Article Abstract:
Many high street sports shops in the UK are now beginning to offer a wide range of top branded products, recognizing that fashion clothing and footwear have greater profit potential than sports equipment. This trend has been partly fuelled by the high profile sponsorship deals which have been achieved by leading manufacturers such as Reebok and Nike. Outside the fashion sector, sports retailing in the UK is dominated by small specialist chains and independent outlets. These are often managed by people who have themselves been successful in a sport.
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Article Abstract:
Spending on clothing rose 4.5% in 1995, however retailers launched new season stock at the beginning of 1996 at markedly lower prices, indicating tough competition in the sector. Fashion retailers dominated space expansion during the late 1980s, but suffered due to the recession. Larger space users such as Marks & Spencer and Debenhams have continued expansion, maintaining pressure on the sector.Discount stores thrived during the recession, but now they are seeing falls in profit as they are vulnerable to increasing High Street rents.
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Article Abstract:
In 1996, the UK DIY industry is expected to report sales of 6.6 billion pounds sterling, representing a 5.5% increase in 1995. For the first quarter of 1997, sales are expected to rise 11.3% compared to the same period of 1996, to 1.7 billion pounds; with a full year estimate of 7.1 billion pounds. The industry was affected by the collapse of the housing market in 1989. An overview of activity among the major industry players is included.
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