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StyleSnoops Market Report 3

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Socialogical<br />

ONS data shows that the<br />

average age of mothers in<br />

England and Wales reached<br />

30 for the first time in 2013,<br />

with the age that women 1st<br />

become mothers rising to<br />

28. (Mintel,Lifestyles of the<br />

Sandwich generation)<br />

The increasing age will lead<br />

women into the sandwich<br />

generation that will be looking<br />

after both parents and children.<br />

“Whilst they may have the<br />

greater financial capacity to<br />

cope, they may feel more of the<br />

physical impact of looking after<br />

multiple generations, creating<br />

greater potential for products<br />

and services to help them relax<br />

and unwind.” (Mintel,Lifestyles<br />

of the Sandwich generation)<br />

Multi-generational households<br />

in the UK rose by 56% from<br />

2004 to 2014; there were<br />

313,000 such households in<br />

2014.<br />

Technical<br />

The growth of digital fashion platforms is on the rise making<br />

the field ever more competitive.<br />

“Topshop is among the companies in the sector actively<br />

searching for the latest technology innovations to improve<br />

the shopping experience. It partnered with Decoded<br />

Fashion in May 2016 on a competition to find a start-up<br />

or entrepreneur to offer a solution to “truly delivering fast<br />

fashion in the age of immediacy”. The winner was Finnish<br />

start-up Stylewhile, which has created an online styling room<br />

to make online shopping for clothes easier and more fun and<br />

will work with Topshop to develop the concept.” (Fashion:<br />

Technology and Innovation - UK - September 2016)<br />

New Social media platforms and apps are always popping<br />

up and companies need to be ready to jump when they<br />

appear.<br />

The consumer is becoming more expectant of fast delivery<br />

times, some companies such as amazon have started using<br />

Ubers and are looking into using drones to deliver small<br />

packages.<br />

Consumers are expecting safe but quick check out services,<br />

with one click buy it now buttons.<br />

m-commerce, according to my questionnaires 90% of<br />

people would use social media and create purchases online<br />

using a mobile device rather than a laptop.<br />

S-commerce is on the rise with sites such as Instagram<br />

creating new shopping buttons and fashion designers<br />

wanting to make catwalks instantly shop-able through the<br />

use of apps.<br />

The number of hours people spend watching videos on<br />

YouTube is up 60% year-over-year.

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