Outerwear no longer conforms to seasonality, as it has taken on a new meaning in the age of Covid-19. As lockdown restrictions have eased in most countries, many have viewed outerwear as a functional and protective garment. Due to the uncertainty around the contamination of the virus, designers and suppliers have also started experimenting with materials which have disease-resistant properties.
This report aims to uncover the early demand signals of Jackets on entering the new normal.
Over 4,000 data points were screened from January to June 2020 against the same period in 2019 across womenswear Jackets category on Zara, H&M, River Island, Cos and Maison Scotch.
All data used in this report comes from products retailing online as tracked by Omnilytics, unless otherwise mentioned.
Despite a huge decline in newness from March to May, the demand for Jackets remained stable. The need to look the part for video conference calls from home has contributed to the steady sell-outs in these months.
With people spending more time outside due to the easing of lockdown restrictions, sell-out for Jackets rose strongly in June. It exceeded last year’s rate by 62%, signalling a renewed purpose for the category.
While most of the brands observed a huge decline in full-price sell-outs, Zara led with a 7% YoY improvement.
Covid-19 posed a challenge for brands to drive full-price sell-out. The number of products on discount from March to May was up by 75% on the same period last year, as brands resorted to discounting to move stock. While total sell-out improved by 8%, sell-out at full price dropped by more than half against last year.
H&M performed poorly with a below-average sell-out rate. The group’s net sales also reportedly fell by 50%, caused by the store closures in Q2.
Cos, the only brand with more newness this year, had 186% YoY increase in sell-out but was predominantly driven by discount.
Blazers & Tailored Jackets, Denim Jackets and Biker Jackets performed well during the season, contributing to 57% of the total Jackets assortment. These 3 subcategories not only recorded high sell-out at full price but also had strong growth YoY. The bestselling items mostly focused on classic design styles.
Biker Jackets demonstrated a great potential to drive full-price sell-out. The subcategory traded strongly at full price despite its high median price, which was 2x higher than its counterparts.
These performing subcategories were mostly led by the fast fashion giant, Zara, followed by H&M and River Island.
Meanwhile, Parkas and Bomber Jackets were the worst performing subcategories, as they were largely driven by discounts.
While not synonymous to the Spring/Summer season, Quilted & Padded Jackets had a stable sell-out throughout the season. They also traded better than last year, by 54%. Despite the shorter selling window, the subcategory served as an opportunity for brands to take advantage of the ‘buy now, wear now’ consumer. Basic oversized Puffer Jackets were particularly popular, signalling a growing need for protective outerwear among consumers.
