Footwear Retailing in the UK | Verdict Market Report

  • EXECUTIVE SUMMARY
    • Key findings
      • (Untitled sub-section)
    • Main conclusions
      • Footwear expenditure growth the second lowest since 2000
      • Not until 2013 can we expect growth to accelerate, and then only marginally
      • Trading up and down drives women's footwear spending and leave middle market exposed
      • Opportunities to drive more men's footwear sales
      • The resilience of spending on children's footwear will be challenged by value retailers
      • Specialists find it tough as non-specialists expand footwear ranges
      • Further consolidation among value specialists
      • Yet specialists like KG, Office and Schuh will prosper
      • Midmarket battles over shoppers
      • Abolition of anti-dumping duties provides more flexibility in margin
      • Clothing retailers pile on the pressure
      • Clear communication secret to cashing in on Olympics
      • Multichannel a must
  • FOOTWEAR STRATEGIC OPPORTUNITIES
    • Multichannel
    • Space efficiency crucial
    • Fashionability
    • Specialists need to play on their strengths and differences to win
    • Sportswear specialists focus on footwear
    • To drive volumes
  • FOOTWEAR MARKET
    • Market definition and analysis
    • Footwear market spending trends
      • Women's footwear continues to drive the market
      • Second lowest growth in footwear this century
      • Low consumer expenditure hits specialists hardest, forcing further market consolidation
      • Improved consumer confidence and fashion trends will facilitate market recovery from 2014
      • End of anti-dumping tariffs set to ease inflationary pressures for retailers
      • Price hikes more tricky to disguise in footwear
  • FUTURE MARKET GROWTH
    • Men's footwear makes big growth improvement from low base
      • Women's footwear set to account for almost 50% of total footwear expenditure
      • Clothing retailers partnering with specialists
      • Value players drive volumes in women's footwear
      • Spend per head set to improve as consumers opt for quality or high volumes of low price footwear
  • SURVIVING SPECIALISTS STILL UNDER THREAT FROM CLOTHING RETAILERS
    • Specialist share of the market is squeezed further in 2012 – and will continue to be
      • Future challenges for specialists
      • Winning specialists …
      • … have something non-specialists will find hard to achieve
  • ONGOING THREAT OF SPORTSWEAR SPECIALISTS
    • Share of the market forecast to grow further
      • Footwear gets more focus at sportswear specialists – transferring further share from elsewhere
      • Olympics should boost sales in sportswear specialists
      • Enhanced service levels could grow market presence further
      • Branded offer and value propositions appeal to younger shoppers
      • Customers of JD Sports and Sports Direct shop around less – concerning for competitors
      • JJB's cash injection could change dynamics of sportswear specialist channel
      • Overcoming threats and weaknesses will strengthen sportswear specialists market position
  • SPACE PRODUCTIVITY BECOMES INCREASINGLY IMPORTANT IN FOOTWEAR RETAILING
    • (Untitled section)
      • Sales vs space growth must be examined at underperforming retailers
      • Brantano and Shoe Zone Group have least productive space
      • Online will increasingly contribute to low space productivity …
      • … making smaller stores a more profitable option for specialists
      • Schuh and Office stand out from the footwear crowd
  • FOOTWEAR RETAILERS MUST IMPROVE ONLINE CAPABILITIES
    • (Untitled section)
      • Online operations must be pursued to keep up with competitors
      • Stores and online functionality should work hand in hand
      • Utilise online facilities instore to boost sales
      • Retailers need to address footwear shoppers' concerns with online buying
  • MARKET SHARE ANALYSIS
    • Footwear market share methodology
    • Winners and losers
      • Specialists struggle in an increasingly competitive market
      • Clothing specialists continue to steal share in the footwear market
      • Grocers best able to compete on price
  • APPENDIX
    • Definitions
      • Current prices
      • Inflation
      • Constant prices
      • Total growth
      • Volume growth
    • Further reading
    • Ask the analyst
    • Verdict consulting
    • Disclaimer
  • TABLES
    • Table: Footwear market definition 2012
    • Table: Summary of footwear market segments 2012e
    • Table: Footwear sales and y-o-y changes 2002–12e
    • Table: Footwear sales breakdown 2008–16e
    • Table: Footwear market shares for specialists 2007–12e
    • Table: Footwear market shares for non-specialists 2007–12e
  • FIGURES
    • Figure: Key issues in footwear retailing in 2012
    • Figure: Segmental breakdown of the footwear market 2002 and 2012e
    • Figure: Market share trends in footwear 2012 on 2007
    • Figure: Footwear positioning map 2012
    • Figure: Footwear inflation/deflation, volume and value growth 2008–16e
    • Figure: Footwear and clothing inflation/deflation 2008–16e
    • Figure: Footwear expenditure vs spend per head forecast to 2016
    • Figure: Footwear expenditure growth and spend per head segmental forecast to 2016e
    • Figure: Women's footwear trends 2012
    • Figure: Clarks marketing 2012
    • Figure: Men's footwear trends 2012
    • Figure: Footwear market share 2007–12e
    • Figure: Challenges for footwear specialists
    • Figure: Footwear specialists market share
    • Figure: Limitations of non-specialist footwear retailers
    • Figure: Concentration of main user share of Top Five footwear retailers in 2012
    • Figure: Sports specialists market shares 2008–12
    • Figure: SWOT analysis for development of future strategies at sportswear specialists
    • Figure: UK sales growth vs space growth 2010/11e
    • Figure: Footwear retailers' sales densities 2009/10e and 2010/11e
    • Figure: Footwear retailers operating margins % 2005/06 and 2010/11
    • Figure: Retailers est space growth, sales density and operating margins 2010/11
    • Figure: Multichannel optimisation 2012
    • Figure: Barriers to online footwear shopping for retailers to overcome
    • Figure: Clarks footwear sizing and fit guide 2012
    • Figure: Dune transactional website and catwalk videos April 2012
    • Figure: Online footwear advice and blogs 2012
    • Figure: Footwear Top 18 market shares 2007 and 2012e
    • Figure: Footwear Top 18 – market share winners & losers 2012e on 2011

Report

Published by
Verdict
Published on
15 May 2012
Product code
CM00202-002
Pages
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