Abstract
Introduction
Verdict Research: This report takes an in depth look at the UK furniture &
floorcoverings retail market in 2007. It looks separately at both the
furniture and floorcoverings sectors, the key players in the market, and at
the key factors impacting their 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 sales, operating profit and margins, sales per
sq ft, store and space growth plus retail operations and company outlook.
Research and analysis highlights
2007 is set to be a robust year for the furniture & floorcoverings market
despite five interest rate rises over the last 18 months. Consumer confidence
remained high particularly during the first half with customers continuing to
make big ticket purchases. However, the second half of the year has been
tougher.
After gaining furniture market leadership in 2006 Argos has consolidated its
position as the UK' s number one furniture retailer. Additional stores and the
continued development of its multi-channel strategy have been the key reasons
for its success.
The floorcoverings sector has had another disappointing year. Though the
performance of the housing market and the five interest rate rises have
impacted the market, the most significant brake on the floorcoverings sub
sector is the lack of innovation and excitement in both the products
themselves, and the retailing of them.
Key reasons to read this report
- Benchmark performance across the sector on key operating parameters using
unique market share 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 that face all operators in the market as well
those of different retail formats to ensure productive, growth plans.
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