2014-04-01 00:35:03 - The Future of Retailing in the UK to 2017 - a new market research report on companiesandmarkets.com
In 2012, UK retail sales grew at a CAGR of 0.85%. Retail sales in the country are expected to grow at a CAGR of 2.20% during the forecast period.
Consumers have been reacting to the effects of the global recession and the following recovery period on their discretionary spending - retail markets have been no exception. While the country by country market changes have varied, nowhere has been left totally untouched.
According to a recent study by the Centre for Retail Research, an estimated 22% of, or 61,930, high street stores will close by 2018.
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