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Retail Industry in the UK for the Last Quarter of 2011 - Essay Example
Pages 10 (2510 words)
Retail industry in the UK for the last quarter of 2011 (October – December) Table of Contents 1. Background 1 2. Overview of the retail sector 2.1 Top retailers - UK 1 2.2 Causes of decline in consumer shopping 1 2.3 Competitor analysis 2 3. Retail sector in the last quarter 3 4…
The UK retail sector contributes 8% towards the country’s GDP which includes the UK retailers going overseas and expansion of e-commerce beyond the borders of the United Kingdom (Farfan, 2011). However, retailers in the UK face a huge challenge as they struggle to cope with the sudden deterioration in consumer demand and willingness to purchase. This report presents an in-depth analysis of the key factors that influence the development of the retail sector while evaluating which sectors offer the most potential. 2. Overview of the retail sector 2.1 Top retailers - UK The top four retailers in the UK include Tesco, Asda, Morrisons and Sainsbury and together they account for about 80% of the retail food sales in the UK (Farfan, 2011). Even though recession impacted the individual retail chains, there were not many substantial changes in the largest retail UK chains. The largest retail chains held their ranking order because there were no changes observed. Two major changes that occurred in 2011 in the UK retailing industry were that the apparel retailer Arcadia group and department store Debenhams lost their spots in the World’s largest retailing list completely. ...
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