PR Log (Press Release) –
Jan 26, 2010 – Verdict Research: UK Retail in a recession; lessons for the future analyses the major retail sectors during a nadir for UK retail. It identifies the factors that have ensured survival, as well as those behind casualties, and projects these into future growth strategies, with a retail sector outlook, and recommendations on how to successfully adapt your business to a low growth environment.
Scope
* A thorough assessment of the performance in UK food and non-food sectors in 2009, identifying trends, impact on space, productivity and sales.
* Detailed characteristics of retail survivors and casualties and how businesses can learn from these.
* Action points businesses can implement in future strategy to safeguard themselves from further downturns.
* Forecasts for growth in the retail sector, and online sales, until 2013. Changes in space, expenditure, outlet numbers and vacancy rates in 2009.
Highlights
The recession has shaken out weaker operators and left the strongest survivors to pick up their business, but this is a short term fillip for retailers. Future growth will be limited we do not expect annual growth to get close to 3.0% until 2013, and in 2010 we expect it to be only a little above 1.0%.
The result of a reduction in capacity is that surviving space is becoming more productive; enhanced by online sales. Without the contribution of online, average sales densities in 2009 would be £474 per sq ft rather than £511 per sq ft. Retailers must in future devise new expansion strategies based on profitability, rather than scale.
Having flexibility in your proposition to exploit sales trends is a key advantage, and retailers must foster this in their culture. A common factor among winners is either being in the sectors that cater for recessionary trends, or adapting an offer and product range to benefit from them.
Reasons to Purchase
* Using expert analysis understand the current dynamics of the UK retail sector and use this to devise successful strategies for market share gains
* Identify growth prospects and trends in individual sectors and plan investment accordingly
* Achieve competitive advantage by using action points as a framework for devising a winning retail strategy
For more information or to purchase this report, go to:
- http://www.fastmr.com/prod/47303_uk_retail_in_the_recess ...
Partial Table of Contents:
Overview
Introduction
SUMMARY
Retailers must adapt to a low growth future; ...
... and a different consumer mindset;
They must cultivate a consistently lean and cost efficient organisation;
Invest in innovation, distinctive branding and communication;
While propositions must be flexible - to exploit trends effectively;
And being multichannel is vital.
Executive Summary
KEY FINDINGS
Retailers must adapt to a low growth future
Consumers have a different mindset and retailers must work harder to win a share of their spend
A culture of cost efficiency and lean operations is necessary at all times, not just during recessions
Innovation is vital
Distinctive branding will keep retailers top-of-mind and create long lasting loyalty and trust
Communication is crucial in reinforcing brand values and driving footfall
Flexible proposition and operations required to exploit favourable trends quickly
Multichannel essential
Table of Contents
Table of figures
summary
Characteristics of retail survivors
Characteristics of retail casualties
Action Points to safeguard businesses from downturns in economy
Build a distinctive, high profile brand
Identify and exploit trends - quickly
Innovate
Make cost efficiency a constant
Communicate
Have flexibility in the proposition
Be multichannel
analysis
Recession and overcapacity shake out the weakest
New factors for retailers to contend with in latest recession
Changing consumer mindset
Trends in retail casualties
Non-food biggest casualty
Food & grocery best performing sector
Health & beauty maintains its appeal to consumers
Clothing & footwear resilient despite casualties
Home sectors hit by fall in housing market
Books, music, video - changing radically
New attitude to space growth
Space more productive - even with online sales excluded
Outlook
New strategies will be needed in a slow growth environment
APPENDIX
Methodology
Further reading
Ask the analyst
Verdict consulting
Disclaimer
List of Tables
Table 1: Changes in retail space and expenditure 2009e on 2008
Table 2: Changes in space productivity - 2009e on 2004
List of Figures
Figure 1: Characteristics of retail survivors 2009
Figure 2: Common factors of retail casualties 2009
Figure 3: UK retail - impact of recession 2006-2009
Figure 4: UK retail and GDP growth 1969-2011e
Figure 5: Total retail inflation, volume, value growth 1989-2009e
Figure 6: Changing consumer mindset 2009
Figure 7: Timeline of casualties/administrations December 2007-March 2009
Full ToC is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=473 ...
About Verdict Group
With over 20 years' experience, Verdict Research is the UK’s leading authority on retailing, and publishes unrivalled independent analysis. Verdict reports, forecasts, briefings, consumer research and bespoke consulting services provide clients with a complete picture of the UK and international retail arena, helping retailers, manufacturers, service suppliers, city analysts and consultants to fully exploit opportunities within the sector. View more research from Verdict Research at http://www.fastmr.com/catalog/publishers.aspx?pubid=1005
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
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