Published on : Aug 04, 2016
ALBANY, New York, August 04, 2016: ResearchMoz.us has announced the addition of a new report, titled “UK Value Clothing Market 2016-2021,” to its offering. The report includes a comprehensive study of the drivers, restraints, and trends in the market during the forecast period. It offers in-depth analysis of the key players, their contribution in the vertical and customers’ attitude towards their products. The report thus provides quantitative and qualitative insights into the UK value clothing market.
The report shows an exponential rise in the value clothing industry over the past 15 years, outperforming the general clothing market. Value shoppers are more actively contributing to the clothing sector than other shoppers. According to the report, 42.7% of value shoppers shop from value retailers at least once a month, while only 36.4% of all clothing shoppers buy clothing at least once a month. The report estimates the UK value clothing market to grow at a CAGR of 23.6% during the 2016-2021 forecast period.
The report mentions various drivers, restraints, and opportunities for the growth of the market. The increasing involvement of shoppers in buying affordable fast fashion is likely to boost the growth of the UK value clothing market. In recent times, a rise in the demand for value menswear has bolstered the growth of the value clothing market in the UK. Moreover, with a tremendous growth rate of 29.2%, the value menswear segment is anticipated to outperform the womenswear market in the forecast period.
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The increasing notion of quality over money has resulted in a great opportunity for growth of the UK value clothing market. Vendors are shifting their imperative focus towards producing superior value clothes. The increased presence of buyers online is also likely to open new avenues for the value clothing market in the UK. However, this has reduced the footfall at stores, adversely affecting the sales of value clothing stores.
The report presents a descriptive overview of the UK value clothing market and answers some of the most important questions stakeholders are presently faced with, which have also been presented as categories in the report. By providing information about questions such as what people buy, where people shop, how people shop, why people shop, the authors of the report have explained the market dynamics, overall sector size and growth, distribution channels, key players and their market shares.
The report also covers recent shifts in the UK value clothing market and the shoppers’ response to the changes. The market has been segmented into womenswear, menswear, children’s wear, and accessories. The market share and growth projections of these segments form an important part of the report.
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