Higher disposable incomes due to wage growth recovery, combined with a rise in consumer confidence, will drive discretionary purchases and volumes in 2014, while better trend adaptation from the catwalks will drive shoppers to buy more on-trend footwear styles, aiding expenditure growth of 2.6%.
Key Findings
Provides data and insight on UK Footwear Retailing Market Research Report, market size, sales and growth rates for footwear overall and by channel, helping to identify growth opportunities.
Provides expenditure breakdown across the value, midmarket and premium footwear sectors highlighting the areas which offer the most growth potential.
Forecasts expenditure and spend per head for women’s, men’s and children’s footwear to 2019, highlighting the sectors with the most growth potential
Footwear expenditure forecast to 2019 and analysis of volume growth and inflation, aiding future planning and strategizing
Market issues are examined: consumer demographic analysis, online growth prospects, niche product opportunities and drivers of children’s footwear.
2014 has seen a conscious effort from retailers to introduce more transpersonal footwear to prevent a repeat of 2013’s poor performance, which was impacted by unseasonable weather. Being proactive in adapting product ranges is key, while reacting to short-term changes in the weather through marketing is also vital to better suit consumer needs.
Consumers will place quality, comfort and style over price as loyalty drivers and will trade back up to the midmarket and premium brands they love, aiding these segments of the market to grow by a total of GBP917m in the next five years to 2019.
The UK online footwear market is forecast to grow by 156.9% in the five years to 2014, as spend shifts from more traditional shopping methods and multichannel retailers such as Schuh, Office and Next continue to invest in their platforms and increase footwear product availability online.
Key topics covered in this topic:
UK Footwear Retailing Market Research Report
UK Footwear Retailing Market Forecast
UK Footwear Retailing Market Revenue
UK Footwear Retailing Market Size
UK Footwear Retailing Market Future Outlook
UK Footwear Retailing Analysis
UK Footwear Retailing Opportunities
UK Footwear Retailing Market Competition
UK Footwear Retailing Market Trends
UK Footwear Retailing Market Shares
UK Footwear Retailing Market Growth Analysis
UK Footwear Retailing Market Value
UK Footwear Retailing Market Studies
UK Footwear Retailing Market Industry Developments
UK Footwear Retailing Industry Size
UK Footwear Retailing Market Insight
UK Footwear Retailing Market Competition Analysis
UK Footwear Retailing Market Sales Growth
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