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Trends In Retail Industry PDF

Added on - 23 Nov 2020

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Inquiry Based ReportTrends In Retail Industry
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Retail trends in United Stated (UK).............................................................................................1Analysis of Zara...........................................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONRetail refers to the activity of selling goods and services to the customers through variousintermediaries. It has its ownindustrywhich is on 5thposition. It hasvarious companies that arerunning its business.Report will highlight the retail industry & its trends in UK, Zara's retailing& its trends and recommend and action plan of Zara.MAIN BODYRetail trends inUnited Kingdom (UK)In UK, retail industry has vast area with the largest industryto provide higheremployment opportunities.With more than 3 million workers, this industry is earningincreasingly profits. In year 2017, the total value of UK retail sales was around£395Billion. Italso increased its growth in 2017 by 4.3%. There are around 319000 retail business in year 2018in UK. There are top 10 UK retailers whose sales is high in year 2017-2018 -COMPANYSALESTesco£38.7 bnSainsbury's£27.9bnAsda£22.2 bnMorrison's£17.3 bnJohn Lewis£10.2 bnAldi£10.0 bnMarks & Spencer£9.6 bnCo-operative£9.5 bnAmazon£8.8 bnBoots£6.8 bn(UK RETAIL STATS & FACTS,2019)Here, a list is shown below in which annual revenues of Total UK retail company in 2017are as follows -CompanyRevenue in %Tesco12.50%Sainsbury's6.8%Asda6.60%Morrison's4.40%Amazon4.20%1
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