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UK Retail Futures 2012: Furniture & Floorcoverings
Verdict Research Limited, April 2008, Pages: 177
Introduction
Comprehensive forecasts for the UK retail market over the next five years, including a full explanation of macroeconomic, consumer and sector specific factors influencing market performance.
Scope
- Value data, growth rates and forecasts broken down by subsector and detail for nine subcategories
- Coverage of key market issues and growth drivers, including inflationary trends, multichannel development and non-specialist participation
- Furniture & floorcoverings market expenditure, inflation and volume growth (1997-2007), plus full five-year forecasts for each of the categories
- Market shares for 2002-2007 and forecasts for 2008.
Highlights
Weak consumer sentiment towards big ticket purchases will negatively affect market performance, particularly of furniture and floorcoverings specialists. Consumers’ discretionary spending will be limited over the next two years as disposable incomes are eroded by rising living costs, increased taxation, higher borrowing costs, and slow wage growth.
We expect space growth to slow as a result of the challenging trading conditions. Many leading furniture specialists have downgraded previously ambitious expansion plans for the next five years amid the downturn in consumer spending and pessimistic sales growth predictions.
With non-specialists enhancing their furniture offer, specialist retailers will need to compete on more than just price to survive. As consumers have more choice, competing on price alone will not be sufficient.
Reasons to Purchase
- Plan confidently for the future with reliable independent forecasts for market growth and action points to guide strategies.
- Optimize buying, identify emerging trends and allocate resources so that you can capitalise on them.
- Incentivise managers to outperform by setting your growth forecasts against an independent source.
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