Shopfitting - UK - December 2019

OVERVIEW
What you need to know
Covered in this Report
EXECUTIVE SUMMARY
The market
Appearing mature
Figure 1: The shopfitting market, 2015-19
Figure 2: Retail store openings and closures, H1 2015-19
Figure 3: The role of large businesses in retail, by sector, 2015-19
The food sector
Figure 4: Changes in the number of supermarkets/discount stores, by company, 2018
Figure 5: Changes in the number of convenience stores, by company, 2018
Other retail
Figure 6: Number of bank and building society branch closures, January 2015-August 2019
The prospects
Figure 7: The shopfitting market, 2020-24
Companies and brands
A polarised sector
Some casualties
What we think
ISSUES AND INSIGHTS
Will a digital services tax change the fortunes of retailers?
The facts
The implications
Differentiating by experience
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
The market appears mature
A diverse market and industry
Is the market about to grow?
MARKET SIZE
A seemingly mature market
Figure 8: The shopfitting market, 2015-19
Seemingly cyclical demand
Conflicting signs
MARKET FORECAST
Driven by the retail reaction
Figure 9: The shopfitting market, 2020-24
THE IMPACT OF THE ECONOMY
GDP growth returns in Q3
Figure 10: UK GDP growth rate, 2012 – Q3 2019
Figure 11: GDP growth levels in major EU economies, September 2019 (% annual change)
Business investment and confidence suffering from uncertainty
Figure 12: UK business investment, £ million, Q1 2015 – Q2 2019
Figure 13: ICAEW UK National Business ConfidenceTM index, Q4 2013 – Q4 2019
MARKET TRENDS
Store refurbishment trends
Opportunities from changing store numbers and formats
The changing food sector
Figure 14: Number of supermarkets/discount stores, by company, 2018
Figure 15: Changes in the number of supermarkets/discount stores, by company, 2018
Figure 16: Number of convenience stores, by company, 2018
Figure 17: Changes in the number of convenience stores, by company, 2018
MARKET DRIVERS
The change in retailing
Figure 18: Trends in retail sales, 2014-19
Figure 19: The role of large businesses in retail, by sector, 2015-19
Figure 20: The role of large businesses in non-food retail, by sector 2015 and 2019
Retail structure
Figure 21: Retail company failures, 2007-19
Figure 22: Retail store openings and closures, H1 2015-19
Figure 23: Number of store closures, by sector, H1 2019
Figure 24: Number of store openings, by sector, H1 2019
Shopping centre changes
Retail banking changes
Figure 25: Number of bank and building society branch closures, January 2015-August 2019
New construction
Figure 26: New retail construction activity, 2013-19
The warehousing growth
Figure 27: New warehousing construction activity, 2013-19
COMPANIES AND BRANDS – WHAT YOU NEED TO KNOW
A polarised industry
Diversified interests
Some casualties
INDUSTRY STRUCTURE
Industry development
Figure 28: Development of the shop and office furniture manufacturing sector, 2015-19
Employment structure
Figure 29: Employment structure of the shop & office furniture manufacturing industry, 2019 (Number)
Turnover structure
Figure 30: Turnover structure of the shop & office furniture manufacturing industry, 2019 (Number)
COMPETITIVE STRATEGIES
Diversification
Blue chip clients and framework agreements
Strategic partnership
COMPANY PROFILES
Bowman & Kirkland
Activity
Performance
Figure 31: Financial performance of Bowman & Kirkland, 2014-18 (£ million)
Strategy
RG Carter Holdings
Activity
Performance
Figure 32: Financial performance of RG Carter Holdings, 2014-18 (£ million)
Strategy
ISG Group
Activity
Performance
Figure 33: Turnover segmentation of ISG Group, 2018 (£ million)
Strategy
Overbury
Activity
Performance
Figure 34: Financial performance of Overbury, 2014-18 (£ million)
Strategy
Simons Group
Activity
Performance
Figure 35: Financial performance of Simons Group, 2014-18 (£ million)
Strategy
Styles & Wood Group/Extentia Group
Activity
Performance
Figure 36: Financial performance of Styles & Wood, 2013-18 (£ million)
Strategy
Willmott Dixon Interiors
Activity
Performance
Figure 37: Financial performance of Willmott Dixon Interiors, 2014-18 (£ million)
Strategy
APPENDIX – DATA SOURCES, ABBREVIATIONS AND SUPPORTING INFORMATION
Abbreviations
Methodology
FURTHER SOURCES AND CONTACTS
Trade associations
Trade magazines