UK Department Store Retailing Market to Be Spurred by Premium Segment, Says Verdict Retail in Its New Report Available at MarketPublishers.com24 Jan 2017 • by Natalie Aster
LONDON – As of 2016, the year was rather challenging for the UK’s department store retailing market, which showed the weakest growth rate (1.7%) since 2009.
In 2016, around 37.7% of shoppers in the UK made purchases at department stores. Meantime, the online department store market held a share of almost 24% of the country’s total department store spend in the previous year.
Growth in the UK department store retailing market is set to gain momentum in the short run, encouraged by the upturn in the premium segment. The health and beauty segment is expected to be the most rapidly growing and best performing one, as retailers use gifting opportunities and also make remarkable investments in more brand and product exclusives.
In 2016, the UK department store retailing market was dominated mainly by John Lewis with market share exceeding 25%.
Cutting-edge Verdict Retail’s research report, “Department Store Retailing in the UK 2016”, includes a comprehensive analysis of the department store retailing market in the UK. It focuses on the market performance, identifies the major growth opportunities, analyses the main trends, highlights strategies for success and reviews consumer attitudes. Moreover, the study touches upon the key product categories, reviews competitive landscape and provides data on the major market players and their strengths and weaknesses. Besides, the publication provides an overview of trends in consumers’ purchases and provides granular future forecasts for the UK department store retailing market up to 2021.
Marks and Spencer, Selfridges, Debenhams, House of Fraser, TJ Hughes, Harrods, Harvey, Nichols, Liberty, John Lewis, Fenwick, Fortnum and Mason, Beales are the companies mentioned in this research report.
For more comprehensive research reports elaborated by Verdict Retail follow to its online catalogue.