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DUBLIN -- Larger-format food stores are experiencing the fastest growth of all retailing formats in the UK, according to a new report published by research firm Research and Markets titled.
The report, "Food Retailing in the UK -- Detailed Examination of Supermarket and Convenience Stores," cites research showing that 48 percent of all items purchased in UK food stores are bought at sites that have a minimum area of 25,000 square feet, and are located outside of metropolitan areas. Of this 48 percent, however, 24 percent of product is bought in stores sized more than 40,000 square feet.
Such stores today sell a great variety of dry groceries, fresh foods, and non-food merchandise ranging from health and personal care products to clothing and footwear, as well as home and leisure goods. In a market worth $125 billion, groceries make up $72 billion; fresh foods accounts for $42 billion, and non-food products tally reaches $13 billion.
The report analyzes factors that influence the UK supermarket industry (including both food and non-food sectors), analyzes its competitive environment, and forecasts its future.