| KN52012 |
| KEY NOTE Shopfitting : June 2002 |
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This report covers: Food & Non-Food Retailers, Large & Small Retailers, Leading Retailers, Impact of the internet, Leisure & Retailing, Retail Market Strategy, Corporate Developments, Global Overview, North America, Europe,
Companies covered include: AMS Group, Charles Barrett Interiors, Eden Industries, GWS Group, Havelock Europa, Morris & Spottiswood, Pel, Sloane Group, Store Development Group, Styles & Wood, Timber Tailors, Withey Contracts,
EXECUTIVE SUMMARY
This report analyses the UK shopfitting market, which in 2001 was estimated to be worth £1.77bn.
The report covers standard and bespoke shopfitting products. Background statistics are given on commercial construction output and new orders. In 2000, private commercial construction output was £12.6bn and new orders were £9.7bn. These figures cover a range of commercial work and are of interest to shopfitters because of the work they carry out in non-retail premises, such as financial institutions, museums, leisure centres, etc. New orders for private sector shops in 2000 were worth £1.9bn, the same as the previous year. Data are provided on retail sales, in terms of weekly sales and index growth.
Structurally, the industry is undergoing a period of consolidation, with takeovers still taking place. Profiles are given of leading players in the shopfitting market, including Havelock Europa, Morris & Spottiswood, Pel, Sloane Group, Styles & Wood and Withey Contracts.
In the Buying Behaviour section of the report, the retail sector is divided into food versus non-food sectors. The food sector accounts for 69 percent of total sales and 31 percent non-food. Analysis is also given for large versus small store sales. The Current Issues section discusses the effect of the Internet on shopping, Part III of the Disability Discrimination Act and its 2004 target, the influence of leisure on retailing and the changing structure of the retail market. Corporate changes and trends are also discussed, pointing out a trend towards a greater involvement in shopfitting of companies with construction industry experience.
In view of the current uncertainties in the global economic and political scene, Key Note has made a cautious forecast for growth in the shopfitting market. By 2006, the market is forecast to reach £2.08bn, representing growth of 17.5 percent from 2001.
TABLE OF CONTENTS
| Executive Summary | 1 |
| 1. Market Definition | 2 |
| REPORT COVERAGE | 2 |
| INTRODUCTION | 2 |
| MARKET SECTORS | 2 |
| Bespoke/Standard Fittings | 3 |
| New Build/Refurbishment Work | 3 |
| MARKET TRENDS | 3 |
| Retail Sales | 3 |
| Table 1: Index of Volume Growth in UK Retail Sales at Constant 1995 Prices (index 1995=100 and £m), 1996-2001 | 4 |
| Table 2: Index of Value Growth in UK Retail Sales at Current Prices (index 1995=100 and £m), 1996-2001 | 5 |
| Construction | 5 |
| Table 3: Value of Construction Output in the Private Commercial New Building Sector at Current Prices (£m), 1996-2001 | 6 |
| Table 4: Value of New Orders Obtained From the Private Commercial Sector at Current Prices (£m), 1998-2001 | 7 |
| Table 5: Value of New Orders Received for the Building of Shops at Current Prices (£m), 1996-2001 | 7 |
| MARKET POSITION | 8 |
| UK | 8 |
| Overseas | 8 |
| TRADE ASSOCIATIONS | 8 |
| British Shops and Stores Association Ltd | 8 |
| The British Retail Consortium | 8 |
| The Institute of Shopfitting | 9 |
| The National Association of Shopfitters | 9 |
| Point of Purchase Advertising Institute | 10 |
| Shop and Display Equipment Association | 10 |
| Shopfitting Industry Training Group | 11 |
| 2. Market Size | 13 |
| THE TOTAL MARKET | 13 |
| Table 6: The UK Shopfitting Market by Value at Current Prices (£m at msp), 1997-2001 | 13 |
| Turnover Analysis | 13 |
| Table 7: Breakdown of the UK Shopfitting Market by Sector by Value (£m and percent), 1997-2001 | 14 |
| 3. Industry Background | 15 |
| INTRODUCTION | 15 |
| Recent History | 15 |
| Number of Companies | 15 |
| Table 8: Number of VAT-Registered Enterprises in the Manufacture of Office and Shop Furni―ture by Turnover Size, 2001 | 16 |
| Employment | 16 |
| Table 9: Number of VAT-Registered Enterprises in the Manufacture of Office and Shop Furni―ture by Employment Size, 2001 | 17 |
| Regional Variations in the Marketplace | 17 |
| Distribution | 17 |
| HOW ROBUST IS THE MARKET? | 18 |
| Legislation and Regulations | 18 |
| 4. Competitor Analysis | 19 |
| THE MARKETPLACE | 19 |
| Suppliers of Specialist Services and Fittings | 19 |
| AMS Group Ltd | 19 |
| Company Structure | 19 |
| Current and Future Developments | 19 |
| Financial Results | 20 |
| Charles Barrett Interiors Ltd | 20 |
| Company Structure | 20 |
| Current and Future Developments | 20 |
| Financial Results | 20 |
| Eden Industries Ltd | 21 |
| Company Structure | 21 |
| Current and Future Developments | 21 |
| Financial Results | 22 |
| GWS Group Ltd | 22 |
| Company Structure | 22 |
| Current and Future Developments | 22 |
| Financial Results | 22 |
| Havelock Europa PLC | 22 |
| Company Structure | 22 |
| Current and Future Developments | 23 |
| Financial Results | 23 |
| Morris & Spottiswood Ltd | 23 |
| Company Structure | 23 |
| Current and Future Developments | 24 |
| Financial Results | 24 |
| Pel Ltd | 24 |
| Company Structure | 24 |
| Current and Future Developments | 25 |
| Financial Results | 25 |
| Sloane Group (Holdings) Ltd | 25 |
| Company Structure | 25 |
| Current and Future Developments | 26 |
| Financial Results | 26 |
| Store Development Group Ltd (SDG Group Ltd) | 27 |
| Company Structure | 27 |
| Current and Future Developments | 27 |
| Financial Results | 27 |
| Styles & Wood Ltd | 27 |
| Company Structure | 27 |
| Current and Future Developments | 28 |
| Financial Results | 28 |
| Timber Tailors PLC | 29 |
| Company Structure | 29 |
| Current and Future Developments | 29 |
| Financial Results | 29 |
| Withey Contracts Ltd | 29 |
| Company Structure | 29 |
| Current and Future Developments | 30 |
| Financial Results | 30 |
| OTHER COMPANIES | 30 |
| Cardinal Shopfitting + Systems Ltd | 30 |
| S. Dudley & Sons Ltd | 30 |
| Hurst Stores and Interiors Ltd | 30 |
| Hutton Shopfitting Ltd | 31 |
| Kesslers International Ltd | 31 |
| ROL Gibson Lea Ltd | 31 |
| Simpson Shopfitting Ltd | 31 |
| OUTSIDE SUPPLIERS | 32 |
| 5. Strengths, Weaknesses, Opportunities and Threats | 33 |
| STRENGTHS | 33 |
| WEAKNESSES | 33 |
| OPPORTUNITIES | 33 |
| THREATS | 34 |
| 6. Buying Behaviour | 35 |
| INTRODUCTION | 35 |
| Food and Non-Food Retailers | 35 |
| Table 10: Value of Retail Sales via Food versus Non-Food Stores (index 1995=100, £m and percent), 1996-2000 | 36 |
| LARGE AND SMALL RETAILERS | 36 |
| Table 11: Value of Retail Sales for Large and Small Retailers (index 1995=100, £m and percent), 1996-2000 | 37 |
| LEADING RETAILERS | 37 |
| Table 12: Market Capitalisation of Selected Leading Retailers (£m), 2001 | 38 |
| 7. Current Issues | 39 |
| IMPACT OF THE INTERNET | 39 |
| DISABILITY DISCRIMINATION ACT PART III | 39 |
| LEISURE AND RETAILING | 40 |
| PROJECT MANAGEMENT | 40 |
| Retail Market Strategy | 40 |
| CORPORATE DEVELOPMENTS | 41 |
| 8. The Global Market | 42 |
| GLOBAL OVERVIEW | 42 |
| NORTH AMERICA | 42 |
| EUROPE | 43 |
| Table 13: Growth in Volume of Retail Sales in Europe (index 1995=100), 2000 | 43 |
| 9. Forecasts | 45 |
| THE ECONOMY | 45 |
| RETAIL SALES | 45 |
| Table 14: Forecast Index of Volume Growth in UK Retail Sales (index 1995=100 and percent), 2001-2005 | 46 |
| RETAIL AND RELATED PROJECTS | 46 |
| Table 15: Examples of Recent Commercial Contracts and Values (£m), July 2001 | 46 |
| Table 16: Major Retail Projects Proposed for Completion, 2002-2004 | 48 |
| Table 17: Number of Scheduled Openings of Town-Centre and Out-of-Town Shopping Centres (000 square metres and number), 2001-Post 2003 | 49 |
| FORECASTS 2002 TO 2006 | 49 |
| Table 18: Forecast for the UK Shopfitting Market by Value (£bn and percent), 2002-2006 | 50 |
| FUTURE TRENDS | 50 |
| 10. Company Profiles | 51 |
| HAVELOCK EUROPA PLC | 52 |
| MORRIS & SPOTTISWOOD LTD | 54 |
| PEL LTD | 56 |
| SLOANE GROUP (HOLDINGS) LTD | 58 |
| STYLES & WOOD LTD | 60 |
| WITHEY CONTRACTS LTD | 62 |
| 11. Further Sources | 64 |
| Associations | 64 |
| Periodicals | 64 |
| Directories | 65 |
| General Sources | 65 |
| Bonnier Information Sources | 66 |
| Government Publications | 67 |
| Other Sources | 68 |
| Key Note Research | 69 |
| The Key Note Range of Reports | 70 |
Text © 2002 Key Note
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Last updated by Amanda Porteous February 2004