StudentShare solutions
Triangle menu

The UK Retail Industry - Case Study Example

Not dowloaded yet

Extract of sample
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).
Within the context of today's global competition, businesses and firms no-longer compete as individual companies but try to corporate with other businesses in their activities (Wu & Chien 2007:2). These researchers went further to argue that, this strategy has become quite common in many businesses including the retail chain stores. The conventional vertical integrated company based business model is gradually being replaced by collaborative relationship between many fragmented, but complementary and specialized value stars and constellation (Wu & Chien: 1).
In today's global business environment it is no longer sufficient simply to meet customers demand as time quality and cost have become increasingly important in the phase of increasing competition (Petts 1997:551).
According to Higgins (1998:2), "customers don't always know what they need or even that there is a problem to be solved." Success awaits those companies that recognize the fact that, to be successful and satisfy customers, it is often necessary to lead customers into recognizing these needs (Higgins 1998:2-3).

Against this background, this paper focuses on the United Kingdom (UK) retail industry using certain analytical models such as the five forces, the PESTLE framework and the SWOT analysis. Focusing on this sector has a number of important advantages. Firstly, government regulations and control in this sector are quite strict. In addition, the retail sector represents one of the principal sectors of the UK economy, having one of the biggest employer and biggest multinational in the world TESCO. In this direction it is important to look deeper into the industry.

1.0.1 Structure of Work
The introductory section of this paper laid the principal argument for this study. The remaining part of the paper is organized as follows. In the section two of the paper, I will present an overview of the United Kingdom retail sector with emphasis on the major players, TESCO, Sainsbury, Morrison and Marks &Spencer. Section three of the paper looks at the Macro and Micro economic environment of this sector with emphasis on the PESTLE framework while section four evaluates and analyses the sources of competition in this sector using Porter's Five forces model. The last but one section of the ...Show more

Summary

Today business environment has become increasingly turbulent, chaotic and challenging. To survive, it is vital that a firm can do something better than its competitors (Wonglimpiyarat 2004:1). Globalization has not only altered the nature and the intensity of competition but has had to dictate and shape organizations in terms of what consumers wants, how and when they want it and what they are prepared to pay for it (Hagan 1996:1).
Author : nkertzmann
The UK Retail Industry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"The UK Retail Industry"
with a personal 20% discount.
Grab the best paper

Related Essays

AN ANALYSIS OF THE UK SUPERMARKET RETAIL SECTOR
Demand Like in other part of the world, there has been increasing spread of spending culture in the UK. The tradition culture of spending on what is required is slowly dying away and there has been evidenced increase purchase from consumer. This has been enabled by increase in disposable income as more and more people shift their livelihood upward.
6 pages (1500 words) Case Study
International Business of Inditex
According to Johnson et al (2007), it is a process by which a business gathers information from the environment to achieve a sustainable competitive advantage. In analysing how micro and macro environmental factors affect the activities of Inditex focus will be placed on the PESTLE framework.
13 pages (3250 words) Case Study
UK Coffee Industry
As the 2005 sales of instant coffee1 indicate, the sub-sector is further divided between regular, premium freeze-dried, decaffeinated, speciality, super premium, powder and economy or flavoured coffee. Among these sub-categories, speciality coffee exhibited the highest growth rates overall.
6 pages (1500 words) Case Study
Retail Marketing and Logistics
It includes the regular department stores and even online retail stores. In order to survive in the hyper competitive industry, retail companies, whether big or small with click or brick facilities, must understand the concepts of retail marketing and logistics as well as apply such theories into their day-to-day transactions and business strategies.
14 pages (3500 words) Case Study
UK Retail
The slowdown of the industry is generally attributed the continuing deceleration of the Chinese economy as well as fluctuations in energy prices that affected related industries (Awbi, 2006a; Tesco expands in Japan, backtracks on China, 2006). However, indicators by the second half of 2006 have indicated that earlier projections in 2004 may still be achievable due to market growth in India, Russia, South America, and Eastern Europe though US markets remain subdued in comparison (Markets Ready For Liftoff After Positive Economic Reports, 2006; Awbi, 2006a).
12 pages (3000 words) Case Study
Retail Brands
We will study these to identify the key requirements for the success of any retail store. Finally, an overview of the retail market in the United Kingdom will be given. Marks and Spencer, also popularly known as M&S, Marks or Marks and Sparks is a British retailer that has more than 450 stores located throughout the UK and is growing internationally by franchising into more than 30 countries throughout the world ( Marks and Spencer, The Company, n.d.).
8 pages (2000 words) Case Study
Marketing Strategy of Tesco
To retailers, the internet has provided a venue where they can distribute and market their products to their prospective clients. However, through the course of time, the success of online retailers proved to be a factor of its resources and how it employs these to achieve its specific goals and objectives.
12 pages (3000 words) Case Study
UK Retail Market
The top five clothing retailers, M&S, Next, Arcadia Group, Matalan and BHS, claimed 44% of sector sales in 2004 making the UK one of the most concentrated clothing sectors in Europe. In spite of this, value-led retailers, such as TK Maxx, ASDA (George range) and Tesco outperformed the rest of the market, continuing to be the fastest growing channel and generating 2 billion in clothing sales.
8 pages (2000 words) Case Study
Sales Channels in Retail Industry
According to the report the discount retail industry emerged in the United States in the mid-1950s. Americans, accustomed to the supermarket concept and better informed, took the concept of self-service to heart. The companies in question are Wal-Mart and Carrefour, both retailers. To begin with, let us take a closer look at these companies’ profiles.
12 pages (3000 words) Case Study
Retail Marketing
Another section was devoted to the issues and challenges faced by Tesco when trying to capture foreign markets. The last part looks at the implications of Tesco's rapid growth in the market environment and the possible recommendations on how to minimize its harmful effects.
13 pages (3250 words) Case Study
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation