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Viewing report
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UK Electricals Retailers 2007
Verdict Research Limited, Aug 2007, Pages: 198
Introduction
The electricals market is one of the most dynamic sectors in retail with perpetual innovation providing numerous reasons for consumers to buy newly launched electrical products. Yet this rapid the pace of technological development also results in unceasing price deflation, making this market exceptionally challenging for specialist retailers to maintain profit margins.
Scope
Market size, sales and growth rates to 2007 for the electricals market overall and for seven subcategories Comprehensive profiles of all significant UK electricals retailers including Argos, Asda, Comet, DSGi, Game Group, Jessops, John Lewis and Tesco 2002-2006 market share histories for all major sector participants and estimates for 2007 Space allocation data for all key retailers for 28 product categories
Highlights
In 2007, the electricals market is set to grow by 4.2% to £24.3bn, boosted by continuing demand for new digital technologies and an outstanding performance from games consoles & software. Though growth will be lower than the 4.5% increase electricals achieved in 2006, it is still comfortably higher than most other major retail sectors. The sector as a whole has relied heavily on games consoles & software to drive growth. Accounting for 82.4% of total value growth in the whole sector, when the sub sector is stripped from the market, the remaining sub sectors will see collective growth of just 0.8% out of 4.2% in 2007.
Price deflation has hindered the progress of the audio-visual sub sector and in particular flat panel TV in 2007. While in 2006 price deflation moved flat panel TV to mass market price points which in turn boosted demand, in 2007 further price deflation has left retailers battling to boost volumes sufficiently to grow sales values.
Reasons to Purchase
Develop a clear understanding of the key issues surrounding the sale of electricals products to consumer in the UK Identify and anticipate future market trends for the electricals market Benchmark your performance against your key competitors
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