Submitted by: Submitted by ShrikantM
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Words: 1169
Pages: 5
Category: Business and Industry
Date Submitted: 02/01/2016 03:44 AM
Researchmoz added Most up-to-date research on "UK Plus Size Womenswear- Trend Report" to its huge collection of research reports.
Plus size womenswear spend per head will grow by 28.4% in the five years to 2020. However, there is 740m to be gained if plus size shopper spend was level with the womenswear average. Providing more choice, a better fit and a more comfortable shopping environment for shoppers are all factors that will help to close this gap.
Key Findings
Market forecasts to 2020 and spend per head data provide insight on why you should invest in growing a plus size proposition and what the benefits are
In-depth consumer data on shopping habits and preferences by age and region allows you to target shoppers more effectively and fill underserved gaps
Shopping statistics and NPS scores for retailers allow for benchmarking against rivals, and detail how to improve customer satisfaction and conversion
Market share data allows you to analyze which rivals are struggling, providing you with a competitive advantage to build a strategy to steal share
Use obesity and population data and consumer dress size data to ascertain who the core plus size shoppers are and how they must be targeted
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Synopsis
Consumer survey shows that 22.3% of plus size shoppers are in the AB socioeconomic group, and 76.0% of them disagree that there is enough choice for them available at premium pricing. As disposable incomes gradually recover, shoppers will be better able to trade up, so the void of a premium plus size offer must be filled.
60.9% of plus size consumers prefer to shop a retailer's core offer rather than a specific plus size sub-brand, with only 25.2% wanting to buy into ranges such as New Look Inspire. Retailers must focus on extending size ratios within their core offers, before introducing specific plus size ranges which are showcased separately...