UK Gardening Sector Remains Relatively Resilient to Downturns, States Verdict Retail in Its Discounted Report Available at MarketPublishers.com
02 Nov 2016 • by Natalie Aster
LONDON – Gardening sales has decreased to just over 2% in 2016, thus witnessing its weakest performance since 2012. Fairly favourable meteorological conditions early in the year, such as above average moderate temperatures and the amount of sunlight, made 2015 a comparatively strong period. Moreover, 2015 sales were supported by low inflation and interest rates giving a boost to customers' buying capacity and recovering consumer confidence encouraging potential consumers to make big-budget purchases. These factors contributed to the growth reaching 2.5%. As a result, 2016 has struggled against these strong comparative figures.
Notwithstanding continuous uncertainty over the country’s housing market and the results of the Brexit vote, the gardening market remains relatively resistant to downturns as against many other retail categories. Austere consumers perceive it as an inexpensive and enjoyable hobby and generally keep on purchasing, with some even increasing how much they outlay to the disadvantage of more money-losing activities, like holidays.
The expansion of garden centres and the gradual consolidation in the gardening industry are expected to cause an increase in store standards in the offing.
Discounted research report “Gardening” elaborated by Verdict Retail offers a keen look at the gardening market space in the UK. It provides in-depth analysis of key issues and success strategies for the national market; gives an assessment of the overall market size and provides forecasts for the country’s gardening market. The study provides profiles of the dominant retailers comprising market shares and projections; and also offers an insightful review of what, how and where people are purchasing gardening products.
Companies profiled include: Dobbies, B&Q, Homebase, Tesco, Wyevale and Wilko.
More comprehensive research studies by our partner are available at its page.