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UK DIY & Gardening Retailers 2008
Verdict Research Limited, Dec 2008, Pages: 224
Introduction
Verdict Research: UK DIY & Gardening Retailers 2008 analyses the DIY & gardening market as it enters an extremely challenging period - recession. With the market already in the mature stage, characterised by slow growth, this report examines the market dynamics, drivers of growth and key performance indicators. The performance of the leading market operators are assessed between 1998 and 2008 based on:
- Market size, sales and growth rates for the DIY & gardening markets overall and at category level.
- In depth analysis of key strategic issues facing DIY retailers.
- 10 year trading records with key operating statistics and market share analysis for the leading operators.
- Space allocation by product category across the leading operators.
Highlights
The DIY sector will bear the brunt of the recession, shrinking in size for the third time in four years in 2008. Verdict estimates the market will decline by 4.1% in 2008, taking almost £1.0bn out of the market. With DIY retailers already reeling from several years of weak demand and market conditions set to deteriorate further in the year ahead, a new focus on cost reduction has become imperative. Rightsizing, reducing occupancy and operating costs and the disposal of non-core businesses now lead strategic agendas.
With consumers less inclined to spend, the onus falls on DIY retailers to drive demand themselves. To achieve higher levels of spend; DIY retailers must enhance the quality of the shopping experience, ranging, price and customer service. However, this will be hard to achieve in an environment of cost reduction.
Reasons to Purchase
This report provides a comprehensive analysis of the changing dynamics of the UK DIY & gardening market. It gives unique market share information and key operating statistics of leading players for benchmarking across the sector. It provides comprehensive DIY & gardening market analysis, charting growth trends for the broader market and the key statistics for 2008.
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