2014-02-20 21:57:02 - Electronics and Appliance Specialist Retailers in the United Kingdom - a new market research report on companiesandmarkets.com
In 2012 the UK electronics retailers market witnessed another difficult year in terms of sales. The economic downturn continued to have an effect on consumer confidence and spending power, causing people to prolong the replacement cycle of their electronics and appliance items.
Multichannel, and in particular online retailing, is becoming important as a channel for the category. More customers are browsing in stores but then buy online where better deals are often available. Store footfall is falling and so is the need for larger outlets which are being turned into showrooms.
The Euro 2012 and the Olympic Games should have boosted sales of televisions but given the difficult economic climate the effect of these sports events on retail revenues was not what
retailers had been expecting.
- Electronics and appliance specialist retailers registers flat sales growth in 2012 to reach Â£16 billion
- The economic downturn reduces demand for consumer electronics as consumers prolong the replacement cycle of products
- Carphone Warehouse is the leading brand in electronics and appliance specialist retailers
- It is expected that sales of electronics and appliance specialist retailers will continue to experience a slow decline over the forecast period as the economic downturn will continue to bite.
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