2014-04-21 16:23:01 - Department Stores in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
Prior to the 2008 financial crisis, retailers benefited heavily from the instinctive buying decisions of the consumer market.
However, sustained economic stagnation has drastically affected consumer behaviour: high unemployment levels have led to declining disposable income and low consumer confidence as individuals have become unsure of their financial future. Households have been forced to cut back on discretionary purchases and, thus, department store retailers have been adversely affected. As a result, industry revenue is expected to post a decline of 0.8% during 2013-14.
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