Fashion Accessories - UK - January 2020
- Related Reports
- clothing, footwear, accessories
- January 2020
£ 1,995.00 (Excl.Tax)Excl. Tax Buy Now
Fashion accessories are estimated to have recorded strong growth in the UK in 2019, rising 4.7% to £3.6 billion from £3.4 billion in 2018. However, large disparities within the category remain. The market is benefiting from trends in the wider fashion industry, notably premiumisation, which is causing polarity in the market, with people opting either to purchase high-end or affordable items. Furthermore, the category is becoming increasingly fragmented, with new accessory brands and retailers such as Astrid & Miyu gaining attention via social media advertising.
The continued development of online retailing and engagement with brands via social media is changing the way consumers shop, putting pressure on traditional bricks-and-mortar retailers. As a result, high-street specialists such as Accessorize and Claire’s are struggling to remain competitive in the saturated fashion accessories market. The brands and retailers standing out are those that are evolving and changing their approach – either by engaging with their target consumers via more personalised.
“Fashion accessories are expected to have performed well in 2019, mainly due to the continued growth of the luxury market. However, the future of the category is difficult to predict due to the uncertainty still surrounding Brexit. High street specialists have been underperforming over the last couple of years and the retail market for fashion accessories has become increasingly fragmented. Those wanting to do well must do more to stand out from competitors and offer customers a superior experience.”
– Chana Baram, Senior Retail Analyst
This Report looks at the following areas:
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.