The UK Apparel Retailer Industry - Research Paper Example

The paper "The UK Apparel Retailer Industry" is a perfect example of a finance and accounting research paper. Global apparel sector estimates are considerably promising despite uncertain economic and political global scenario. Among many global national apparel industries, the UK is highly reputed in the sector and considered as the trends setter industry all over the world. The huge size of the UK apparel industry embeds thigh rivalry and growth elements. Considering the worth of said industry and compliance with the subject of interest, the UK apparel industry is chosen to perform a competitive analysis of leading players.

For this purpose, three leading players including JD Sports, Sports Direct and Next plc are chosen as case companies. Macro environmental scan implies many of the positive aspects for the industry growth in the country. Politically peaceful region of the world is now recovering from the economic shock of 2008 and many economic indicators are now positively growing. Secondly, preferences and young population growth are other favourable measures. However, the competitive pressures on the industry are higher due to many governmental policies of supporting FDIs and investment in the business.

Financial analysis of all three companies allowed the author to develop a comparative map of the industry. It was found that Next plc possess the most consistent performance patterns in the last five years. During analysis, it is revealed that Sport directs is facing the problem of higher turnover of employees due to questionable management practices. Finally, a comparative study strengthened the position of Next Plc as a strong player in the industry and the paper is concluded with specific recommendations for each company.

The paper presented below is bagged with the research of competitive scenario and performance indicators of the UK apparel retailer industry. The underlying section is employed to present the background and objectives of the paper. 1.1. Research backgroundAccording to Global business browser (2014a), the global apparel industry is forecasted to grow with a 4.1% per annum growth rate. Whilst, among many of the EU countries, the UK is considered as the most growing apparel industry(i2i, 2014).