The Retail Roller-Coaster: Message From the High Street

Richard Hyman

The introduction to this article refers to the decline in share of GDP of retailing over the past two decades and believes this is due to competition from such areas as luxuries, holidays, eating out etc.

The Retail Roller-Coaster: Message From The High Street

Richard HymanVerdict Research Ltd

Not so long ago we produced a report called TheRetail Roller-Coaster, which detailed the amazing ebbs and flows of the retail market over the last nine months or so. However, this story starts with the fact that British retail spend has taken a declining share of GDP over the last two decades. In 1980, retail spending had a share of 46.6% of GDP; today that share has roughly halved. This declining share represents a very significant trend and is a main theme of this...

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