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The UK High Street: The decline of a British institution

Published: July 2013 · Publisher: MarketLine
Some of the country’s most cherished retail brands have filed for administration in recent years, and in some cases, have disappeared from the high street altogether. The rise of e-commerce, ‘showrooming’, and reduced consumer spending.
Report Type Case Studies
Language English
Format Electronic (PDF)
Pages21
Frequency Updated Annually
Availability Will be emailed within 1 business day
Reference No. 0109-6703
Price € 369,00
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Introduction

Some of the country’s most cherished retail brands have filed for administration in recent years, and in some cases, have disappeared from the high street altogether. The rise of e-commerce, ‘showrooming’, and reduced consumer spending and confidence are significant factors in the decline. However, some stronger players have reinforced their positions via the acquisition of distressed retailers.

Features and benefits

* The publisher's Case Studies describe topics such as innovative products, business models, and significant company acquisitions.
* Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends.

Highlights

Stores specialized in numerous markets are vulnerable to the disease plaguing the UK high street. However, data from the UK Office for National Statistics shows that clothing & footwear stores and household goods stores have particularly hard hit, seeing year-on-year declines of 0.3% and 2.2% respectively between December 2011 and December 2012.
There is no single answer to the question ‘what is causing the high street slump?’ The answer is, in fact, a combination of factors. The rise of e-commerce in the UK and subsequent birth of ‘showrooming’, increased product diversification by major supermarkets, and reduced consumer spending and confidence are all causes.
The slump has also created opportunities and hope for some retailers and consumers. The failings of some retailers have provided strong existing players with the opportunity to strengthen their market positions by acquiring some or all of the stores of companies which have entered administration.

Your key questions answered

* How far-reaching is the UK high street retail slump?
* What is causing the decline of the UK high street retail sector?
* How are retailers adapting to changing market conditions?
* Who has benefited from this decline and how?
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O VERVIEW
Catalyst
Summary
WHO HAS BEEN IMPACTED BY THE DECLINE?
Companies of all sizes and all specialisms have been affected
Even the strongest surviving retailers are struggling
WHAT IS CAUSING THE HIGH STREET SLUMP?
The rise of e-commerce
Supermarkets: The all-under-one-roof solution
Tough economic conditions have shifted consumer priorities
THE SLUMP DOES CREATE OPPORTUNITIES
Strong players have ‘cherry-picked’ stores of failed retailers
Acquisitions of failed retailers present bargains for the buyers
In many cases, the slump has created lower costs for shoppers
Falling rents present opportunities for independent players
CONCLUSIONS
The UK high street is in irreversible decline
APPENDIX
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Disclaimer
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.