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UK Department Stores 2010
Datamonitor, Aug 2010, Pages: 270
UK Department Stores 2010: Department stores proved a resilient channel in 2009 outperforming total retail expenditure growth. This trend is set to continue in 2010, despite the challenging economic backdrop, with department stores having adapted to changing consumer needs. This report examines the key issues for the sector and profiles the major retailers including Marks & Spencer and Debenhams.
Scope of this research:
- Consumer expenditure via department stores 2000 - 2010e, growth and inflation/deflation trends, store numbers, space and sales density
- Market shares 2005-2010e, sales, space, operating profits and margin, and sales densities of top ten retailers in the sector
- Detailed profiles on the top 10 department store operators including key operating statistics, space allocation data and outlooks for each
- Comprehensive analysis of the key issues set to impact the department store sector and strategies for success
Research and analysis highlights:
Though the economy remains tough, we predict the strongest rise in spending since 2001 for 2010 with expenditure rising £0.7bn to £15.3bn. Department stores have reacted quickly to changing customer needs addressing price architectures and store formats, as well as benefitting from space expansion.
Department stores continue to appeal to customers due to their convenience of offering a huge variety of products under one roof. Over the past year ranges in both clothing and homewares have improved substantially, increasing their appeal. More structured price architectures have also enabled customers to trade up or down within stores.
Clothing and footwear achieved the largest growth across all product sectors in department stores. Retailers have allocated more space to clothing and footwear as these sectors have been more robust throughout the economic downturn.
Key reasons to purchase this research:
- Identify the key trends and issues for department stores to exploit opportunities and minimise risk
- Comprehensive profiles provide essential information on business models and performance measures both crucial for benchmarking businesses
- Understand key success drivers using Verdict's detailed insight on major department store players
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