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Outdoor recreational equipment retailers market in the United Kingdom to grow 1.4% CAGR between 2014-19
Outdoor Recreational Equipment Retailers in the UK - Industry Market Research Report - a new market research report on 2014-03-31 16:35:03
Operators in the Outdoor Recreational Equipment Retailers industry sell products geared towards outdoor activities, including sporting goods and clothing, bicycles and camping and fishing equipment. The sustained economic depression has adversely affected retailers because consumers have faced declining incomes due to high levels of unemployment.
Cash-strapped consumers have purchased the industry´s largely discretionary products in smaller quantities. Retailers have also faced increasing competition from department stores. These external players are expanding product ranges to attract a wider consumer base and are able to compete aggressively on price. This has forced industry operators to slash prices, resulting in the deterioration of profit margins. Profit is estimated to account for 5.4% of industry revenue in 2013-14.
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