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UK Electricals Retailers 2011
Verdict Research Limited, Feb 2011, Pages: 233
The electricals sector remains one of the toughest and most competitive areas of UK retail. However, with a number of larger players ceding share, opportunities remain for growth. Therefore, a number of smaller players and new entrants are still managing to achieve impressive gains in share, through developing compelling offers that strike a chord with the consumer.
Features and benefits
- Market size, sales and growth rates to 2011 for the electricals market overall and for seven subcategories
- Comprehensive profiles of all significant UK electricals retailers including Amazon, Argos, Asda, Best Buy, Comet, Dixons, GAME, John Lewis and Tesco
- 2006-2011 market share data for all major sector participants
- Space allocation data for all key retailers for 28 product categories
- Key operating statistics, such as sales, profits, densities and margins, for all the sector's major players
Highlights
- The UK electricals market has suffered some of the heaviest declines in retail over the past few years, with sales forecast to have fallen by £2.5bn in 2011 in comparison to 2008. Despite the (unconvincing) emergence from the recession and the popularity of some new products, such as tablet PCs, there remain a number of inhibitors to growth.
- Despite the weaknesses of the sector, an array of big name retailers continue to target it as an area for growth. These retailers believe that by leveraging their understanding of retail to create multichannel offers, providing consumers with both value and high levels of service, they will be able to grow sales even in such a difficult market.
- With margins still in recovery, it will be increasingly important for electricals retailers to trade shoppers up the range architecture. Indeed, retailers such as Dixons are now implementing strategies to boost revenues that involve improving customer service and store environments to boost conversion rates, basket sizes and average ticket prices.
Your key questions answered
- What are the major players doing to protect themselves against the changing dynamics of this rapidly evolving market?
- How will the market perform over the next year and what are the opportunities offered by individual product categories?
- What are the strengths and weaknesses of all the significant players in the UK electricals market?
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