StudentShare solutions
Triangle menu

Retail Industry in the UK for the Last Quarter of 2011 - Essay Example

Extract of sample
Retail Industry in the UK for the Last Quarter of 2011

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. ...
2.2 Causes of decline in consumer shopping The retail sector witnessed a healthy start to 2011 as figures showed that sales on high street were up 9% year-on-year which provided a new boost to the British mid-market retailers (Sillitoe, 2011). Fashion sales, non-fashion trading and homeware sales had all witnessed growth in sales. However, the economic and survey data suggest a slowdown in activity, which poses a challenge for the UK retail sector. Following the recession the economic growth has been slow which reflects the weak consumer sector and the rising unemployment. The economy is expected to grow by 2.0% in 2012 but the retail sector continues to be grim (Retail Economics, 2011). Consumer spending had fallen for four consecutive quarters before September 2011. Consumer spending in the second quarter of 2011 declined by 1.7% compared with the same period last year. Real disposable incomes have been affected due to high levels of inflation and low earnings growth. Besides, taxes have been imposed and benefits cut, which further affects the household disposable income. Fears about job security and personal finances have contributed to low consumer spending. The consumer spending is expected to slow down further as consumer debt rises, assisted by rising interest rates and inflation (Prospects, 2012) and stagnant wage growth and rising unemployment (Leach, 2011). House prices and job security also affect how people shop. Consumer confidence has waned because people will shop only if they feel optimistic about the situation. When they lack confidence in their own financial security, naturally the spending will be reduced. There has been a slow growth in the retail sector as the operating costs and the cost of credit have risen. The ...Show more


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…
Author : tremayne33
Retail Industry in the UK for the Last Quarter of 2011
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Retail Industry in the UK for the Last Quarter of 2011"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

The fast fashion retail sector in the UK with reference to two value-fashion specialists, T.K. Maxx and Primark
The paper carries out the in-depth analysis of the fast fashion macro-environment and competitive environments to enable a clear understanding of the strategies adopted by T.K. Maxx and Primark. The report highlights how the fast fashion industry has been turned on its head by the emergence of these value-retailers.
23 pages (5750 words) Essay
Retail Industry in the UK
Retail industry in the UK is one of the biggest industries and it is still growing notwithstanding the economic conditions in the region. In the year 2009, retail sales in the UK amounted to over £285 billion and the total amount of sales kept growing in the later years.
6 pages (1500 words) Essay
Retail Market Analysis - Mobile Phone Retailing in the UK for the last quarter of 2011 (October December)
The potentials of each firm to compete effectively its rivals can vary in markets worldwide. In extremely competitive markets, such as the UK market, the growth of each firm is depended on its ability to identify strategies that offer a competitive advantage.
9 pages (2250 words) Essay
Analysis of the UK Music Retail Industry
Control on copyright and recording places potential limitations on the formal distribution channels, for instance, downloading music online (Burt and Sparks 2003, p74). In other words, formal distribution channels have been affected by recording and copyright controls and laws.
6 pages (1500 words) Essay
Investigate, Outline and Analyse UK Food Industry
As the market is a free one, the entry barriers are lower and for that there are new companies that want to enter the market. As the competition is increasing, the companies have mainly focussed on innovation. From the research it has been found that in UK manufacturing economy, food sector represents over 15% of the economy.
8 pages (2000 words) Essay
Retail Industry
The paper will also reveal cases and data oriented to this issue to reveal the authenticity and bring out a clear understating of the current situation. Most importantly it will also adjudge the validity of the claims made by both the retailer and lobbyist.
12 pages (3000 words) Essay
During the last quarter of the 20th Century (specifically the 1980s),HRM arrived in the UK, having originated in the US. Please identify and explain those fact
This statement would imply that HRM is a new concept, a new approach which differentiates itself from the tradition methods of
10 pages (2500 words) Essay
Investigate, Outline and Analyze UK Food Industry
According to the discussion companies like Tesco and Sainsbury are increasing their international presence, which is also good for the economy. The Food Standards Agency is the regulator of UK’s food industry and it is a department of the government of United Kingdom, but not headed by any minister.
9 pages (2250 words) Essay
Giving economic circumstances over the last five years of how Tesco, Sainsbury and Morrisons have coped
The 2008 economic crunch was caused by a shortage of finance which made buyers to go slow on purchasing goods as they feared the economic slump which could render them bankrupt if they did not economize
4 pages (1000 words) Essay
Contemporary Marketing Research - John Lewis bucking the trend on the UK High Street
The year 2013 is a worrying year for most of the retailers in High Street in UK due to the changes in the economy and the market trends. It has been predicted that Comet and Jessops would be the first of several retailers in UK to face
14 pages (3500 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Retail Industry in the UK for the Last Quarter of 2011 for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
Join us:
Contact Us