We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Retail Industry in the UK - Essay Example

Comments (1) Cite this document
Summary
In the year 2010, total value of retail sales in the UK were £293 billion. From the trend it can be inferred that the industry is growing with the passage of time. The retail industry in the UK is also one of the biggest sources of employment in the region…
Download full paper
GRAB THE BEST PAPER
Retail Industry in the UK
Read TextPreview

Extract of sample
Retail Industry in the UK

Download file to see previous pages... In the year 2010, the industry was responsible for the creation of additional 12,750 full time jobs and the total number of jobs increased by 2.1% in comparison with the previous year. The total number of people employed by the industry in the year 2010 was 2.9 million which roughly accounts for the 11% of the total workforce in the UK. From this fact, it can be inferred that the retail industry holds a very prominent position in the economy of the UK. From economic activity to employment, the retail industry affects a number of factors in the economy of the UK. In 2010, there were 286,680 retail outlets in the UK and the number has grown in the year 2011. More than a third of the total consumer spending the region goes through shops. Retail industry generates around 5% of the Gross Domestic Product of the UK. Consumers are also taking interest in shopping over internet and the sales over internet account for around 7% of the total retail sales and the number is estimated to grow significantly.

FINDINGS
Retail industry is one of the strongest industries in the UK. The industry has witnessed significant growth in the recent years. Every industry is influenced by certain economic and social factors and in case of retail industry the most important economic factor is inflation. With the rise in inflation, the prices of consumer products also rise. Thus the consumers refrain from buying and the overall retail sales go down. Other social factors that may influence the retail industry may be the prevailing trends in clothing and the weather conditions. Such are the indicators that help the retailers take steps proactively in order to save themselves from any significant impact. The following review of the retail industry in the UK would also focus on the impact of such economic and social factors in the last quarter of the year 2011....
With the rise in inflation, the prices of consumer products also rise. Thus the consumers refrain from buying and the overall retail sales go down. Other social factors that may influence the retail industry may be the prevailing trends in clothing and the weather conditions. Such are the indicators that help the retailers take steps proactively in order to save themselves from any significant impact. The following review of the retail industry in the UK would also focus on the impact of such economic and social factors in the last quarter of the year 2011. REVIEW OF RETAIL INDUSTRY FOR THE LAST QUARTER OF 2011 The start of the last quarter of 2011 was slow for the retail industry in the UK however the sales grew significantly towards the end of the quarter. There were a number of economic and other factors responsible for the trend of sales observed in the last quarter of 2011. One of the most important factors behind this trend of sales volume was Christmas which always impacts the retail industry positively. A boost in the internet sales was also witnessed in this quarter. Following is the month by month review of the retail industry in the UK for the last quarter of 2011. Retail Industry in October 2011 The overall retail sales volume increased by 0.6% in the month of October as compared to the previous month. This increase was higher than what was expected by the economists. The absence of any social factors to cause an increase in the sales volume led the economists to estimate a decline in the sales volume in comparison with the previous month but the sales volume increased. The benefit of this increase in sales was enjoyed mostly by the small retailers while the large stores had to lose their overall sales ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Retail Industry in the UK Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/business/1394640-retail-marketing
(Retail Industry in the UK Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/business/1394640-retail-marketing.
“Retail Industry in the UK Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/business/1394640-retail-marketing.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ha
hansenflossie added comment 4 months ago
Student rated this paper as
At first, I thought 6 of pages is too much for such a topic. But now I see it could not be done better. As the author starts you see the difficulty of the subject. I’ve read all at once. Wonderful paper
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The UK Food Retail Sector
Though the article focuses largely on smaller food companies, this particular resource provides insights into the marketing function for food companies related to positioning, differentiation, and consumer attitudes in the UK. The market power of the suppliers is also described to gain perspective on how supplier power impacts the food sector.
7 Pages(1750 words)Essay
Analysis of the UK Music Retail Industry
Control on copyright and recording places potential limitations on the formal distribution channels, for instance, downloading music online (Burt and Sparks 2003, p74). In other words, formal distribution channels have been affected by recording and copyright controls and laws.
6 Pages(1500 words)Essay
Retail Industry in the UK for the Last Quarter of 2011
Future prospects 3 5. Sector analysis 4 6. Discussion 5 7. Conclusion and Recommendations 6 References 8 Appendices 10 1. Background The UK retail industry employs over three million people and is the largest service industry. It is predicted to increase by 15% in the next five years which is a very low rate of growth compared to the sector’s performance in the past few years.
10 Pages(2500 words)Essay
Business strategy
The retailers businesses have grown from local to international scenes, from hyper stores to small shops. Challenges A spiral of challenges affects the Retail Businesses. As per the national statistics, they range from political, social, economical, cultural, and technological factors.
8 Pages(2000 words)Essay
The Future of Retail Sector in UK

The conclusion from this study states that retailing is now considered as one of the major sector of the national economy than ever before because of its daily interactions, trends to provide jobs & contribution to GDP. From this point of view, this sector employs somewhere 2.8 and 3 million people while many of them are getting part-time facility.

10 Pages(2000 words)Essay
Retail Industry
The paper will also reveal cases and data oriented to this issue to reveal the authenticity and bring out a clear understating of the current situation. Most importantly it will also adjudge the validity of the claims made by both the retailer and lobbyist.
12 Pages(3000 words)Essay
Tesco and the UK Grocery Retail Industry
The economic blueprint of the region is reflective of the current socio-cultural trends that characterize its people. As active consumers of products and clients of services, the market can be provided with the continuous supply of products and services that meets the multifaceted needs and dynamic necessities and specifications of the public.
8 Pages(2000 words)Essay
Comparisons among 5 companies of retailer industry
It will then present the financial analysis of these companies as well as review the share price movements. The report will then provide the concluding statement and present the best company for the investment. The Retail Industry in the United Kingdom has been growing at
12 Pages(3000 words)Essay
Financial analysis ' report' on Dunelm Group plc
The home retailing industry can be divided into several categories, bedding, table linen, window dressings, kitchen and bathroom textiles, and the covers and cushions category. Since 2010, the industry’s value has decreased. Nevertheless, the industry has
2 Pages(500 words)Essay
Fashion Retail in the UK
This assignment will seek to summarize the ideas behind the BCG business strategy. In addition, it will look critically into Zara UK’s strategy model and the benefits it has drawn by implementing the strategies. Large companies always face challenges to allocate effectively their resources amongst its numerous units
4 Pages(1000 words)Essay
Let us find you another Essay on topic Retail Industry in the UK for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us