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UK Retail Futures 2013: Furniture & Floorcoverings
Verdict Research Limited, April 2009, Pages: 9
UK Retail Futures 2013: Furniture & Floorcoverings combines comprehensive insight into sector related issues such as how the current economic conditions are affecting the sector, space contraction and the growing presence of non-specialists. It combines this with a host of economic, social and political factors to derive thorough sector forecasts over the next five years.
Scope:
- Market expenditure, inflation and volume growth forecast to 2013 as well as data from the last ten years.
- Comprehensive analysis covering inflation, volume, and sales growth for nine furniture and floorcoverings sub categories.
- Channels of distribution analysis 2008, 2009 and 2013 covering furniture & floorcoverings specialists and non-specialists.
- Comprehensive analysis of the key issues set to impact the furniture & floorcoverings market over the next five years.
Highlights:
The combination of a stagnating housing market, restricted access to credit and deteriorating consumer confidence will cause furniture and floorcoverings to be the worst performing sector in retail in 2009. The current economic climate has left many customers both unable and unwilling to make these larger purchases.
We forecast space amongst specialists contracting between 2009 and 2011. Many independent specialists will not be able to survive the conditions while some of the larger specialists will scale back its stores, closing loss-making ones. However, this contraction will lead to improved deals for those still expanding and improved like-for-likes.
The only sector to achieve positive year-on-year growth throughout the period will be beds and bedrooms. This is largely due to it being a needs based product; should it break, customers will look to replace it quicker than other pieces of furniture. Steady birth rates will ensure cradles contribute a consistent amount as well.
Reasons to Purchase:
- Plan for the future using this report to develop strategies that will enable you to compete effectively against rivals in tougher market conditions.
- Enhance your understanding of key issues, trends, and dynamics in the market, providing a valuable tool to help steer through turbulent times ahead.
- See how furniture & floorcoverings categories and sales channels are expected to perform over the next five years.
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