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UK Homeware Retailers 2010
Verdict Research Limited, Jan 2010, Pages: 22
By the end of 2010, the homewares market will have shrunk by 1.9% as it continues to feel the impact of the recession. This report explores the dynamics, growth trends and drivers of the homewares market and why growth has stalled so violently. In addition the report profiles the leading operators and major casualties in the market.
Scope:
- Market size, sales and growth rates for the homewares market overall and at category level and for nine sub segments.
- 10 year market share records with key operating and store portfolio statistics for all leading sector participants.
- Space allocation for leading players across 18 product categories.
- Strategies for success in an increasingly competitive and shrinking market.
Highlights:
With consumers cutting back on discretionary spend and taking less interest in home improvement, the homewares market is suffering. By the end of 2010 the market will have shrunk by 1.9%, resulting in a decline of £652m since its peak in 2008. With the robust growth of the last decade over, retailers will have to work harder to attract spend.
Levels of consumer confidence and activity in the housing market have improved, but not to levels where they will boost spending on homewares significantly. With the homewares market seeing either no growth or slow spending increases for the foreseeable future, to increase sales, retailers will have to gain share from competitors.
The departure of Woolworths, Rosebys and The Pier from the market during late 2008 and the beginning of 2009 has lessened the impact of the decline in the market and allowed the survivors to up their share. However, without similar failures they could find 2010 much harder, with a return to declining like-for-like sales highly probable.
Reasons to Purchase:
- UK Homewares Retailers 2010 is a comprehensive report, combining insightful analysis into the market downturn with robust statistical interpretation.
- This report analyses the prospects for over 27 of the leading players in the market, enabling performance benchmarking.
- A comprehensive outlook section is included listing the key issues likely to impact the homewares market through 2010 and beyond.
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