Clothing Footwear Industry Market Review 2008 Is Out Now.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c86671) has announced the addition of "Clothing & Footwear Industry Market Review 2008" to their offering. The UK market for clothing and footwear was worth an estimated PS48.55bn in 2007, divided between clothing (PS42.45bn) and footwear (PS6.1bn). Together, they account for barely 6% of total consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. , the lowest proportion in history. Like food and heating -- the other basics of human survival -- clothing and footwear have diminished in importance, in relative terms, in the household budget. The main reason for this record low proportion of consumer spending has been the declining prices of these products. Most items of clothing and footwear now cost less than they did at the turn of the century, not only relative to earnings but also in absolute terms (Alg.) such as are known, or which do not contain the unknown quantity. See also: Absolute (i.e. at current prices). In some categories, such as women's outerwear, prices have been falling for even longer, although the amount spent on women's clothing easily exceeds the amount spent on menswear, which has been generally sluggish. The trend towards casual dress has affected men more than women, who require larger wardrobes than ever to clothe themselves for work, formal and informal occasions, sport and family outings. Underpinning the dramatic decline in prices has been the sourcing of clothing and footwear from countries that offer low labour costs. More than 90% of most apparel lines are imported. The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. are the leading exporters, but UK imports as a whole are spread across a range of countries, from Italy and Turkey to Vietnam and Bangladesh. Inevitably, the UK manufacturing base has shrunk dramatically, although exports of luxury and designer products have sustained the remaining industry. Low prices have also been maintained by fierce high-street competition, with numerous distinct sectors competing for the clothing shopper's pound: department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. (e.g. Debenhams), chains such as Marks & Spencer (M&S) and Primark, supermarkets (e.g. ASDA ASDA American Student Dental Association ASDA Australian Sports Drug Agency ASDA American Sleep Disorders Association ASDA American Stamp Dealers Association ASDA Australian Screen Directors' Association ASDA Accelerate-Stop Distance Available and Tesco) and sports chains such as JJB Sports JJB Sports PLC is one of the United Kingdom's leading sports retailers. History The sportshop chain was founded in 1971, when ex-footballer Dave Whelan acquired a single sports shop in Wigan. are all in competition with the specialists, both multiples (led by Next and Arcadia) and independent boutiques. Despite the surfeit sur·feit v. sur·feit·ed, sur·feit·ing, sur·feits v.tr. To feed or supply to excess, satiety, or disgust. v.intr. Archaic To overindulge. n. 1. a. of discounting, polarisation between `cheap' and `luxury' is a growing feature of the market. We predict that the number of consumers who turn their backs on the bargain-basement products will increase in the future. Luxury brands from Europe and the US are spending record amounts on advertising to attract aspiring consumers, and cheap clothing is increasingly being tainted by ethical issues (labour conditions and the environment). However, there is no sign of a major surge in market value, so the share of consumer spending taken by clothing and footwear is likely to continue to fall over the next 5 years (2008 to 2012). Executive Summary Industry Overview Report Coverage Economic Trends Market Size Market Segmentation Market Segmentation A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Industry Structure Global Market Position Key Trends Legislation Key Trade Associations Political Factors Economic Factors Social Factors Technological Factors Introduction Most Popular Retailers Demographic Analysis Demographic analysis uses administrative records to develop an independent estimate of the population [1]. Demographic analysis estimates are often considered a reliable standard for judging the accuracy of the census information gathered at any time. Of Popular Retailers' Customers The Marketplace Market Leaders Table 41: Leading Clothing and Footwear Companies by Turnover (PSm), 2006/2007 Clothing Manufacturers Burberry Group PLC Courtaulds Textiles (Holdings) Ltd Crystal Martin Holdings Ltd Delta Textiles (London) Ltd French Connection Group PLC Jacques Vert PLC Levi Strauss
Levi Strauss, born Löb Strauß UK Ltd Stirling Retail Services Ltd Clothing Retailers Arcadia Group The Arcadia Group is a British company that owns several of the most well-known high street clothing retailers in the UK. These include Topshop, Topman, Miss Selfridge, Burton, Evans, Dorothy Perkins, Wallis and Outfit. Ltd Debenhams PLC Marks and Spencer PLC Mosaic Fashions Ltd Next PLC Primark Stores Ltd Footwear Companies Sportswear Companies Other Major Companies Outside Suppliers Marketing Activity Forecasts 2008 To 2012 Future Trends For more information visit http://www.researchandmarkets.com/reports/c86671 |
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