Verdict sector series: Accessories 2016

Summary
Women’s footwear is the largest footwear sub-sector in 2016; while children’s is the smallest at 18%. The footwear market will be driven by volumes in the five years to 2021; while high leather costs will prevent the sector from becoming deflationary until 2019. The 25-44s have the highest spend per head on footwear in 2016; with the 25-34s holding the largest share of the footwear market by age.

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Key Findings
– Men will take more of an active interest in personal appearance and fashion, and be more willing to buy into trend-led footwear, leading the men’s footwear market to make the maximum gains of all footwear sub-sectors to 2021.

– Retailers will capitalise on consumers’ growing interest in fitness , sports and the ‘at leisure’ trend to drive more wants-driven purchases of sports footwear, via better fashion incorporation, broader choice and enhanced availability.

– An ageing population, persistence of foot problems and stubbornly high obesity levels will boost the demand of wide fit and comfort fit footwear; putting pressure on retailers to respond to consumers’ keener interest in finding more comfortable, well-fitting footwear – driving spend per head

Synopsis
The footwear sector report offers a comprehensive insight into the footwear market in the UK, analysing the market, the major players, the main trends, and consumer attitudes.

It provides in-depth analysis of the following:

– What people buy

– Where people shop

– How people shop

– Why people shop

Reasons To Buy
– Utilise the detailed market data and insight to help form an effective growth strategy across the footwear market

– It covers forecasts to 2021, covering women’s, men’s and children’s footwear.

– Identifies the drivers and inhibitors operating on the market helping to inform growth strategy.

– Detailed look at channel and retailer shares in this market

– Understand the opportunities in the market by learning who shops for footwear, how frequently they shop and what drives their store selection.

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This release was published on openPR.