Home / Knowledge / News / Retailers: the space race
Retailers: the space race
Feb '08
UK retailing faces one of its toughest ever years as the sector attempts to come to terms with a dangerous cocktail of intense competition, space saturation, consumer apathy and slowing spend.

According to research from Verdict Consulting, a specialist division of Verdict Research the coincidence of these trends will mean that on a like-for-like basis, retail spend will contract in 2008 causing a significant number of causalities. Neil Saunders, Consulting Director, explains.

Over the past ten years the economic environment has been benign and its impact on retail has been positive. Even so, the retail sector has become increasingly competitive. In large part this has been due to the expansion of retail space which has given consumers more choice in where to shop and has spread consumer spend more thinly between a greater number of retailers and shopping locations.

Since 1998, net of closures, an additional 49m square feet of retail space has come into play. Although this is a substantial amount – the equivalent of well over 1,600 average sized Tesco supermarkets – solid growth rates for consumer spending made such growth economically viable.

However, going into 2008, the amount of retail space due to open shows no sign of abating despite the fact that retail spending is set to slow dramatically. Over 2008, an additional 9m square feet of space (net of closures) will open. While this new space is likely to trade well, it will do so to thedetriment of existing retail space. When the growth of the internet is taken into account, the amount of spend available for existing retail space will actually contract.

Click here to read more details:

Verdict Research

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search