear.
ReasonsToBuy
- Use GlobalDatas market size
price segmentation forecast to 2021 to uncover which menswear
retailers will be the most squeezed, and uncover how retailers can
hold onto shoppers and encourage spend.
- Use our retailer positioning map
to identify gaps in the market and discover those consumers who are
currently underserved. It can also be used to understand how, as a
retailer, you can differentiate yourself in an increasingly crowded
market.
- Use our average spend per head
data by age group to identify which consumers to target and how to
drive further spend from them.
- Learn from the best and worst
retailers for instore visual merchandising, online propositions and
trend incorporation by using our company analysis and retailer
profiles, and apply this knowledge to your own business.
- Use our consumer data on what
clothing sizes men bought across different product categories to help
with more precise and accurate investment when sourcing and buying
menswear.
Table of Contents
The hot issues
What people buy
Where people shop
How people shop
Why people shop
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