2014-02-20 21:49:03 - Leisure and Personal Goods Specialist Retailers in the United Kingdom - a new market research report on companiesandmarkets.com
The UK personal goods retailers market continues to be affected by the digitalisation of the category that is seeing a considerable share of sales moving online. However, the category is also being impacted by the competition from non-specialist retailers, such as large grocery chains, which are expanding their offering in the category and which are able to sell at a lower price point. Media products stores and stationers/office supply stores are particularly affected by these two trends.
The shift to online retailing is having an especially strong impact on media product retailers, which are reducing their store numbers: Game Group went into administration in March 2012 and was bought by the investment firm OpCapita. This resulted in a significant reduction in
the number of stores and a subsequent decline in sales.
HMV is another chain that has particularly suffered from the competition from non-specialist retailers, such as supermarket chains and internet retailers. HMV entered into administration in January 2013, resulting in a significant reduction of the number of its stores.
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