Abstract
Introduction
UK Retail Futures 2013: Furniture & Floorcoverings combines comprehensive
insight into sector related issues such as how the current economic conditions
are affecting the sector, space contraction and the growing presence of
non-specialists. It combines this with a host of economic, social and
political factors to derive thorough sector forecasts over the next five years.
Scope of this research
- Market expenditure, inflation and volume growth forecast to 2013 as well
as data from the last ten years.
- Comprehensive analysis covering inflation, volume, and sales growth for
nine furniture and floorcoverings sub categories.
- Channels of distribution analysis 2008, 2009 and 2013 covering furniture &
floorcoverings specialists and non-specialists.
- Comprehensive analysis of the key issues set to impact the furniture &
floorcoverings market over the next five years.
Research and analysis highlights
The combination of a stagnating housing market, restricted access to credit
and deteriorating consumer confidence will cause furniture and floorcoverings
to be the worst performing sector in retail in 2009. The current economic
climate has left many customers both unable and unwilling to make these larger
purchases.
We forecast space amongst specialists contracting between 2009 and 2011. Many
independent specialists will not be able to survive the conditions while some
of the larger specialists will scale back its stores, closing loss-making
ones. However, this contraction will lead to improved deals for those still
expanding and improved like-for-likes.
The only sector to achieve positive year-on-year growth throughout the period
will be beds and bedrooms. This is largely due to it being a needs based
product; should it break, customers will look to replace it quicker than other
pieces of furniture. Steady birth rates will ensure cradles contribute a
consistent amount as well.
Key reasons to purchase this research
- Plan for the future using this report to develop strategies that will
enable you to compete effectively against rivals in tougher market conditions.
- Enhance your understanding of key issues, trends, and dynamics in the
market, providing a valuable tool to help steer through turbulent times ahead.
- See how furniture & floorcoverings categories and sales channels are
expected to perform over the next five years.
Table of Contents
OVERVIEW
- About Verdict
- Introduction
- SCOPE
- Methodology
- Principle sources
- DEFINITIONS
- Current Prices
- Constant Prices
- Volume Growth
- Inflation
- Total Growth
- Percentage point difference with Total Retail
- Executive Summary
TABLES
- Table: Principle sources of data and information
FIGURES
- Figure: Verdict forecasting methodology
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