Research and Markets (UK) has announced the addition of Lingerie Market Report 2007 to their offering.
The total UK lingerie market, which includes corsetry, lingerie and hosiery, was worth 2.48bn at retail selling prices (rsp) in 2006. This resulted from a growth of 13.3% since 2002 in current terms, for a market that, while dynamic, has been subject to the deflationary pressure of fierce, discount-led competition in the retail marketplace.
But they noticed “hosiery sector experienced declines in value between 2002 and 2006,” which may explain the return to 80’s fashions with its many leg fashions. (I watched Zoolander, and I believe in a global fashion cartel.)
I thought this was very interesting:
As well as a much improved product range from the major retailer, Marks & Spencer (which accounts for around 30% of sales of women’s underwear), the high street generally has started to take lingerie seriously as an area for development and competitive focus.
Wow, can you imagine owning and profiting from a 30% market share? (They must have at least one seat in the fashion cartel!)