SnapShop Retailer Directory Search

You are here: Home | Blog | Retail Update - January 2018

SnapShop Blog

Retail Update - January 2018

 

Posted At: 22 January 2018 10:22 AM
Related Categories: Retail, Retail Statistics, Retailers

 

So Christmas has been and gone, delivering a mixed bag of results across the retail sector as evidenced in our Christmas Sales report, and highlighting those retailers that are teetering on the edge.

It’s not all doom and gloom, however.

2017 saw the UK entertainment retail market sales hit record highs in 2017 outpacing the wider UK economy by more than four-fold. According to the latest figures from the Entertainment Retailers Association (ERA), which combines music, film and video games, sales grew 8.8% to £7.24 billion last year, marking the fifth successive year of growth. This “historic” growth is down to the growing presence of digital services like Spotify and Amazon, accounting for more than 70% of entertainment sales values during the year.

The coffee shop market also had a good 2017. Store openings contributed to 7.3% hike in turnover to £9.6bn across the category in 2018 according to Allegra World Coffee Portal in its Project Café 2018 UK study. Over the year, 1,215 openings took the total number of stores to 24,061. Branded chains accounted for 10.5% of the sales growth, with combined revenue of £4bn. Costa, Starbucks and Caffe Nero continue to dominate the market, and together make up 52.9% of the total branded chain market.

So what does 2018 hold?

With December seeing falling retail sales as a result of Black Friday bringing Christmas sales forward, footfall decreasing during the month and consumer confidence dropping by one point, 2018 could, perhaps, see the retail market get worse before it gets better. Retailers are going to have to innovate and make the latest advances in technology work for them to entice shoppers to part with their cash and visit their shops, rather than shopping solely online; and landlords are going to have to get their tenant mix right to ensure they are catering for the needs of their local shoppers and visitors alike.

FSP can help with location strategies and tenant mix strategies. Contact us to find out how.
 

Comments Comments (0) Twitter Twitter


Comments...

There are no comments for this entry.



Add a Comment:

Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.

 
Name *
Email Address *  
Website
Comments *
 
 
 
The opinions expressed herein are the personal opinion of the author and are not intended as statements of fact and do not represent the view of SnapShop or Pragma in any way.

Subscribe

Enter your email address below
to receive SnapShop blogs
straight to your inbox.
 

Blog Roll:

Hurlbut & Associates
Insight-Driven Retail Blog
James Hall, Telegraph
Marketing Cloud Blog
Retail Consultancy Blog
Retail Contrarian
Retail Technology Blog
Retail Week Comment
Spotlight on German Retail

Archives By Category:

Administrations (71)
And Finally (22)
Christmas (5)
Co-operative Retail (1)
Environmental (6)
E-tailing (13)
Finance & Investment Management (3)
FSP News (4)
Future of Retailing (24)
General (63)
Jane Norman (1)
Media (4)
Retail (134)
Retail Marketing (3)
Retail Property (12)
Retail Statistics (40)
Retail Suppliers (8)
Retailer At Risk (6)
Retailers (189)
SnapShop Developments (3)
Social Commentary (34)
Store Closures (22)
Town & Shopping Centre Management (14)
Womenswear Retailer (3)

Recent Entries:

Retail Update - November 2018
Retailer View - Benito's Hat
Retail Update - October 2018
Retail Update - September 2018
Retailer Spotlight - everyone needs a place to Lounge

Recent Comments:

Retail Spotlight – The changing face of leisure
Really interesting sector changes you've highlighted. We have also noticed a sharp rise in the 24 ho... more
Cost of Cash Set to Rise
We have seen growing investment amongst retail clients wanting to get ahead of this trend. it will ... more
And Finally - Surreal
Does my app look big in this, hehe, got to try the Ann Summe... more
Who's next?
Thanks Dave. Sports Direct International has very strong leadership and its accounts have been recor... more
Who's next?
Interesting stuff, it doesn't look like long before they will go under. Any ideas on why sports dire... more
Twitter LinkedIn
Privacy PolicyTerms of Use

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×