Discount retail sector to grow in the UK predicts GlobalData - Licensing.biz

Discount retail sector to grow in the UK predicts GlobalData

The leader in business analytics has predicted a 36.1 per cent growth, reaching a total value of £32.5bn by 2022.
Author:
Publish date:
Screen Shot 2017-09-04 at 15.05.32.png

GlobalData, recognized leader in providing business information and analytics, has predicted UK Discount Retail market is set to grow by 36.1 per cent reaching a total value of £32.5bn by 2022.

The data group reports that due to inflation, consumers are looking to squeeze more value out of their disposable income and are turning increasingly to budget retailers like B&M Bargains and Aldi, allowing them to gain an extra £9bn slice of the total retail market over the next few years.

“Our report findings confirm that discounters have done an exceptional job in gaining market share of frequently purchased items by changing the perception of discounter own label products in F&G while at the same time undercutting mainstream retailers on branded items in H&B and household," said Molly Johnson-Jones, senior food & grocery analyst from GlobalData Retail. 

"This combined approach has proven to be very disruptive in the market and has contributed to their success.’’

89.4 per cent of the UK population have shopped at a discounter in the last 12 months, while Aldi, Lidl and B&M dominate the discount space with a combined market share of over 70 per cent.

Johnson-Jones added: “The discounters have expanded their range in the DIY & gardening market at a time when consumers are seeking reduced cost solutions for doing up their homes and gardens – B&M will particularly outperform in this area as it adds garden centres to its retail estate over the next few years.”

Related

Featured Jobs

Warner Bros Logo 620 x 349

Senior Category Manager.

Warner Bros. Entertainment Inc. is the entertainment arm of the world's leading communications company, Time Warner. Warner Bros. Entertainment Inc. comprises numerous divisions including Television, Home Video, Theatrical, On-line and Consumer Products.

Roaddahl_job_logo_final

JUNIOR GRAPHIC DESIGNER

Roald Dahl | Marylebone, London | Salary Dependent on experience | Contract 6-month FTC | 5-day week, Monday to Friday | Start ASAP

Endemol_new_job_logo

Senior Product Development Designer

Endemol Shine Group is a global content creator, producer and distributor with a portfolio of international hits including Big Brother, Black Mirror, Deal or No Deal, Humans, Hunted, MasterChef, Mr. Bean, The Biggest Loser, The Island, Spelling Star, Your Face Sounds Familiar and many more. Endemol Shine Group’s businesses have creative operations in over 30 markets, with a diverse portfolio of over 600 revenue generating formats across scripted and non-scripted genres, alongside digital, gaming, and distribution operations.