Abstract
Overview
Introduction
Verdict Research: The credit crunch and rising global cost inflation have
added a new dimension to the already challenging environment UK retailers
face. These factors combined with the sector' s maturity, overcapacity and more
demanding consumers are leading to a raft of casualties. This report focuses
on the issues and actions necessary to survive this testing trading
environment.
Scope
- An analysis of the economic background in 2008 and its impact on
retailers, with supporting data.
- Growth projections for the UK retail sector revealing the underlying
drivers, and for individual categories, highlighting the challenges for each.
- Space and channel issues including online sales' value and growth, price
and proposition trends, polarisation of the market and changing consumers.
- How retail evolution reflects a changing society the winners and losers
and recommendations for a strategy for survival.
Highlights
Though our value growth projection of 2.8% for 2008 appears relatively strong,
inflation will mean that volume growth will be its lowest for over a decade.
Meanwhile there is an abundance of new space coming onstream and the online
channel is outperforming, which is resulting in overcapacity and the dilution
of space productivity.
Retailers' costs are rising, not just in the UK, but also in their global
supply chains, which is increasing the pressure - particularly for those with
a price-led proposition. Against such a challenging environment it is crucial
to have a viable retail proposition.
The fragmentation of society is being reflected in retail, with the winners
being those that have aligned their proposition most closely to their
customers wants and needs. This is resulting in a much more complex operation,
that has to deliver the right product, at the right price, at the time and
place that customers demand.
Reasons to Purchase
- Ensures an understanding of the major issues facing retailers in 2008 -
essential in devising winning strategies in such challenging times.
- Provides crucial advice on the actions necessary to evolve a retail
proposition into one that is relevant to the current climate and retail trends.
- Use the comprehensive analysis to inform executives at all levels of the
challenges, opportunities, and strategies necessary to be a retail winner.
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