Abstract
Introduction
Verdict Research: This report takes an in depth look at the UK furniture &
floorcoverings retail market, assessing the impact of the consumer downturn on
both furniture and floorcovering sectors and the outlook for the market. The
performance of 13 major players and seven smaller operators is examined in
detail including market share performance.
Scope of this report
- Comprehensive market coverage - 10 years' data on furniture &
floorcoverings expenditure.
- Market shares and key operating statistics of leading specialist and
non-specialist operators.
- Retailer profiles include operating statistics and margins, sales per sq
ft, sales, store and space growth, plus company outlook.
Research and analysis highlights
Verdict estimates that total spending in furniture & floorcoverings declined
by 6.3% in 2008 as the economic storm struck the sector more than any other.
This makes 2008 the market' s worst performance in recent history. While many
leading players increased market share, most experienced falling sales and
profit margin erosion.
Furniture & floorcoverings retailers have across the board seen like-for-like
sales move into reverse and the rate of store closures has accelerated to its
fastest pace in Verdict' s 25-year history.
The combination of rising costs and falling consumer demand has tested many
specialists to the absolute limit with a number of well known names forced
into administration over the past year. Good news is hard to come by, even for
strong retailers.
Key reasons to read this report
- Benchmark performance across the sector on key operating parameters using
unique market data, comparable sales densities and operating margins.
- Make informed strategic decisions using this report' s 10 year datasets
displaying the market' s evolution.
- Be aware of the challenges facing all operators in the market and how dire
trading conditions are impacting different retail formats.
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