Retail industries of UK

Retail industries of UK Dissertation example
Masters
Dissertation
Marketing
Pages 5 (1255 words)
Download 0
BACKGROUND OF THE STUDY Retail industry of UK has been one of the most growing industries over the years, specifically the food retail industry. Because of recession, the overall world economy was not growing despite of that, food retail industry has been one of the industries which reported considerable amount of growth…

Introduction

Despite of the fact that the UK economy was going through recession, but the overall sales of the industry had increased in 2009 as it reached a figure of over ?285billion. It has been estimated that this figure would further increase in the years to come. Also with the world economy and UK economy recovers itself from recession, retail industry would be one of the most beneficial industries as this would further increase the total revenue of the firms in the industry (The Scottish Government, 2010). By the end of 2010, the total retail units in the kingdom were approximately 286,000 (Arch, 2010). The food retail industry is an important industry for the UK economy as over the years it has been able to contribute a lot to GDP of the country. In addition to this, food retail industry is a significant one for United Kingdom economy as it has been able to consume considerable portion of the employment. According to a report, there are more than half a million people working in the industry representing almost 13% of the total workforce of United Kingdom. Food retail industry consumed more than 12,750 permanent jobs throughout 2010 which represents an annual growth of 2.1% in the jobs of food retail industry from the year 2009 (The Scottish Government, 2010). ...
Download paper
Not exactly what you need?

Related papers

Trust-Mart expansion on to UK’s supermarket retail market
Competitive Strategy of Trust-Mart …
Retail Marketing and Distribution
SST is one of the newly adopted technologies for customers to interact directly with banks. This system has been employed in the retail sector, especially in banks, and plays a pivotal role in the retailing system. This has been incorporated and designed with the aim of executing business fast and with accuracy. The SSTs play a significant role and are of dual importance. This technology satisfies…
Retail industries in UK
Lynn (2010) also expressed similar opinions as expressed by Inman. “Stakeholders such as the government, customers and dealers often hold a large stake in any negative turn the UK’s economy takes”(Lynn, 2010, p. 65). The retail industry is a sector of the economy in which individuals, employees, consumers and organizations interact each other. UK retail sector is currently facing huge…
Literature review: Retails industries in UK
Foreign companies currently acquired many prestigious UK companies. For example, Indian automobile manufacturer TATA group recently acquired Britain’s prestigious automobile manufacturer Jaguar and Land Rover. Inman (2009) mentioned that ‘the unemployment in UK may cross more than 3 million in near future itself as Britain's manufacturers, retailers and service industries feel the full effects…
Retail business
Due to recession, many retail organizations have reduced their workforce, and the employees feel uncertainty in their jobs. 3. People are likely to lose their jobs, especially men and young employees. The effect of global crisis have been felt by people in different ways, depending on the places they live, industry in which they are employed, occupation, and their personal characteristics. This is…
Retail Store Marketing Plan
The report will however specifically focus on the apparel retailing sector. The purpose of this report is to make a promotional plan of an apparel retailing company in UK. The report will shed light on the desired image and store name, the target customers for the new store, and the competitive advantage to be offered by the company. Apart from that, the report will provide several recommendations…
M019 Regular Assignment - Understanding Retail
E- Tailing companies such as Onsale, @home, Webvan and Boo.com have experience their fair share of failures and were eventually closed down (Caroll and Casey, 2004:2). This goes ahead to prove that not all e-tailing companies have been successful in business. High street retailers have been in existence for a long time and have substantial loyalty and a wide customer base in the global market…