Industry
Fashion
Date
Nailing the rise in children's clothing
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With this report, created using Retviews data, discover how an automated competitive intelligence tool allows brands to keep track of competitor strategies in real-time and adjust their own collection with ease, to stay ahead of the curve. Take advantage of AI-powered benchmarking for fashion, and see how Retviews can help your brand stay on top of the competition.
As of 2022, the kidswear market is worth $263 billion with a predicted annual growth rate of nearly 3% until 2026. The prominence in the market has also been present within luxury and premium brands - with brands such as Michael Kors and Reiss launching kids clothing collections, and luxury marketplaces like Farfetch investing big in childrenswear, thus expanding their total market reach.
This makes a brand wonder, is my kidswear assortment relevant? How can my brand get on top of the kidswear sector? Dive into the latest Retviews report, and see how your brand can stay ahead of the curve with a competitive intelligence platform.
The kidswear market is largely made up of today’s youngest consumers, generation alpha. Moving into a time of greater representation and empowerment - kidswear is also changing. Leading mass market brands previously placed a greater emphasis on girls’ clothing, constituting a larger portion of their collections. Considering the changing industry, has the kids’ gender mix also evolved?
Retviews data indicates a shift towards greater gender equality in kids clothing. As of 2022, leading mass market brands, such as ZARA Kids and Mango Kidswear have brought their girls and boys collections to equal assortment shares. Uniqlo has also shown a change but still has a slightly larger share of girl’s pieces.
The question of price inflation has hit countless industries, not sparing fashion. Within the fashion industry, menswear and womenswear have experienced a prominent price increase between 2021 and 2022, in both mass market and premium brands - but where does kidswear stand? How should brands be approaching pricing strategies, with regards to kids clothing?
Retviews data showcases that a strong price increase has hit the kids apparel market in 2022’s first quarter within the European market - average prices rising across leading mass market brands YoY. Gap Kidswear, ZARA, Mango and Uniqlo have all increased their prices; Uniqlo having the greatest, 14%, average price increase in its overall kidswear assortment. Is your brand keeping up with the price increase? Are you opting for the best pricing strategy?
Fashion brands and retailers are using AI-powered retail data to monitor competitors with Retviews, keeping a close eye on their strategies, allowing them to best position their brand within the changing industry, whilst maintaining sales volumes.
Kids’ clothing has seen a boost in recent years, and even more so in 2022, as leading mass market brands such as Zara and Uniqlo are growing their childrenswear - as the mass market as a whole is also increasing its share of kids’ collections in assortments, when compared to 2021.
Where does your brand stand? Get a real-time view at how your assortment compares to competitors and how you can adjust your collections to stay ahead of the curve with Retviews.
Your brand can also gain access to accurate, real-time data in order to stay competitive in the market - monitor your competitors’ strategies and optimize margins with Retviews, the competitive intelligence tool for fashion brands and retailers. Never fall behind the competition again, and put behind time-consuming manual benchmarking.
Use the Retviews platform to benchmark your offer against your competitors
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