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Electrical household appliance retail market in the United Kingdom to grow 1.3% CAGR between 2014-19

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Electrical Household Appliance Retail in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-18 10:43:02
Operators in the Electrical Household Appliance Retail industry have faced pressure on many fronts over the past five years. Intensifying competition from retailers not included in the industry has been a major problem. Supermarkets, mass merchandisers and department stores are dedicating increasing amounts of shelf space to electrical appliances. The growing popularity of online shopping has resulted in online retailers joining the ranks of the industry´s rivals. The situation has been worsened by recessionary economic conditions, a lasting effect of the 2008 financial crisis.

Rising utility prices, high debt levels and fears over job security have made consumers weary of overspending, so discretionary purchases have declined significantly. Sales of big-ticket items such as fridges and washing machines have been particularly affected.

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