2014-02-20 21:45:03 - Mixed Retailers in the United Kingdom - a new market research report on companiesandmarkets.com
Marks & Spencer continued to lead sales in the UK mixed retailers market during 2012. The retailer experienced a challenging start to 2012 with a decline in non-food sales that led to the replacement of the Director for General Merchandise in June 2012. The retailer needs to address issues related to its proposition on value for money and fashion element of its clothing offering in order to maintain its position within the market.
Multichannel retailing is less important for mixed retailers than it is for other categories, such as fashion retailers. Price point retailers rely on physical store expansion to grow their sales given the nature of their products and their dependence on impulse purchases, while department stores rely on the
client in-store experience.
Low consumer confidence and reduced spending power should continue to characterise the UK economy in the forecast period as the recession will continue impacting British consumers. Price polarisation will continue to reward the extreme ends of the market with luxury retailers and budget retailers performing well at the expense of mid-price retailers.
- In 2012 revenues of mixed retailers grow by 3% in current value terms
- In 2012 the impact of the recession continues to shape the trends for mixed retailers in the UK favouring budget and luxury retailers and penalising mid-priced retailers
- The number of mixed retailers stores increases in 2012 mainly thanks to the expansion of price point retailers
- While Marks & Spencer leads the category in 2012, price-point retailers register the highest growth in sales revenues
- Over the forecast period sales of mixed retailers are expected to register stagnancy in terms of CAGR.
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