Fashion retail on both sides of the Atlantic is plagued with store closures. In the UK, once great names in retail such as Topman and Topshop are facing difficulties. Even Marks & Spencer (M&S) plans to close more than 100 stores before 2022, and most of the 53 stores belonging to House of Fraser are rumoured to be set for closure. The troubles of the sector are blamed on the growth of online sales, as more consumers are choosing to shop in the comfort of their own homes on their computers, tablets or smartphones. However, two fundamental drawbacks of online shopping are the inability to try on clothing before buying it and the time consumed and cost incurred when returning unwanted items. Consequently, despite the convenience which online shopping provides, many consumers would still prefer to visit real shops, browse the clothing on offer and try it on for size and fit before committing themselves. In fact, some of the losses in share suffered by established "bricks and mortar" retailers in recent years have been picked up by discount stores such as Tesco, Primark and TK Maxx. In this report, Robin Anson analyses changes in consumer buying habits and their consequences for bricks and mortar stores—with particular reference to some of the UK's leading retailers. Furthermore, he discusses how bricks and mortar retailers can respond positively to the challenge from online retailers, and examines what can be done to attract the attention of consumers and tear them away from their devices.
| Global Apparel Markets provides intelligence, analysis and insight on the global apparel industry. | |
| What's in it? Each issue contains: essential information on trade and trade policy; news from leading brands, companies and other organisations; analysis of key geographical markets; and expert opinions on strategy. A single issue of Global Apparel Markets includes: practical and strategic advice from industry experts a report on a key geographical market a round-up of the latest product innovations a feature on trade and trade policy comprehensive information on the latest business developments An annual subscription to Global Apparel Markets is a cost-effective way to keep informed about trends and developments in the global apparel industry. Subscriptions are available in printed and/or digital formats. Printed and digital subscribers receive each issue in printed format in addition to a digital PDF file, which is available immediately on publication. Subscribers also receive a complementary digital subscription to Global Apparel Update, delivered directly by email once a month. This free supplement contains essential information on business news and the latest product developments. Like all Textiles Intelligence publications, Global Apparel Markets is a reliable source of independently sourced business information, and it does not carry advertising. |