Albany, NY -- (SBWIRE) -- 06/14/2018 -- Women's wear has experienced a smart transformation over the years. Today, there are many options for the fashion savvy ladies to choose from. It is well-known that every woman wishes to look fashionable and keep up with the current fashion styles without looking untidy and out of fashion. In 2017, Womenswear market in the UK grows by 3.2%. Recently, a fresh study focusing on the current trends in the womenswear market has been broadcasted to the massive repository of Market Research Hub (MRH), with the title of "Womenswear - UK - May 2018". This research analysis works to highlight the present & future market scenario expected to bring along positive trends for the UK market.
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The key highlight of the report is consumer survey, which provides up-to-date information on behaviors, preferences and habits of the consumer. In the initial section, the report begins with an executive summary of the market sharing key details with market-related data such as issues and insights, market size and forecast value and volume until the end of 2022. For better results, the report looks at where women buy clothing, their attitudes towards shopping for clothes in-store and online. To analyze market revenue, the study includes best and worst-case forecast of UK sales of women's outerwear.
Major Insights from the Study
As reported by the analysts, womenswear market in U.K. will grow by 14% between 2018 and 2022 and projected to reach £33.5 billion. Despite this, the womenswear market is facing challenging times, with many of the major players in the market seeing weaker sales growth. One of the prime reason behind this is the people are shopping around more and have become less brand loyal.
To elaborate further, the market definition and executive summary are followed by the market segmentation, which divides the market into various segments and analyzes their growth prospects. The report also tracks the recent trends and opportunities that are impacting the growth of the women's outwear segment. Research shows that 63% of female shoppers aged 16-24 agree that it's more convenient to shop online for fashion than in-store. Further interest rate rises and the uncertainty over Brexit could lead to women becoming more cautious about their spending on clothing as women are less confident about their finances than men.
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Another vital section of the study highlights a detailed competitive landscape highlighting the launch activity and innovation, market share analysis of some of the leading players in the region. Considering the various challenges in the market, retailers must make sure they have a convincing product offering and a real understanding of what their customers want. Retailers can no longer get by with being average but need to do more to differentiate themselves. In the present time, growth in women's sportswear market finds the study. Currently, Zara is most stylish brand in overall womenswear market.
On the basis of these insights, new entrants and existing companies in the market can make accurate analysis and develop effective strategies.
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