英國郊外型零售業：2009年

英國郊外型零售業：2009年 是由出版商Datamonitor在2009年09月所出版的。 這份英文市場調查報告書包含223 pages 價格從美金3450起跳。

目錄

Abstract

Introduction

This report examines the latest developments in out-of-town retail. It details out-of-town market sizes and trends, with five year forecasts, profiles key retailers in the sector and provides comprehensive analysis of the key issues.

Scope of this research

• Analysis of the out-of-town market and the major out-of-town retail sectors and key players.
• Insight into the key retail issues currently influencing the UK out-of-town sector.
• A comparison of the leading 12 UK out-of-town retailers' performance.
• A five year out-of-town market value and growth forecast including detailed analysis and future outlook.

Research and analysis highlights

Out-of-town as a location is set to grow its share of total retail spend over the next five years. As the recession has taken hold, the high proportion of non-discretionary food and general merchandise stores out-of-town has seen it perform resiliently compared to more discretionary and wants spend orientated town centres.

The big four grocers continue to extend their dominance of the location, with the grocery sector as a whole accounting for 70.9% of all out-of-town sales in 2009. Food & grocery was easily the fastest growing sector in both 2008 and 2009, boosted substantially by food price inflation and the grocers further expanding their non-food operations.

Casualties and the slowing store expansion of the major players out-of-town are creating opportunities for others, with spiralling vacancy rates pressurising landlords into offering attractive deals on properties. These new and expanding players will help revive the market.

Key reasons to purchase this research

• Identify the impact the recession and deterioration of home-related sectors are having on out-of-town retailing.
• Gauge how out-of-town is performing compared with other locations: Is space performing better out-of-town? Are margins better out-of-town?
• Is out-of-town a profitable location? Will locating there help increase market share? Help your business? What are the possible risks/rewards?

Table of Contents

EXECUTIVE SUMMARY

• Key findings
• Main conclusions
  • (Untitled sub-section)

• Out-of-town summary

RETAIL ISSUES

• Key messages
• Polarisation of space
  • New OOT players demand prime locations as secondary ones stagnate

• Risks for discretionary retailers
  • Discretionary retailers will always struggle out-of-town

• Recovery of home-related sectors
  • Eventual revival in housing should boost secondary locations

• Up and coming players
  • To drive market growth and reinvigorate competition

• Capitalising on success of grocers
  • Robust footfall on offer in retail parks anchored by grocers

• Factory outlet centres continue to excel
  • Discounting strikes chord with consumers and retailers alike

STRATEGIES FOR SUCCESS

• Retailers need to react to recession-hit market
• Landlords must be proactive as vacancies reach high levels

OUT OF TOWN VS OTHER LOCATIONS

• Robust footfall driven by a resilient tenant mix makes OOT a relatively safe place
• Retail sales by location
  • Neighbourhood performs best but out-of-town holds its own

• Retail spend by location
  • Grocers and niche specialists keep out-of-town growing

• Sales and sources of growth
  • Food price upward spiral drives inflation

• Out-of-town retail sales
  • Online growth via OOT retailers outweighs plummeting trade sales

• Space by location
  • Collapse of big players partly offset

• Store numbers by location
  • Declining for first time but more resilient than other channels

• Forecast
  • OOT a good bet due to grocers, online and inevitable recovery in home

MAJOR PLAYERS OOT: WINNERS & LOSERS

• Few major non-food retailers are on the up
• OOT sales - majors breakdown
  • Home-related retailers struggle

• Total sales
  • Grocers extend dominance

• Operating profits
  • Matalan only non-food retailer to grow profits

• Operating margins
  • Widespread deterioration

• Space
  • The trend of the past five years has been towards larger stores

• Store numbers
  • Expansion of major players slows

• Advertising
  • Expenditure increases as retailers attempt to stimulate consumer spend

SPACE PERFORMANCE

• Changing mix of retailer and space consolidation to boost density
• Sales densities by location
  • Struggling home-related sectors subdue out-of-town density growth

• Sales densities by retailer
  • Grocers continue to benefit from their ability to convert high footfalls

• Sales densities by sector
  • Electricals to benefit from space consolidation as DIY underperforms

• Space performance for food vs non-food
  • Non-food set to be boosted by new entrants to the out-of-town market

SECTOR SUMMARIES AND FORECASTS

• Out-of-town will grow share of retail but faces tough times
• OOT sales - sector breakdown
  • Grocers, fashion retailers and general merchandisers grow share

• Forecast consumer spending OOT for each sector
  • Out-of-town to grow share of food, furniture and electricals spends

• Forecast sales for each sector
  • But all sectors face a tough five years

• OOT space - sector breakdown
  • DIY and furniture space in long term decline

• Forecast space for each sector
  • Massive decline in non-food space

• OOT store numbers - sector breakdown
  • General merchandise on course to have largest number of stores

• Forecast store numbers for each sector
  • Home-related sectors drive decline

• Out-of-town store size by sector
  • DIY store sizes have grown substantially

CLOTHING & FOOTWEAR

• Clothing and footwear specialists capitalise on weak property market
  • (Untitled sub-section)

• Sales
  • Set to decline in 2009, but OOT still outperforms

• Stores
  • Expansion plans scaled back significantly

• Space
  • Lowest rate of space expansion since Verdict' s records began

• Sales density
  • Reflects declines in consumer demand and out-of-town footfall

• Key players
  • Traditional out-of-town specialists benefit from value positioning
  • Matalan benefits from investment
  • Frugal consumers boost sales at TK Maxx
  • Marks & Spencer reduces capital expenditure
  • New Look continues expansion
  • Next capitalises on weak property market
  • Other clothing specialists
  • Footwear specialists

DIY

• Leaner sector as stronger players rightsize and capacity reduces
  • (Untitled sub-section)

• Sales
  • Out-of-town continues to outperform despite significant deterioration

• Stores
  • Rate of store closures limited by consolidated nature of DIY retail

• Space
  • Specialists rightsize as expansion plans are scaled back significantly

• Sales density
  • Declining consumer demand and overcapacity erode density

• Market shares
  • B&Q gains market share in 2009 as Focus struggles

• Key players
  • Wickes flourishes at expense of Focus
  • Wickes ideally positioned to capitalise on reduced capacity
  • B&Q aims to consolidate market leading position
  • Homebase cuts back space expansion signficantly
  • Focus faces uncertain future

ELECTRICALS

• Out-of-town stores face major challenges
  • (Untitled sub-section)

• Sales
  • Relatively robust in 2008 but now exposed to big-ticket slowdown

• Stores
  • Unprecendented decline but less exposed than high street

• Space
  • Years of expansion to come to abrupt halt

• Sales density
  • Falling despite retailer consolidation

• Market shares
  • Grocers continue to gain at expense of specialists

• Key players
  • New arrivals set to take market by storm
  • Best Buy' s excellent service reputation means it has potential
  • John Lewis core strengths will see it do well
  • Comet cuts costs and waits for market recovery
  • Game Group explores new avenues but should avoid overexpansion
  • Argos under pressure from grocers
  • DSGi has a lot of work to reinvent itself

FOOD & GROCERY

• Props up OOT but neighbourhood is future for food & grocery growth
  • (Untitled sub-section)

• Sales
  • Inflation keeps growth high but momentum swings to convenience

• Stores
  • Proportion of store numbers out-of-town starts to plateau

• Space
  • Grocers aggressive out-of-town space expansion continues

• Sales density
  • Increasing non-food exposure sees densities declining

• Market shares
  • Big Four increase dominance

• Key players
  • Asda retains biggest out-of-town focus
  • Asda continues to be frustrated by out-of-town planning restrictions
  • Morrison nears nationwide coverage
  • Sainsbury targets non-food and convenience
  • Tesco approaches saturation out-of-town

FURNITURE & FLOORCOVERINGS

• Non-specialists to move in out-of-town where specialists depart
  • (Untitled sub-section)

• Sales
  • Dire economic conditions have a significant impact

• Stores
  • Decline in 2009 will be the worst since Verdict' s records began

• Space
  • Weak trading conditions and overcapacity to drive decline in space

• Sales density
  • Specialists downsize as sales densities decline for second year in a row

• Market shares
  • Non-specialists gain market share at expense of struggling specialists

• Key players
  • Key players benefit from consolidation as John Lewis enters OOT arena
  • Carpetright ramps up space expansion as Allied exits market
  • DFS ideally placed to take advantage of capacity exiting market
  • Dreams benefits from comparative resilience of beds
  • John Lewis to be a significant out-of-town player
  • Argos increasingly under threat from grocers
  • IKEA pushes ahead with town centre format
  • Homestyle consolidates store portfolio
  • ScS considers disposal of loss-making stores under new ownership
  • Sector casualties

GENERAL MERCHANDISE

• Retailers with offers meeting niche needs will drive growth
  • (Untitled sub-section)

• Sales
  • Remarkably resilient despite slowing growth

• Stores
  • Opportunistic retailers maintain growth

• Space
  • Robust growth despite casualties

• Sales density
  • Most stable non-food sector

• Key players
  • Specialists meeting niche needs move into limelight
  • Dunelm offer well targeted to foster extensive growth
  • Halfords should not be overly cautious
  • Niche operator Hobbycraft has excellent opportunities to expand OOT
  • John Lewis will rely more on electricals to drive footfall OOT
  • Mothercare continues shift out-of-town with great success
  • Pets at Home shows no signs of slowing down
  • Sports Direct shifts huge volumes
  • Toys R Us flotation could trigger renewed expansion out-of-town
  • Alliance Boots not well suited to large out-of-town stores
  • Argos needs to avoid direct competition with grocers
  • Borders faces uncertain future
  • JJB Sports needs to focus on sports equipment

GLOSSARY

• Terminology
• Abbreviations

TABLES

• Table: Out-of-town sales, space and stores 1998, 2003, 2008 and 2013e
• Table: Out-of-town retailers strategies for success 2009
• Table: Out-of-town landlords strategies for success 2009
• Table: Retail location definitions 2009
• Table: Retail spending by location at current prices 1998-2009e
• Table: Sales through out-of-town retailers 1998-2009e
• Table: Sources of growth for out-of-town retailers 1998-2009e
• Table: Out-of-town retail sales at current prices 1998-2009e
• Table: Floorspace out-of-town vs all stores 1997-2007
• Table: Store numbers by location 1998-2009e
• Table: Retail sales out-of-town vs total retail spending 1998-2013
• Table: Key retailers estimated share of out-of-town sales 2003-2008
• Table: Key out-of-town retailers total UK retail turnover record 2003-2008
• Table: Key out-of-town retailers operating profits 2003-2008
• Table: Key out-of-town retailers operating margins 2003-2008
• Table: Key out-of-town retailers total selling space (000sq ft) 2003-2008
• Table: Key out-of-town retailers total store numbers 2003-2008
• Table: Top 10 out-of-town retailers by advertising expenditure 2008
• Table: Sales densities by location at current prices 1998-2009e
• Table: Key out-of-town retailers overall sales densities 2003-2009e
• Table: Superstore/out-of-town sales densities by sector 1998-2013e
• Table: Sector spend out-of-town % of each sector total 1998-2013
• Table: Out-of-town sales by sector 1998-2013
• Table: Superstore/out-of-town selling space by sector 1998-2013
• Table: Superstore/out-of-town numbers by sector 1998-2013
• Table: Clothing & footwear specialists OOT sales values 1998-2009e
• Table: Clothing & footwear specialists OOT store numbers 1998-2009e
• Table: Clothing & footwear specialists out-of-town space 1998-2009e
• Table: Clothing & footwear specialists OOT sales density 1998-2009e
• Table: DIY/hardware specialists out-of-town sales values 1998-2009e
• Table: DIY/hardware specialists out-of-town store numbers 1998-2009e
• Table: DIY/hardware specialists out-of-town space 1998-2009e
• Table: DIY/hardware specialists OOT sales densities 1998-2009e
• Table: Leading retailers market share of DIY & garden spend 03-09e
• Table: Electricals specialists out-of-town sales values 1998-2009e
• Table: Electricals specialists out-of-town store numbers 1998-2009e
• Table: Electricals specialists out-of-town space 1998-2009e
• Table: Electricals specialists out-of-town sales densities 1998-2009e
• Table: Electricals market share trends 2003-2009e
• Table: Food & grocery specialists out-of-town sales values 1998-2009e
• Table: Food & grocery specialists OOT store numbers 1998-2009e
• Table: Food & grocery specialists out-of-town space 1998-2009e
• Table: Food & grocery specialists OOT sales densities 1998-2009e
• Table: Grocery market share trends 2003-2009e
• Table: Asda store portfolio at June 2009
• Table: Morrison store portfolio at February 2009
• Table: Sainsbury store portfolio at March 2009
• Table: Tesco store portfolio at February 2009
• Table: Furniture & floorcoverings specialists OOT sales 1998-2009e
• Table: Furniture and floorcoverings OOT store numbers 1998-2009e
• Table: Furniture & floorcoverings specialists OOT space 1998-2009e
• Table: Furniture & f' coverings specialists OOT sales density 1998-09e
• Table: Major furniture retailers market shares 2003-2009e
• Table: Floorcoverings retailers market shares 2003-2009e
• Table: General merchandise retailers OOT sales values 1998-2009e
• Table: General merchandise retailers OOT store numbers 1998-2009e
• Table: General merchandise retailers out-of-town space 1998-2009e
• Table: General merchandise OOT sales densities 1998-2009e

FIGURES

• Figure: Key issues for out-of-town retailing 2009
• Figure: How the makeup of primary retail parks is changing 2009
• Figure: Dealing with secondary out-of-town retail space 2009
• Figure: Needs-driven and niche offers drive higher OOT footfall 2009
• Figure: Retail experiences of out-of-town footfall 2009
• Figure: Furniture & f' coverings vs housing transactions 2006 Q3-2009 Q2
• Figure: OOT non-food retailing supply and demand trends 2004-2013
• Figure: Non-food retailers can attract footfall from grocers 2009
• Figure: Advantages of factory outlet centres over town centres and retail parks 2009
• Figure: Growth of retail sales by location 1998-2009e
• Figure: Growth of retail space by location 1998-2009e
• Figure: Growth of retail store numbers by location 1998-2009e
• Figure: Retail spending by location 2008 and 2013e
• Figure: O ut-of-town spending growth vs retail overall 1998-2013
• Figure: Each key retailer - OOT vs overall sales growth 2008
• Figure: Positive, neutral or negative - OOT players prospects 2009
• Figure: Key out-of-town retailers total sales growth 2008 on 2003
• Figure: Key out-of-town retailers total sales growth 2008 on 2007
• Figure: Total space growth of key OOT retailers 2008 on 2003
• Figure: Total space growth of key OOT retailers 2008 on 2007
• Figure: Change % in key out-of-town retailers store numbers 2008 on 2003
• Figure: Change % in key out-of-town retailers store numbers 2008 on 2007
• Figure: Sales densities by location 1998-2009e
• Figure: Change in sales density of key OOT retailers 2009e on 2003
• Figure: Change in sales density of key OOT retailers 2009e on 2008
• Figure: Change in sales density by sector 2013e on 2008
• Figure: Food vs non-food sales 2003-2013e
• Figure: Food vs non-food space 2003-2013e
• Figure: Food vs non-food sales densities 2003-2013e
• Figure: % share of superstore/OOT sales by sector 1998, 2003 & 2008
• Figure: Out-of-town sector sales growth 2003 to 2008 and 2008 to 2013
• Figure: % share of superstore/OOT space by sector 1998, 2003 & 2008
• Figure: New out-of-town space 1998-2008 and forecast to 2013
• Figure: % share of superstore/OOT store nos by sector 1998, 2003 & 08
• Figure: Change % in superstore/OOT nos 1998-2008 and fcast to 2013
• Figure: Average out-of-town store size 1998, 2003 & 2008
• Figure: Clothing & footwear out-of-town sales growth against clothing & footwear sales growth in other locations and OOT sales growth in other sectors 2004-2009e
• Figure: Clothing & footwear out-of-town space growth against clothing & footwear space growth in other locations and OOT space growth in other sectors 2004-2009e
• Figure: Positive, neutral or negative - key clothing & footwear OOT players prospects 2009
• Figure: DIY out-of-town sales growth against DIY sales growth in other locations and OOT sales growth in other sectors 2004-2009e
• Figure: DIY out-of-town space growth against DIY space growth in other locations and OOT space growth in other sectors 2004-2009e
• Figure: DIY & gardening retailers market share growth 2009e on 2003
• Figure: Positive, neutral or negative - key DIY out-of-town players prospects 2009
• Figure: Electricals out-of-town sales growth against electricals sales growth in other locations and OOT sales growth in other sectors 2004-2009e
• Figure: Electricals out-of-town space growth against electricals space growth in other locations and OOT space growth in other sectors 2004-2009e
• Figure: Major electricals retailers market share growth 2009e on 2003
• Figure: Positive, neutral or negative - key electricals OOT players prospects 2009
• Figure: Food & Grocery out-of-town sales growth against Food & Grocery sales growth in other locations and OOT sales growth in other sectors 2004-2009e
• Figure: Food & Grocery out-of-town space growth against Food & Grocery space growth in other locations and OOT space growth in other sectors 2004-2009e
• Figure: Big Four grocers market share growth 2009e on 2003
• Figure: Positive, neutral or negative - key food & grocery OOT players prospects 2009
• Figure: Furniture & Floorcoverings out-of-town sales growth against Furniture & Floorcoverings sales growth in other locations and OOT sales growth in other sectors 2004-2009e
• Figure: Furniture & Floorcoverings out-of-town space growth against Furniture & Floorcoverings space growth in other locations and OOT space growth in other sectors 2004-2009e
• Figure: Major furniture retailers market share growth 2009e on 2003
• Figure: F loorcoverings retailers market share growth 2009e on 2003
• Figure: Positive, neutral or negative - key furniture & floorcoverings OOT players prospects 2009
• Figure: General merchandise out-of-town sales growth against General merchandise sales growth in other locations and OOT sales growth in other sectors 2004-2009e
• Figure: General merchandise out-of-town space growth against General merchandise space growth in other locations and OOT space growth in other sectors 2004-2009e
• Figure: Positive, neutral or negative - key general merchandise OOT players prospects 2009

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