Appliances and electronics specialists was the non-grocery retail channel most significantly affected by high inflation, the cost-of-living crisis, and subsequent squeeze on disposable incomes among local consumers in 2022 and 2023. It is only likely to return to positive value growth (at constant 2023 prices) after 2024 as economic conditions begin to ease, although it will have to continue to compete with e-commerce.
In December 2023, EE (Everything Everywhere Ltd), the fifth largest brand in UK appliances and electronics specialists in terms of value share, announced plans to expand its retail presence in the local market over the forecast period. Its CEO, Marc Allera, disclosed that the approach is likely to include opening larger flagship stores, similar to those launched by Samsung and Apple in recent years, as well as offering a streamlined subscription service for customers in an attempt to make EE a “one-stop-shop” for consumers.
Brand visibility and an effective e-commerce positioning are of growing importance to retailers as consumers spend greater time online. This is likely to continue throughout the forecast period and investments in retail media networks and advertising are expected to increase, as appliances and electronics specialists fight for larger share of a channel with limited growth prospects due to increasing competition from e-commerce.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See All of Our DefinitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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