Abstract
Overview
Introduction
Retailers in the UK face huge challenges as they struggle cope with a sudden
deterioration in consumers' willingness to spend. The credit crunch, the
downturn in the housing market and the rising cost of living are having a
profound impact on consumer confidence that will require retailers to adapt
their strategies and make accurate and reliable forecasts essential.
Scope
- Forecasts for whole of UK retail for consumer spending, store sales, store
numbers, space, sales densities with summary breakdown by channel
- Market value and growth, inflation 1997-2007 with annual forecasts to 2012
for 10 retail sectors
- Specialists sales, space, like-for-like growth, sales densities and store
numbers 1997-2007 with annual forecasts to 2012 for each retail sector
- Channels of distribution analysis for 2006, 2007 and 2012 and full
discussion of issues for each retail sector
Report Highlights
Over the next five years the retail market will grow by 16.3%, taking its
value from £280.9bn to £326.6bn. Though this is a higher rate of growth than
the 15.5% rate achieved over the last five years, the market will be lifted by
inflation rather than volume growth. In real terms total retail spending
growth will be markedly slower.
2008 and 2009 will be particularly challenging years for retailers as
consumers cut back on non-essential purchases. The most significant
determinant of shopping behaviour in the short term will be sharp increases in
the cost of living, particularly from higher fuel and utility costs which are
diverting households' funds away from non-food retail.
Retail space will grow faster over the next five years, due largely to a boom
in shopping centre openings. Over the forecast period 33.9m sq ft will be
opened, a 5.8% increase, with over 8m sq ft created in 2008 alone.
Reasons to Purchase
- Plan for the future use this report to plan strategies that will help you
compete effectively against rivals and adapt to changing market conditions
- Detailed category forecasts allow you to quantify and exploit
opportunities in fast growing categories and avoid over-investment in weaker
segments.
- Evaluate your current position with regard to the market' s future growth
prospects
View Cart
