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Verdict Research: Menswear retailers have faced difficult times, and with inflation returning to the market in 2010 and margins being squeezed, the outlook remains challenging. This report looks at the key issues facing the sector as well as profiling the major retailers in the market including Marks & Spencer, Next, Asda and Tesco.
*10 year value and growth trends in UK menswear expenditure, including sub sectors of men's outerwear and underwear
*Outlook for the market including key issues and growth drivers and inhibitors
*Detailed profiles on 12 of the major players in the market including menswear and clothing market shares for 2005 - 2010e
*A further 9 concise profiles on smaller menswear retailers
Menswear spending shrank by -1.3% in 2009. As we predicted it fell faster than womenswear and childrenswear as it was the first item to be cut from families' clothing budgets during the downturn.
We predict a return to growth, of 4.8%, in menswear spending in 2010 despite weak consumer optimism, fears about tax rises and public sector redundancies and falling real incomes. However, this will be driven by price inflation, which has returned to the menswear market after more than a decade of falling prices.
M&S remains the market leader in menswear with a share of 11.3% in 2010. Though it has improved menswear ranges, particularly in formalwear, it has been impacted by advances by grocers on entry price point merchandise and clothing basics, causing its market share to decline in 2010.
Reasons to Purchase
*Identify the key trends and issues for menswear retailers to exploit opportunities and minimise risk
*Comprehensive profiles provide essential information on business models and performance measures both crucial for benchmarking businesses
*Understand key success drivers using Verdict's detailed insight on major market players
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