Footwear Retailing - UK - August 2010
Report description
* Clarks, the market leader, and other traditional shoe retailers such as M&S and the department stores have been losing customers in the last few years.
* The biggest winners have been sports shops (such as JD and Sports Direct), Primark and New Look (because of their strength in young fashion), the supermarkets and the Internet specialists.
* For nearly two thirds of the population comfort is the most important criterion in buying shoes. There is a bias to older customers in this group.
* But there is a significant minority (around a third) for whom style is most important.
* Shoe lovers are a smaller proportion again- around 20% -but they buy more shoes and so are proportionately more important to retailers.
* Over a quarter of all consumers only buy shoes to replace ones that are worn out. Those who are purely price led represent a much smaller proportion, around 11%. Of more interest to shoe retailers are the 23% who shop around for the right style and fit.
Table of contents
Key themes
Definitions
Abbreviations
Market in Brief
Difficult times and some positive signs
Moving off the bottom
Market leaders losing customers
Shopping habits
Shopping attitudes and target groups
The shape of the sector going forward
Specialists vs non-specialists
Broader Market Environment
Key points
Demographics
The Election
The deficit
Interest rates
Implications for consumers
Implications for footwear retailers
Strengths and Weaknesses
Strengths
Weaknesses
Competitive Context
Key points
Spending on footwear and spending on clothing
Figure 1: Consumer spending on clothing and footwear at current prices, 2005-09
Figure 2: Consumer spending on clothing and footwear at constant 2005 prices, 2005-09
Impact of recession
Inflation
Figure 3: Clothing and footwear inflation, 1997-2009
Sector Size and Forecast
Key points
Retail forecasts
Figure 4: UK: Footwear specialists’ sales, 2005-15
Outlook
Fashion retailers
Other specialists
Specialists share of all non-food retailing
Figure 5: Footwear specialists’ sales as % all non-food retailers’ sales, 2005-15
Outlet and enterprise data
Figure 6: UK: Footwear Retailers, number of outlets and enterprises, 2003-08
Channels of Distribution
Figure 7: Footwear: Estimated channels of distribution, 2009
Specialists
Department stores
Supermarkets
Home shopping
Clothing and sports shops
Other
Retail Competitor Analysis
Key points
Leading retailers
Mergers, acquisitions and administrations
Non-specialists
Share of spending on footwear
Figure 8: Retailers of footwear: Share of all footwear spending, 2009
Leading players
Figure 9: UK: Leading footwear retailers, 2008/09
Market shares
Figure 10: UK: Leading retailers’ share of specialists’ sales, market share, 2008/09
Retail Advertising and Promotion
Advertising expenditure by retailer
Figure 11: Advertising spend, by footwear retailers and brands, 2005-09
Advertising expenditure by media
Figure 12: Footwear: Advertising, by media used, 2009
Figure 13: Footwear: Advertising, by media used, 2009
Who Shops Where?
Key points
Where people buy footwear
Figure 27: UK: Footwear, who shops where?, May 2010
Trend data
Figure 28: UK: Footwear, shopper numbers, 2004-10
Customer profiles
Figure 29: UK: Customer profile of footwear shops, May 2010
Cross shopping
Figure 30: UK: Places from where footwear bought for self in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010
Footwear Shopping Habits
Key points
Shopping habits
Figure 31: UK: Footwear, shopping habits in the last year, May 2010
Habits by age and affluence
Figure 32: UK: Footwear, shopping habits, by age and affluence, May 2010
Shopping habits of shoppers at particular chains
Figure 33: UK: Shopping habits in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010
A Jones & Sons Plc
Figure 42: A Jones & Sons Plc: Sales as share of footwear, leather goods in UK, 2004-08
Background
Financial performance
Figure 43: A Jones & Sons Plc: Group financial performance, 2005-09
Store portfolio
Figure 44: A Jones & Sons Plc: Outlet data, 2005-09
Retail offering
Barratts Priceless
Figure 45: Stylo Plc: Sales as share of footwear, leather goods in UK, 2004-09
Strategic evaluation
Recent history
Financial performance
Figure 46: Stylo Plc: Group financial performance, 2004/05-2008/09
Store portfolio
Figure 47: Stylo Plc: Outlet data, 2004/05-2008/09
Retail offering
Market positioning
Brands
Product offer
Pricing
Advertising and marketing
e-commerce and home shopping
Space allocation
Brantano (Macintosh Retail Group)
Figure 48: Brantano: UK sales as share of UK footwear specialists’ sales, 2005-09
Strategic evaluation
A turnaround plan?
Recent history
Financial performance
Figure 49: Brantano: Financial performance, 2005-09
Store portfolio
Figure 50: Brantano: Outlet data, 2005-09
Retail offering
e-commerce and home shopping
C&J Clark
Figure 51: C&J Clark: Sales as share of footwear, leather goods in UK, 2005-09
Strategic evaluation
Recent history
Financial performance
Figure 52: C&J Clark Group: Group financial performance, 2005/06-2009/10
Store portfolio
Figure 53: C&J Clark Group: Outlet data, 2005/06-2009/10
Retail offering
Market positioning
Brands
Product offer
Pricing
Advertising and marketing
e-commerce and home shopping
The Dune Group
Figure 54: Dune Group: Pro-forma sales as share of footwear, leather goods in UK, 2004/05-2008/09
Strategic evaluation
Recent history
Financial performance
Figure 55: Dune Group: Group financial performance, 2004/05-2009/10
Store portfolio
Figure 56: Dune Group: Outlet data, 2005-10
Retail offering
Market positioning
Brands
Product offer
Pricing
Advertising and marketing
e-commerce and home shopping
Space allocation
Footlocker Ltd
Figure 57: Footlocker Ltd: Sales as share of sports in UK, 2004-08
Background
Financial performance
Figure 58: Footlocker Ltd: Group financial performance, 2004-08
Store portfolio
Figure 59: Footlocker Ltd: Outlet data, 2004-08
Retail offering
Kurt Geiger Ltd
Figure 60: Kurt Geiger Ltd: Sales as share of footwear, leather goods in UK, 2004-08
Strategic evaluation
Recent history
Financial performance
Figure 61: Kurt Geiger Ltd: Group financial performance, 2004/05-2008/09
Store portfolio
Figure 62: Kurt Geiger Ltd: Outlet data, 2004/05-2008/09
Retail offering
Market positioning
Brands, product offer and pricing
Advertising and marketing
e-commerce and home shopping
Office Holdings Ltd
Figure 63: Office Holdings Ltd: Sales as share of footwear, leather goods in UK, 2004-08
Strategic evaluation
Recent history
Financial performance
Figure 64: Office Holdings Ltd: Group financial performance, 2004/05-2008/09
Store portfolio
Figure 65: Office Holdings Ltd: Outlet data, 2004/05-2008/09
Retail offering
Market positioning
Brands, product offer and pricing
Advertising and marketing
e-commerce and home shopping
Russell & Bromley Ltd
Figure 66: Russell & Bromley Ltd: Sales as share of footwear, leather goods in UK, 2004-08
Strategic evaluation
Recent history
Financial performance
Figure 67: Russell & Bromley Ltd: Group financial performance, 2004-08
Store portfolio
Figure 68: Russell & Bromley Ltd: Outlet data, 2004-08
Retail offering
Market positioning
Brands, product offer and pricing
Advertising and marketing
e-commerce and home shopping
Schuh Ltd
Figure 69: Schuh Ltd: Sales as share of footwear, leather goods in UK, 2004-08
Strategic evaluation
Recent history
Financial performance
Figure 70: Schuh Ltd: Group financial performance, 2004/05-2008/09
Store portfolio
Figure 71: Schuh Ltd: Outlet data, 2004/05-2008/09
Retail offering
Market positioning
Brands, product offer and pricing
Advertising and marketing
e-commerce and home shopping
Shoe Zone Group Ltd
Figure 72: Shoe Zone Group Ltd: Sales as share of footwear, leather goods in UK, 2005-09/10
Strategic evaluation
Recent history
Financial performance
Figure 73: Shoe Zone Group Ltd: Group financial performance, 2004-10
Store portfolio
Figure 74: Shoe Zone Group Ltd: Outlet data, 2005-09/10
Retail offering
Market positioning
Brands
Product offer
Pricing
Advertising and marketing
e-commerce and home shopping
Twinmar Ltd
Figure 75: Twinmar Ltd: Sales as share of footwear, leather goods in UK, 2004-08
Strategic evaluation
Background
Financial performance
Figure 76: Twinmar Ltd: Group financial performance, 2004-08
Store portfolio
Figure 77: Twinmar Ltd: Outlet data, 2004-08
Retail offering
e-commerce
Appendix – Broader Market Environment
Background tables
Figure 78: Trends in the age structure of the UK population, 2005, 2010 and 2015
Figure 79: Trends in the age structure of the UK population, 2005, 2010 and 2015
Figure 80: Trends in the age structure of the UK population, 2005, 2010 and 2015
Figure 81: Forecast adult population trends, by socio-economic group, 2005, 2010 and 2015
Figure 82: Forecast adult population trends, by lifestage, 2005, 2010 and 2015
Figure 83: GDP, PDI, consumer expenditure and savings, at current prices, 2005-15
Figure 84: GDP, PDI, consumer expenditure and savings, at constant 2010 prices, 2005-15
Appendix – Who Shops Where?
Figure 85: Places from where footwear bought for self in the last 12 months, by demographics, May 2010
Figure 86: Places from where footwear bought for self in the last 12 months, by demographics, May 2010 (continued)
Figure 87: Places from where footwear bought for self in the last 12 months, by demographics, May 2010 (continued)
Figure 88: Places from where footwear bought for self in the last 12 months, by demographics, May 2010 (continued)
Figure 89: Places from where footwear bought for self in the last 12 months, by demographics, May 2010 (continued)
Figure 90: Places from where footwear bought for self in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010
Figure 91: Places from where footwear bought for self in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010 (continued)
Appendix – Footwear Shopping Habits
Figure 92: Shopping habits in the last 12 months, by demographics, May 2010
Figure 93: Shopping habits in the last 12 months, by demographics, May 2010 (continued)
Figure 94: Shopping habits in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010
Figure 95: Shopping habits in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010
Figure 96: Shopping habits in the last 12 months, by places from where footwear bought for self in the last 12 months, May 2010
Figure 97: Places from where footwear bought for self in the last 12 months, by shopping habits in the last 12 months, May 2010
Figure 98: Places from where footwear bought for self in the last 12 months, by shopping habits in the last 12 months, May 2010 (continued)
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