Footwear Retailing - UK - May 2008

Table of Contents

• Issues in the Market
• Key themes
• Definition
• Abbreviations
• Market in Brief
• What price market growth?
• Footwear failures
• Not all doom and gloom
• Even Amazon now sells shoes
• Fashion drivers
• Let' s hear it for the boys
• But it' s not all about fashion
• How cheap is cheap?
• Clarks stands out
• New channels
• Future
• Industry Insight
• Key findings
• Running to keep up
• Some like it cheap
• Tight on ideas
• Online on target
• She' s got to have it
• Competitors all around
• Non-specialists are serious contenders
• Specialists fight back
• Got to go
• There' s always hope
• Challenges won' t go away
• There' s always next year
• Internal Market Environment
• Key findings
• Spending on footwear
  • Figure 1: Spending on footwear, 2003-08
• Mid-market price squeeze
• Growth in the aspirational sector
• Price deflation
  • Figure 2: UK: Inflation on clothing and footwear, 2002-07
• EU duties
• Rising costs
• Consolidation in the sector
• Fast fashion
• Expansion of retailers
• Role of brands
  • Figure 3: Top ten women' s mainstream and contemporary footwear brands, week ending 12 January 2008
  • Figure 4: Top ten men' s mainstream and contemporary footwear brands, for the week ending 12 January 2008
• Broader Market Environment
• Key findings:
• PDI spending
  • Figure 5: PDI and consumer expenditure, at constant 2002 prices, 2002-12
• Cost of living rises
  • Figure 6: GfK NOP consumer confidence index, December 2006-December 2007
• More affluent consumers
  • Figure 7: Adult population trends, by socio-economic groups, 2002-12
• Challenges from changing demographics
  • Figure 8: adult population trends, by socio-economic groups, 2002-12
• Market in Context
• Key findings
• Footwear, clothing and accessories
  • Figure 9: Spending on garments and footwear, incl VAT, 2002-07
• Footwear in context of spending overall
  • Figure 10: Overall expenditure rankings, 2002-06, Mintel' s British Lifestyles Report 2007
• Spending priorities
  • Figure 11: Spending priorities for 2007, by lifestage, Mintel' s British Lifestyles Report, 2007
• Impulse buying
  • Figure 12: Impulse purchasing footwear, clothing and value clothing 2007
• Strengths and Weaknesses in the Market
• Market Size and Forecast
• Key findings
• Spending struggling to grow
  • Figure 13: UK: Spending on footwear, 2002-07
• Bigger share for non-specialists
• Changes need to be made
• The transition from manufacturing to retailing
  • Figure 14: Footwear specialists sales, UK, 2002-07
  • Figure 15: Footwear retail, enterprises, UK, 2001-06
  • Figure 16: Footwear specialist sales and spending on footwear, 2008-13, at current and constant 2008 prices, excl VAT, 2003-2013
• Looking to the future
• Factors used in the forecast
• Where They Buy Footwear
• Key findings
• Who buys where
  • Figure 38: Where they buy footwear, 2004, 2006 and 2008
  • Figure 39: Where they buy footwear, February 2008
• Stores with focus have a clearer target
• Mixed purchasing pattern
  • Figure 40: Where they buy footwear, by gender, age and socio-economic groups, February 2008
• Male fashion stores
• Enticing existing customers
  • Figure 41: Where they buy footwear, by gender, age and socio-economic groups, February 2008
• Young are open to new ideas
• Value footwear exposed
  • Figure 42: Where they buy footwear, by gender, age and socio-economic groups, February 2008
• How Much They Spend
• Key findings
• Cheap shoe myth?
  • Figure 43: How much they spend on a pair of shoes, February 2008
• Income not the only factor
  • Figure 44: How much they spend per pair of shoes, by gender, age and socio-economic groups, February 2008
• Spending by leading retailers
  • Figure 45: Spend per shoe pair, by Next, M&S and department stores, February 2008
  • Figure 46: Spend per shoe pair, by Next, M&S and department stores, February 2008
• Retail Competitor Analysis
• Key findings
• Specialist retailers
  • Figure 57: UK: Leading specialist footwear retailers, 2006-07
• Changing market share
  • Figure 58: Footwear retailers, market share, 2006/07 (est)
• Non-specialist sector
  • Figure 59: Estimated market share of leading non-specialists, 2008
• Retailer Profiles
• Key findings
• Prospects for leading specialist players
  • Figure 60: Market leaders' potential, 2008
• Main specialists
• C&J Clark (UK)
  • Figure 61: C&J Clark Group: Group financial performance, 2002-07
• Brantano
  • Figure 62: Brantano UK: Financial performance, 2002-07
• Faith
  • Figure 63: Faith group, financial performance, 2002-07
• Kurt Geiger
  • Figure 64: Kurt Geiger, group financial performance, 2003-07
• Russell & Bromley
  • Figure 65: Russell & Bromley, group financial performance, 2002-06
• Schuh
  • Figure 66: Schuh, group financial performance, 2003-07
• Shoezone
  • Figure 67: Shoezone, group financial performance, 2003-07
• Shoe Studio Group
  • Figure 68: Shoe Studio, group financial performance, 2002-06
• Stylo
  • Figure 69: Stylo, group financial performance, 2003-07
• Smaller specialists
• Jones the Bootmaker
• Dune
• Bally Shoe Factories Ltd
• Ecco
• Scholl Footwear Ltd
• Office Holdings Ltd
• Footlocker Ltd
• LK Bennett
• Non-specialist retailers
• Marks & Spencers
• New Look
• Next
• Debenhams
• Bhs
• Matalan
• Peacocks
• Primark
• Asda
• Tesco Plc
• JJB Sports
• Sports Direct International
• Retail Advertising and Promotion
• Key findings
• Advertising spend versus sales
  • Figure 70: Footwear advertising expenditure and sales, 2003-07
• Adspend by advertiser
  • Figure 71: Advertising spend, by retailer/brand, 2003-07
• Appendix
• Advertising data
• Appendix -- Where They Buy Footwear
  • Figure 72: Where they buy footwear, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
  • Figure 73: Where they buy footwear, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
  • Figure 74: Where they buy footwear, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
  • Figure 75: Where they buy footwear, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
  • Figure 76: Where they buy footwear, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
• Appendix -- How Much They Spend
  • Figure 77: What they spend on a pair of shoes, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
  • Figure 78: What they spend on a pair of shoes, by Mintel' s Special Groups, region, ACORN categories, technology users, daily newspapers, commercial TV viewing and supermarket used, February 2008
  • Figure 79: Spend per pair, by footwear retailer, February 2008
  • Figure 80: Spend per pair, by footwear retailer, February 2008
  • Figure 81: Spend per pair, by footwear retailer, February 2008