| KN18054 |
| KEY NOTE Report : LINGERIE : September 2004 |
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This report covers: lingerie, hosiery, corsetry,
Companies and Associations covered include: Martin International, Precis, Sara Lee Intimates, Sherwood Group, Unity Brands, William Hollins, Agent Provacateur, Bhs, Marks and Spencer, Silhouette,
EXECUTIVE SUMMARY
| Key Note estimates that, in 2003, the total retail market for lingerie (including hosiery, corsetry and lingerie), was valued at £2.27bn. Between 2002 and 2003, the total market is estimated to have grown by 7.9%. |
| As mentioned above, this report analyses the UK market for women's underwear in terms of three sectors, hosiery, corsetry and lingerie. All three sectors' total share has remained static and growth performance very similar. |
| The market for ladies' lingerie in Britain is a highly developed, mature market. Opportunities for growth are relatively limited because of the diversity of product offerings and brands, and because of the ageing profile of the UK's population. |
| During the 1980s and early 1990s, the hosiery sector was highly innovative in terms of using and introducing new fibres and new products. However, in the early part of the 21st century, the sector is lacking in new ideas. The corsetry sector has also experimented with radical design changes, e.g. the Bioform bra, but like the lingerie sector whose main development plan has been to extend the luxury end of its market changes to the designs are rare and innovation is only used in terms of textiles and finishings. |
| In the UK, growth in the lingerie market is likely to be steady, but slow. This is because brand saturation is having a downward effect on prices and the ageing UK population will not help expand the market's main customer target young women. Nevertheless, growth will be steady and will be steered by economic stability. The total retail market for lingerie is forecast to grow by 12.3% between 2004 and 2008. |
TABLE OF CONTENTS
| Executive Summary | 1 |
| 1. Market Definition | 7 |
| REPORT COVERAGE | 7 |
| MARKET SECTORS | 7 |
| Hosiery | 7 |
| Corsetry | 7 |
| Lingerie | 7 |
| Market trends | 8 |
| Fashion Retailers Getting into | |
| Lingerie | 8 |
| Underwear is the New Outerwear | 8 |
| E-Commerce and Internet Marketing for Lingerie | 8 |
| Celebrity Brands Boost | |
| Competition | 8 |
| G-Strings Giving Way to | |
| Boy-Cut Briefs | 8 |
| ECONOMIC TRENDS | 8 |
| Table 1: UK Resident Population Estimates by Sex (000), | |
| Mid-Years 1999-2003 | 9 |
| Table 2: Household Disposable | |
| Income (£), 1998-2002 | 9 |
| Market Position | 10 |
| The UK | 10 |
| Table 3: The Total UK Lingerie Market by Value | |
| at Current Prices (£m at msp), | |
| 1998-2002 | 10 |
| Overseas | 10 |
| 2. Market Size | |
| THE TOTAL MARKET | 11 |
| Table 4: The Total UK Hosiery, Corsetry and Lingerie Market | |
| by Value at Current Prices (£m at rsp), 1999-2003 | 11 |
| By Market Sector | 11 |
| Hosiery | 11 |
| Table 5: The Hosiery Sector by Value at Current Prices (£m at rsp and %), 1999-2003 | 12 |
| Corsetry | 12 |
| Table 6: The Corsetry Sector by Value at Current Prices (£m at rsp and %), 1999-2003 | 12 |
| Lingerie | 13 |
| Table 7: The Lingerie Sector by Value at Current Prices (£m at rsp and %), 1999-2003 | 13 |
| OVERSEAS TRADE | 13 |
| General Overview | 13 |
| Imports | 13 |
| Table 8: UK Imports of Lingerie by Sector by Value at Current Prices | |
| (£m), 2002 | 14 |
| Exports | 14 |
| Table 9: UK Exports of Lingerie by Sector by Value at Current Prices (£m), 2002 | 15 |
| 3. Industry Background | 16 |
| RECENT HISTORY | 16 |
| INDUSTRY SYNOPSIS | 16 |
| Table 10: Average Financial Results for Companies Engaged in the Manufacture of Lingerie by Turnover and Pre-Tax Profit (£000, £ and %), Latest Financial Year | 17 |
| Number of Companies | 17 |
| Table 11: Number of UK VAT-Based Enterprises Engaged in the Manufacture of Wearing Apparel, Dressing and Dyeing of Fur | |
| by Turnover Sizeband (£000), | |
| 2003 | 18 |
| Employment | 18 |
| Table 12: Number of Employees Involved in the Manufacture of Underwear (number of employees), 1998-2002 | 18 |
| Table 13: Number of UK VAT-Based Local Units Engaged in the Manufacture of Wearing Apparel, Dressing and Dyeing of Fur by Employment Sizeband (number of employees), 2003 | 20 |
| REGIONAL VARIATIONS IN THE MARKETPLACE | 20 |
| Table 14: Manufacture of Wearing Apparel, Dressing | |
| and Dyeing of Fur Enterprises by Regional Distribution (number of companies), 2003 | 21 |
| DISTRIBUTION | 21 |
| HOW ROBUST IS THE MARKET? | 22 |
| KEY TRADE ASSOCIATIONS | 22 |
| Association of Suppliers to the British Clothing Industry (ASBCI) | 22 |
| British Apparel and Textile Confederation (BATC) | 22 |
| British Knitting & Clothing Export Council (BKCEC) | 22 |
| British Textile Machinery Association (BTMA) | 22 |
| 4. Competitor Analysis | |
| THE MARKETPLACE | 23 |
| MARKET LEADERS | 23 |
| Table 15: Leading Lingerie Manufacturers by Turnover (£000), Latest Financial Results | 24 |
| LINGERIE MANUFACTURERS | 25 |
| Martin International | |
| Holdings Ltd | 25 |
| Precis (1674) Ltd | 25 |
| Sara Lee Intimates UK Ltd | 26 |
| Sherwood Group PLC | 26 |
| Unity Brands Ltd | 27 |
| William Hollins & Company Ltd | 27 |
| LINGERIE RETAILERS | 28 |
| Agent Provocateur Ltd | 28 |
| Bhs Ltd | 28 |
| Marks & Spencer PLC | 29 |
| OTHER COMPANIES | 30 |
| Market Entrants | 30 |
| Silhouette | 30 |
| OUTSIDE SUPPLIERS | 30 |
| Textiles for Lingerie | 30 |
| Textile Manufacturing | |
| Machinery | 30 |
| Computing Systems and | |
| Information Technology | 30 |
| Marketing Activity | 31 |
| Table 16: Main Media Advertising Expenditure for Underwear, | |
| Lingerie and Sleepwear (£000), | |
| Year Ending March 2004 | 31 |
| Exhibitions/Trade Shows | 32 |
| 5. Strengths, Weaknesses, Opportunities and Threats | |
| STRENGTHS | 33 |
| WEAKNESSES | 33 |
| OPPORTUNITIES | 33 |
| THREATS | 34 |
| 6. Buying Behaviour | |
| THE PURCHASE OF LINGERIE | 35 |
| Table 17: The Purchase of Lingerie, Corsetry and Hosiery | |
| (% of women), 2004 | 35 |
| Table 18: The Purchase of Lingerie,Corsetry and Hosiery | |
| by Social Grade (% of women), | |
| 2003 | 35 |
| Expenditure on Womens Lingerie | 36 |
| Table 19: Expenditure on Womens Underwear (% of women), | |
| 2004 | 36 |
| usage of lingerie | 37 |
| Bras, Pants and Other Items of Lingerie | 37 |
| Table 20: The Usage of Bras by Age (% of women), 2004 | 37 |
| Pants | 37 |
| Table 21: The Usage of Pants by Age (% of women), 2004 | 38 |
| Other Lingerie | 38 |
| Table 22: The Usage of Other Lingerie by Age | |
| (% of women), 2004 | 38 |
| hosiery | 39 |
| Frequency of Purchase | 39 |
| Table 23: The Frequency of the Purchase of Tights, Stockings | |
| and Hold-Ups by Women (% of women), 2004 | 39 |
| Frequency of Use | 39 |
| Table 24: The Frequency of Usage of Tights, Stockings | |
| and Hold-Ups by Age (% of women,) 2004 | 40 |
| 7. Current Issues | |
| THE ROLE OF THE INTERNET | 41 |
| THE IMPACT OF THE EURO | 41 |
| HEALTH ISSUES | 41 |
| Product Development | 41 |
| Corporate Activity | 42 |
| 8. The Global Market | |
| THE TOTAL MARKET | 43 |
| MAJOR TRENDS | 43 |
| CONSUMER BEHAVIOUR | 43 |
| THE FUTURE | 44 |
| 9. Forecasts | |
| INTRODUCTION | 45 |
| The Economy | 45 |
| Table 25: Forecast UK Resident Population by Sex (000), | |
| 2004-2008 | 45 |
| Table 26: Forecast UK Growth in Gross Domestic Product | |
| in Real Terms (%), 2004-2008 | 46 |
| Table 27: Forecast UK Rate of | |
| Inflation (%), 2004-2008 | 46 |
| Table 28: Forecast Actual Number of Unemployed Persons | |
| (million), 2004-2008 | 47 |
| FORECASTS 2004 to 2008 | 47 |
| Table 29: The Total UK Forecast Hosiery, Corsetry and Lingerie Market by Sector by Value at Current Prices (£m at rsp), | |
| 2004-2008 | 47 |
| FUTURE TRENDS | 48 |
| Demographics | 48 |
| Market Segmentation | 48 |
| Globalisation | 48 |
| Product Development | 48 |
| Competitor Forecasts | 48 |
| 10. Company Profiles | |
| Agent Provocateur Ltd | 50 |
| Bhs Ltd | 52 |
| Marks And Spencer PLC | 54 |
| Martin International Holdings PLC | 56 |
| Sara Lee Intimates UK Ltd | 58 |
| William Hollins & Company Ltd | 60 |
| 11. Further Sources | |
| Associations | 62 |
| General Sources | 62 |
| Government Publications | 62 |
| Bonnier Information Sources | 63 |
Text © 2002 Key Note
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Last updated by Amanda Porteous November 2004