Only on StudentShare

Extract of sample

As a result there has been increased demand for goods at the retail level.
One of the peculiar characteristics that have been witnessed in the UK retail industry is the change in loyalty that customers had earlier held to certain brands of commodity. Apparently, there is a change in the way customers are buying goods and the increased entrance of many players in the retail market has affected the way retail traders conduct their business. Increased competition has seen increased innovation in the industry with shops struggling to hold customers.
Customers to the retail industry include those coming from the middle class. Apparently the middle class has been described as the driver of economies since it takes less measures in the way it consumers. Improved economy has seen increased income in the middle class which ahs continued to change with the changing global culture. Like in all other countries, the tide of globalization has brought a change in the culture of the people and more and more people are becoming conscious of what the market can offer. The global culture has also changed towards a spending culture and more and more people are spending in the market.
Apparently there has been increased demand in some product while there is decreasing demand of other products. ...
Download paper


The retail sector is very important for any country. It plays a great role in the economy of any country since it acts as the driving force of the economy. Unlike the manufacturing sector, the retail sector is in direct control of the market and has more influence on the trends in the market…
Author : erdmanmaximilli

Related Essays

Retail Industry in the UK
In the year 2010, the industry was responsible for the creation of additional 12,750 full time jobs and the total number of jobs increased by 2.1% in comparison with the previous year. The total number of people employed by the industry in the year 2010 was 2.9 million which roughly accounts for the 11% of the total workforce in the UK. From this fact, it can be inferred that the retail industry holds a very prominent position in the economy of the UK. From economic activity to employment, the retail industry affects a number of factors in the economy of the UK. In 2010, there were 286,680...
6 pages (1506 words) Essay
The UK Retail Industry
This is so because success is based on an organization's ability to create, rather than predict the future by developing those products that will literally transform the way the world thinks and view it self and the needs (Kanter 1995:71)....
31 pages (7781 words) Case Study
Supermarket Company Strategic Analysis
The report below provides an insight into the supermarket company, Tesco, with emphasis on its external environment analysis and company's analysis of resources, competence and culture. Two future strategic options are suggested in regards to the resources based strategies....
12 pages (3012 words) Assignment
UK Retail
Appendix A illustrates the state of the international retail industry:...
12 pages (3012 words) Case Study
Morrisons Supermarket
These are backed up by hundreds of special offers each time (Morrison's, 2006 and Wikipedia, 2006) from discounts to "buy one take one" topped by the wide range of goods offered from their own label "Bettabuy" and "Farmer Boy" to branded ones such as the overtaken and now defunct Safeway (BBC News, 2005) upmarket group products called "The Best." Morrison's is generally acknowledged to cater to "the lower end of the mainstream supermarket sector, offering value above choice and premium quality," of which executive chairman Sir Ken Morrison was quoted as saying "I don't know what a middle class...
8 pages (2008 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!