299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters
Published
Nov 13, 2008
Reading time
2 minutes
Download
Download the article
Print
Text size

UK : Clothes shoppers abandon mid-market

By
Reuters
Published
Nov 13, 2008

By Rhys Jones

LONDON (Reuters) - Mid-market clothes retailers will continue to lose market share to premium stores as shoppers, who have been saturated by product choice in recent years, become more selective, a report released on Thursday said.

The report, published by retail research group Verdict, said mass market operators such as Marks & Spencer, Next and Bhs would continue to lose market share to niche retailers like Ted Baker and Boden.

High-end retailers have increased their share of the 19.4 billion pound womenswear market by 7.5 percentage points over the last five years, during which time mid-market groups have seen their share shrink by 11.2 points, said the report.

"With shoppers having less to spend and becoming more selective in what they buy, clothing retailers will have to stand out from the crowd to win market share, and it is retailers in the largest segment of the market, the middle, that are losing out," said Verdict analyst Maureen Hinton.

Although price-led value retailers have increased their share of the womenswear market by 3.7 percentage points to 24.6 percent since 2003, Verdict said growth in the value segment would slow as demand falls and cost inflation pushes prices up.

"The low cost, low price, high volume trend of the past decade is being replaced by a higher cost, higher price, lower volume model that is better suited to the demands of a changing consumer. The benefit of this is that it operates on a higher margin and can produce higher profit levels," said Hinton.

Verdict forecasts that volume growth in the clothing market will shrink to 2.9 percent over the next five years from 6.7 percent between 2002 and 2007 as consumers shun anonymous high volume goods.

"Consumers are saturated by product from recent years of indulgence and in the current economic environment are being more discerning with their spending," said Jeremy Rance, national head of retail and wholesale for Barclays Commercial in response to the report.

"This is having an impact on the middle market as shoppers buy fewer items but switch to niche and premium brands which have more identity or trade down to value retailers."

(Editing by Victoria Bryan)

© Thomson Reuters 2024 All rights reserved.