Wet blankets: Stiff competition and weak residential construction activity have unravelled revenue
Manchester retailers have faced difficult trading conditions in recent years. Dwindling consumer sentiment and rising competition from online-only retailers have weakened retail performance. Recent weak activity in residential building construction has contributed to a drop in consumer demand for Manchester linen and other homeware products. Retail revenue is expected to decline at an annualised 4.8% over the five years through the end of 2023-24, to $372.6 million. This trend includes an anticipated decrease of 3.4% in 2023-24, as retailers face increasing competition and pressure from large department stores.
Industry operators primarily retail household textiles such as bed linen, cushions and curtains. These products are purchased from manufacturers and wholesalers, and sold through bricks-and-mortar stores or through online channels to the general public. Online-only department stores and businesses are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Spotlight Limited
Methodology
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