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Viewing report
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UK Furniture & Floor Covering Retailers 2012
Verdict Research Limited, Dec 2011, Pages: 256
With continued pressure on the housing market and disposable incomes in the UK, we discuss how this affects the furniture & floorcovering sector, which is heavily reliant on sales of big ticket items to drive growth. As consumers continue to divert spend toward essential items, the report recommends strategies furniture & floocovering retailers must adopt in order to survive in a difficult sector.
Scope:
- Market sizing and shares for the leading retailers in both furniture and floorcoverings retail with comprehensive analysis of the winners and losers
- Detailed breakdown of retailer operational performance including sales, profits, space expansion and market share
- Key issues affecting the market are examined including the weak housing market, low demand for big ticket items, and the impact of online on stores
- Detailed space allocation by product category for the leading furniture and floorcoverings retailers
Highlights:
- The furniture & floorcoverings market is estimated to have contracted faster in 2011 than in 2010, falling 5.5%. Since 2007 it will have contracted cumulatively by almost a quarter. It is estimated that since 2006, beds and bedroom furniture expenditure contracted by just 0.6% as consumers look for greater comfort and relaxation in the home environment.
- The state of the housing market remains central to the performance of the furniture & floorcoverings sector as home moves provide the major stimulus to most purchases, particularly in the case of big ticket expenditure like large items of furniture, floorcoverings, kitchens and bathrooms.
- The largest players in each sector are using their economies of scale to protect margins while reinforcing their price competitive positions. Smaller and medium size operators are at a disadvantage in this situation, and unless they are able to create differentiated product ranges, their operating margins will be put under even greater strain.
Reasons to buy:
- Who are the top performing furniture and floorcovering retailers in the UK, and who is set to perform best in 2012?
- What are the strategies adopted by the most successful retailers in the furniture & floorcoverings sector, and how can you implement them?
- What role will non-specialists play in the recovery of the sector and how is the market expected to look post recovery?
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