New Jersey, NJ -- (SBWIRE) -- 10/12/2022 -- HTF Market Intelligence released a new research report of 72 pages on title 'UK: Clothing & Footwear: Footwear Market' with detailed analysis, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones.
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The UK Footwear Market 2019-2024 report offers comprehensive insight and analysis of the footwear market (including forecasts up to 2024), the major players, the main trends, and consumer attitudes. It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes and forecasts, retailer profiles, retailer market shares, consumer data and future outlook. The report focuses on women's footwear, men's footwear and children's footwear. Consumer data is based on our 2019 How Britain Shops survey using a panel of 10,000 nationally representative consumers, and also our 2019 UK clothing & footwear survey, using a panel of 5,000 nationally representative shoppers.
UK footwear spend is expected to rise by 7.0% to £9.0bn out to 2024, almost in line with the increase between 2014 to 2019. From 2021, growth will be driven by volumes, as consumer confidence is expected to slowly recover once shoppers have more certainty regarding Brexit and can begin to make more wants-driven purchases.
Scope
- Comfort and fit continue to rank as the most important purchase drivers for footwear
- The online channel will continue to outperform, with a growth of 29.9% forecast out to 2024.
- Clothing retailers are forecast to overtake footwear specialists as the leading footwear channel, with a share of 31.0% in 2019.
- JD Sports is forecast to remain the footwear market leader, with its market share having grown by 0.7ppts since 2018.
Reasons to buy
- Learn how drivers of footwear purchases, such as price, quality and customer service, change in importance among different demographics in order to maximise your sales potential.
- Uncover the weaknesses in Clarks' footwear proposition to assess how you can steal its shoppers.
- Use our five-year category forecasts (women's footwear, men's footwear and children's footwear), to enable you to optimise your range selection for future seasons.
- Identify online fulfilment preferences across demographics, to help you prioritise digital investments.
Companies Mentioned in the Report:
Adidas
Aldo
AllBirds
Amazon
Ambrose Wilson
ASDA
ASOS
boohoo.com
Clarks
Debenhams
Deichmann
Dr Martens
Dune
eBay
Ecco
Footasylum
Hotter
JD Sports
Kurt Geiger
Marks & Spencer
Matalan
MissPap
Net-a-Porter
New Balance
New Look
Next
Nike
Office
Pavers
PrettyLittleThing
Primark
Public Desire
Puma
Reformation
River Island
Runners Need
Sainsbury's
Schuh
Selfridges
Shoe Zone
Skechers
Sports Direct
Tesco
TK Maxx
Topshop
Vans
Veja
Zara
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Table of Contents:
THE HOT ISSUES
Market drivers and inhibitors in footwear
Main issues in footwear:
Brands' focus on direct-to-consumer channels will significantly impact multi-branded sports retailers
Untapped potential for footwear specialists among 16-24s as spend currently driven by sports and clothing retailers
Sustainability and vegan options will become more important in footwear
Differentiation, inspiration and engagement needed to encourage wants-driven footwear purchases
Strategies for success
WHAT PEOPLE BUY
Headlines
The sector at a glance
The sector in context
Overall sector size
Overall sector growth
Category growth in footwear
Category dynamics: women's footwear
Category dynamics: men's footwear
Category dynamics: children's footwear
Spend per head
Online penetration
Online market size and growth rates
WHERE PEOPLE BUY
Channels of distribution
Channel preference
Location preference
Market shares....Continued
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