|
The Impact of the Credit Crunch on European RetailPublished by: Verdict Research Ltd Published: Feb. 18, 2009 - 67 Pages Table of Contents
AbstractIntroductionVerdict Research: The impact of the credit crunch on European retail analyses the state of the retail market across 27 EU member states, focusing on Grocery, DIY and Electricals. The brief explores the dynamics, growth trends and Christmas trading in France, Germany, Spain, the UK and CEE. The research also provides strategic recommendations for retailers. Scope
The EU is entering an age of frugality. Most consumers in the EU have reached the peak of private indebtedness. Unemployment rates are rising, consumer confidence is dipping and consumer credit becomes increasingly hard to find. Less debt financed consumption has the consequence of the EU now entering a phase of contracting economic activity. Consumers will become increasingly cautious about outgoings and will think twice about where and on what they spend their money. In such an environment, retailers focused on lower price and better value products are likely to prosper. Those slow to react and adapt to changing consumer demand will struggle in the new era of frugality. Retailers should now exploit weak currencies if possible for sourcing as well as expansion. Indeed volatile currency fluctuations could become one of the most important things to watch going forward and hedging will move into even sharper focus. Moreover domestically all retailers should look at ramping up and improving their private label offer. Reasons to Purchase
Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||