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Contemporary Business Issues *
Contemporary Business Issues (#13800)
The effect of supermarkets on independent retailers *
Fewer number of stores Increased supermarket shares Improvements in technology Growth in retail brands (#13804)
changes in shopping habits º
This includes consumers at the lower social economic levels, this change is recognised through better homes and more money per head of household (#14078)
Fewer Independent Stores *º
33% of villages no longer have a village shop meaning that resident have to travel to the nearest town to buy basic goods. (#13899)
Growth in Retail Branding º
The growth in retail own branding has helped the supermarkets become more competitive, as they have created their own brand identity. (#13902)
Increasing Supermarket Power *º
Market dominance though factors including, large product range, and additional services such as petrol station&cash points (#13900)
Technology Advancements
Rise in the ownership of domestic appliances means that people can now purchase products in bulk, therefore meaning they can do a ‘one stop shop’ which will satisfy needs for a week. (#13901)
what have the changes done to the market place? º
This is further evidence that independents stores are being pushed out of the market due to the death of town centres from the knock on effects of out of town supermarkets. (#14083)
market trends and changes º
In 2005 the overall grocery retail market was worth 120 billion pounds, with the supermarkets contributing an 88 billion pound input into this. (#14081)
how have the changes affected the UK population? *º
It is harder for the less mobile to access a suitable food supply therefore resulting in a poor diet in many cases. (#14079)