Executive Summary
The UK market for women's magazines has performed relatively well throughout
the recession. Publishers continue to cater for and create new niche markets
and new titles are launched at regular intervals. The total market was worth an
estimated £665m in 1994, with almost two-thirds of this coming from sales
revenue.
Women's magazines cover a broad range of interests, including the home, the
family, fashion, hair and beauty, health, crafts and celebrity news. General
interest titles include a combination of some or all of these. Most are
published monthly, weekly or bimonthly.
General interest titles still dominate the market, but the home interest sector
is showing rapid growth. Other developing areas are crafts, baby and parent, a
new style of health and beauty magazine, and store magazines.
To compensate for a drop in revenue from advertising during the economic slump,
many publishers were forced to increase their cover prices. By introducing
added value, in the form of free gifts and supplements, they succeeded in
maintaining circulation levels.
The leading publishes of women's magazines are IPC, H. Bauer, The National
Magazine Company, EMAP, G&J of the UK, DC Thomson and Conde Nast. H.
Bauer owns the two top-selling magazines, Take a Break and
Bella, while IPC owns the next three best-selling titles, Woman's
Weekly, Woman and Woman's Own. IPC takes by far the greatest
share of the market, in terms of both circulation and number of titles
published.
While the vast majority are sold through newsagents, an increasing number are
being sold by supermarkets or via subscription. Supermarkets are now estimated
to account for 9% of all magazine sales.
Main media advertising expenditure for the purpose of promoting the magazines
themselves, rose significantly between 1993 and 1994, by some 65%, to stand at
more than £8m. This was equivalent to 1.2% of market value and
significantly lower than the £250m revenue gained from advertising within
the magazines.
The future of the market looks strong to the end of the decade. Consumer
confidence is rising and advertising investment is on the up again, both of
which are necessary for market growth. Changing distribution patterns are
creating more buying opportunities and giving the assurance of guaranteed
future sales. Increased competition and the constantly changing demands of
today's woman, will contribute to improved standards.
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