Top Retailers Losing Market Share in the UK
Just-style.com reports that the UK’s top retailers are no longer gaining collective market-share at the expense of their smaller rivals, according to a newly-published 700-page report. Rising competition between the leaders, and pressures to de-merge non-core businesses seem to be taking their toll.
The Top 10’s UK sales in 2001 were down by 1.3 percent, resulting in a combined share of UK retail sales falling from 43 percent to 41 percent. Meanwhile, total UK retail sales rose by four percent in the same period. The new retail elite is made up of focused specialists such as Next, JJB Sports and Matalan, according to Retail Knowledge Bank’s Top 500 – 2002.
Moderator Comment: Do you believe that independents and small chains can grab market share from large retailers here in the US similar to what is taking place in the UK? [George Anderson – Moderator]