Average Monthly Wages have increased by 47% in five years resulting in growth of the UK Retail Industry. Further growth expected.
August 23, 2006 (Press Release) --
Over the years, United Kingdom has witnessed sustained economic development. The Average Monthly Wages have increased by almost 47% in the last five years. A further increase by 4.6% (CAGR) is expected in the coming four years.
The growth in the income has greatly increased people’s purchasing power. There is an overall willingness to pay more in order to get the best items. This has greatly influenced the UK food retailing market.
Another factor responsible for this growth is the fact that the number of cars in the country has risen. This has brought the UK Supermarkets within easy reach of more sections of the community.
According to “UK Food Retailing Market Forecast (2005-2010)”, a market research report by RNCOS, the growth in the number of households is an important factor in the growth of the UK retail market. The past five years have seen a growth of 4.2% in the number of households. The next four years are expected to see a further growth of 1.8% (CAGR).
Opportunity in UK food retailing market: At the end of year 2005, grocery sales in UK touched 120.3 million GBP. Convenience stores sales were 24.5 billion GBP. On the other hand, traditional retailing got only 8% of the total sales.
The report provides the latest and detailed information on the following points:
• The Emerging Global Retail Markets of the World
• The past & current status of UK retail market
• The key role of convenience markets in future growth of the retail markets
• The success factors and sensitivities of the UK Retail Market
• Positioning of different companies in the UK Retail Market
“UK Food Retailing Market Forecast (2005-2010)” a detailed report on the UK food retail market, is an important tool in the hands of Investors, Business Analysts and Consultants and people who want to know more about UK Convenience Stores and UK Supermarkets.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
To purchase your copy: http://www.rncos.com/Report/IM051.htm
For more information about the report please visit www.rncos.com
The growth in the income has greatly increased people’s purchasing power. There is an overall willingness to pay more in order to get the best items. This has greatly influenced the UK food retailing market.
Another factor responsible for this growth is the fact that the number of cars in the country has risen. This has brought the UK Supermarkets within easy reach of more sections of the community.
According to “UK Food Retailing Market Forecast (2005-2010)”, a market research report by RNCOS, the growth in the number of households is an important factor in the growth of the UK retail market. The past five years have seen a growth of 4.2% in the number of households. The next four years are expected to see a further growth of 1.8% (CAGR).
Opportunity in UK food retailing market: At the end of year 2005, grocery sales in UK touched 120.3 million GBP. Convenience stores sales were 24.5 billion GBP. On the other hand, traditional retailing got only 8% of the total sales.
The report provides the latest and detailed information on the following points:
• The Emerging Global Retail Markets of the World
• The past & current status of UK retail market
• The key role of convenience markets in future growth of the retail markets
• The success factors and sensitivities of the UK Retail Market
• Positioning of different companies in the UK Retail Market
“UK Food Retailing Market Forecast (2005-2010)” a detailed report on the UK food retail market, is an important tool in the hands of Investors, Business Analysts and Consultants and people who want to know more about UK Convenience Stores and UK Supermarkets.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
To purchase your copy: http://www.rncos.com/Report/IM051.htm
For more information about the report please visit www.rncos.com
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