Almost one-fifth of under-45s upped lockdown clothing spend


By GlobalData Retail | 15 June 2020


Almost a fifth of under-45s have increased clothing spend to treat themselves during Covid-19 lockdown, a new survey shows.


While clothing has been the retail sector worst hit by the Covid-19 crisis, as consumers deprioritise non-essential items due to economic uncertainty and a lack of social events, 19.3% of global consumers aged 16-44 cited that they have bought more clothing since the start of the outbreak. This compared with only 7.4% of over 45s.


Therefore, players targeting this younger market must keep shoppers engaged as lockdown restrictions start to be eased, through online incentives and inclusive marketing campaigns.



Source: GlobalData's weekly COVID-19 tracker across 11 countries, with a sample of 500 respondents per country, conducted between 26-31 May 2020.


Though 16-44s already had a higher tendency to purchase clothing online before the outbreak, almost one-fifth have spent more time  browsing retailers' websites to keep themselves occupied as they stay at home during lockdown. Online clothing purchases have also served as a treat, and helped to uplift younger consumers' moods throughout the pandemic, especially for those that have continued working and have had more disposable income, due to cancelled holidays and social activities.


Retailers have been implementing new incentives to capitalise from this, with retailers like H&M and Zara providing free delivery on all orders, and Asos offering flash promotions to boost impulse purchases. Multichannel players should also start to offer exclusive products via their websites to encourage digital spend even once physical stores start to reopen, while loyalty programmes and delivery saver schemes will also help to drive more frequent orders.


As the end of lockdown and social distancing begins to near, retailers are likely to experience the greatest uplift in trade from younger demographics, as they seek new clothing to wear for future events. Therefore, they should start to adapt their social media strategies accordingly, by gradually incorporating fewer stay-at-home outfits into their posts, to provide more inspiration for upcoming gatherings. Retailers must also ensure that their marketing campaigns are fully inclusive, as those that display diversity and promote the Black Lives Matter movement resonate more strongly with young consumers.


While consumers have been showing less interest in trend-led pieces amid the pandemic, 16-44s are likely to quickly regain their desire for fashion-focused products. Though fast fashion players will benefit from gradually increasing the regularity of new ranges as restrictions are lifted, retailers must adapt their levels of newness for each of their markets. For instance, shoppers in countries like Italy and South Africa have shown a much lower demand for clothing amid Covid-19, than those in markets such as China and UAE.


As 25-34s have had the highest demand for clothing throughout the pandemic, retailers should ensure that they continue to provide options for young professionals seeking comfortable clothes to wear while working from home, as it is likely that most will not return to the office until the end of the year.

조회 2회

SSTS-SMPT 

Shinsung Bldg, 84, Pungseong-ro, 63-Gil, Gangdong-gu, Seoul, Korea T : +82-2-3709-9375 M : +82-10-7276-2527  E-mail : jinikong@ssts.co.kr​​