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UK Food & Grocery Retailers 2010
Verdict Research Limited, Sep 2010, Pages: 298
Expenditure growth is set to rise by just 3.4% to £124.0bn in 2010, the slowest rate of growth in sector since 2006 and we forecast subdued growth in the coming years comparative to its recent performance. It will become increasingly important for retailers in the sector to adjust strategies and propositions in response to intensifying competitive pressures allied to emerging consumer trends.
Scope:
- Market size, sales and growth rates for the UK Food & Grocery sector overall and at category level.
- Analysis of the key issues that are impacting the sector and strategies to exploit growth opportunities.
- Comprehensive analysis of the online food & grocery market, including market size forecasts to 2014.
- Space allocation by product category across the leading operators.
- Profiles of key players operating in the sector: including operating statistics and market share analysis.
Highlights:
- The sector has been impacted by the deteriorating economic climate and severely reduced household incomes. Consumers are increasingly prepared to trade down to value ranges and reduce weekly shopping budgets. However, while consumers remain price-led, product freshness, quality and provenance is taking greater precedence in purchasing decisions.
- Investment in online propositions will be increasingly important to effectively meet consumers’ increasing convenience demands. As consumers switch between instore and online to buy groceries, while expecting click & collect service when buying non-food online, leveraging multichannel capabilities will be key to success for the supermarkets.
- In responding to emerging shopping habits it is imperative that grocers pursue balanced and flexible space expansion. We expect smaller formats will increasingly form the focus of expansion plans as grocers exploit growth potential in convenience store retailing, with larger stores used to enhance non-food and leverage multichannel capabilities.
Reasons to purchase:
- How will emerging economic and demographic trends impact the sector?
- Which operators have performed well during the economic downturn?
- Which operators have the best potential once the economy recovers?
- What are the avenues for growth and how can they be exploited?
- How will the online channel perform over the next five years and which factors will drive growth?
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