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Finance & Accounting
Pages 10 (2510 words)
RETAIL MARKET ANALYSIS “VANCOUVER TRADING INCORPORATED” NAME: AFFILIATION: UNIVERSITY: COURSE TITLE: DATE OF SUBMISSION: Word Count: 2507 Contents Contents 2 Introduction 3 Findings & Analysis 4 Retail trends over recent years 4 Competition 5 Market development 5 Profitability & Consumer Spending 7 Consumer behavior within this sector 7 Potential of retail offering in United Kingdom white goods industry 8 Conclusions 8 Recommendations 9 References 10 Bibliography 10 Introduction The retail sector is an important area of concern for majority of the entrepreneurs.
It has been observed that the retail industry of the United Kingdom is going to expand in size by around 15% in the coming 5 years. A value of around 312 billion pounds may be attained by the United Kingdom. Source: www.cbi.org.uk/.../10%2007%2026%20DTS%20NACE%20note%20final. pdf The retail sector of the United Kingdom has a value of 8% of the total gross domestic product of the country. The different retail industries in the United Kingdom have developed immensely in all areas such as home wear, health and beauty retail industry, electrical goods, garments industry, e-retail, furniture and floor coverings and other such types of retail sectors. Northern Ireland is one of the regions where tremendous amount of retail growth has been observed. Vancouver Trading Incorporated is planning to start its retail operations in the United Kingdom in the industry of white goods. This report is an overall analysis and advice of the level of retail of white goods in the United Kingdom. ...
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