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Article: Verdict on electrical retail sector.(Brief Article)
- Article from:
- Design Week
- Article date:
- November 12, 1999
- Author:
CopyrightCOPYRIGHT 1999 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A new report by retail research group Verdict says product innovation in the electricals sector, combined with market conditions likely to protect the UK market from foreign entrants, will enable electrical retailers to keep developing creative retail formats.
The report also predicts that over the next five years Dixons will topple Boots from the position of Britain's dominant retailer.
Spending, in volume terms, on electrical products is forecast to grow by almost 45 per cent in the next five years. While prices will continue to fall in the sector, cutting into profits, the net rise in consumer spending is set to be more than 28 per cent over the period ...