Changing attitudes to plus-size fashion mean the potential market is growing well
London, United Kingdom (PRWEB) September 10, 2013
The Plus-Size Women's Clothing Stores industry has been rapidly expanding over the past five years. Industry growth has been spurred on by a growing customer base and changing attitudes towards plus-size fashion. Television programs, popular celebrities and fashion advertising campaigns have all contributed to changing the perception of plus-size women and the fashion options available to them. According to IBISWorld industry analyst Lewis Sutton, “Plus-size women are increasingly demanding fashionable and trend-led clothing lines, which have not always been available to them in the past.” Industry revenue is expected to rise at a compound annual rate of 6.1% over the five years through 2013-14.
The Plus-Size Women's Clothing Stores industry has also been aided by a growing customer base. Busy modern lifestyles and poor eating habits have contributed to average weights rising in the United Kingdom. As the proportion of the female population requiring plus-size clothes expands, the market for industry operators grows. During 2013-14, industry revenue is projected to increase by 7.9% to £620.4 million. “Despite the positives, external competition is growing, as non-specialist high-street brands and supermarkets have both broadened the range of sizes they stock,” adds Sutton. This trend has the potential to be very detrimental to the industry because these rival companies already have established brand names. This has encouraged some operators to build bricks-and-mortar stores on the high street so they can compete on all levels and reach those consumers that prefer to shop in-store rather than online. Despite external competition, the number of industry operators is expected to grow at a compound annual rate of 9.4% over the five years through 2013-14.
The industry has a high level of market concentration; there are 58 active enterprises in the industry, which have just over 450 establishments between them. However, most operators are small and only have one or two establishments. The major companies in the industry are Evans, JD Williams & Company and Freemans Grattan. The gradual recovery of the UK economy and rising disposable incomes are expected to help the industry over the coming years. Despite intensifying external competition, the industry is projected to continue growing at an impressive rate. Over the next five years, industry revenue is estimated to grow at a compound annual rate of 7.0% and reach £871.6 million in 2018-19. More firms are expected to enter the industry, although at a slower rate than the previous five years as the industry begins to reach saturation. For more information on the Plus-Size Women's Clothing Stores industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.
IBISWorld industry Report Key Topics
Businesses in this industry retail plus-size women’s clothing, which is designed for women that wear clothes of size 14 and above. The industry only includes firms that cater specifically to plus-size women. The industry also covers firms that operate purely online.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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