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UK average (E,747), this will result a delve In consumer spending patterns. Research that examines and predicts levels of consumer retail spending across the Auk’s 12 major regions in 2011 compared to 2010 show figures which is supported by key economic factors in each region which are – disposable income levels, unemployment rates, and vacancy levels in shop units.
London and the South East will see the biggest growth In annual consumer spending at 2. 5% and 1. 8% respectively, with Londoner spending 25& more than the national average or the relatively high levels of unemployment. It is suggested to go online more than in stores to maximize the savings as everyone will need to spend more to buy less. Arcadia has revealed plans to close some 250 stores over the next few years as their leases expire. Sir Philip Green is planning a major make over of his business empire that will include spending Emma growing the Arcadia group over the next three years.
Green said he had reviewed all of his fashion brands and concluded many of the older stores needed attention. This means around Meme a year will be spent on Arcadia-owned stores, with Green saying each business would receive investment in reapportion to its size and profits. Much of the expenditure will go on Tops, the biggest brand within the Arcadia stable. Twenty Arcadia stores will open over the next 15 months. Despite a drop in operating profit of 8. 1 percent to IEEE. 6 for the year ended 2 September, retail tycoon Sir Philip Green remains upbeat about Arcadia Group’s performance. Our operating margin at 16. 7 percent is still among the best in the industry,” he said. Group sales rose 1. 8 percent to El . 8 billion, while like-for- like sales dropped 1. 9 percent. Pre-tax profits fell EYE. 3 million to IEEE. Million. Green maintained the results were buoyant despite a challenging retail climate. “This represents a strong performance when set against a competitive retail market, significant investment in new space by our competitors, and underlying costs inflation for retailers. ” The group opened 46 new outlets during the year.
Green said capital investment, including new stores, refurbishments and e-commerce, had increased from EYE million to IEEE million during the year. He added that the company had already committed EYE million of capital investment this year. Arcadia Group (Tops) is one of the top clothing retailers in the U. K. The firm operates several apparel chains with approximately 2,500 stores domestically. Arcadia also has 420 franchised stores in 30 countries primarily in Europe, the Middle East and Asia. The firm is a subsidiary of one of the largest retail groups in Europe, Tablet Investments.
The company has seven brands: Dorothy Perkins, Miss Selfridges, Wallis, TOPS, Evans, Burton and OTTOMAN. Dorothy Perkins, with 600 stores in the U. K. And over 90 outlets worldwide, targets female customers age 25-35, with tall, petite and maternity ranges available. Miss Selfridges, with more than 250 stores internationally, markets to young and trendy women ages 18-24. Wallis, with 134 standalone stores and 126 concessions in the U. K. And Ireland, is an upscale brand that incorporates new trends and colors into its traditional glamour.
TOPS is a trendy, stylish and affordable brand for young women, with 300 stores across the U. K. Tiptop’s flagship store is located in London; another flagship store is located on Broadway in New York. Evans retails classic clothing, footwear, lingerie and accessories for women ages 20-45 through 330 stores in Ireland and the U. K. Burton is a mid-market menswear brand for ages 25-34, covering everything from relaxed casual wear to suits, with over 400 stores in Ireland and the U. K. OTTOMAN is a trendy, fashion-forward and affordable brand for young men.
The company also operates 27 Outfit stores, which provide selections from the company’s house brands primarily in out-of-town locations. All Arcadias brands offer e-commerce web sites. Employees are offered a pension plan, a bonus plan and a 25% discount on all Arcadia Group week, is now Joined by an award-winning blob, Inside-out, tweets straight from head office, a much-updated Backbone page and the recently launched Tops Tumble. So, wherever you are and whatever you’re doing, you can bring Tops along with you at all times. 10th chain is not the first to look beyond its home and European markets.
The retailer’s European based rivals Ezra, Mango and H&M, who also sell inexpensive, trendy styles already have branches in the US. But Tops has the advantage of being the more cutting-edge fashion leader. The Bays franchise deal will be the British retail magnate’s first step in his Canadian expansion of Tops. It old eventually lead to its roll of as many as 50 stores here – including its men’s clothier Ottoman – as both standalone outlets and in-store boutiques within five years, said Bonnie Brooks, chief executive officer of the Bay. This is a very big deal,” Ms. Brooks said on the eve of Wednesdays announcement of the Bays exclusive Canadian franchise rights for Tops and Ottoman. “Any location that gets a Tops and Ottoman will have an immediate lift in sales. It could be as much as 10 per cent of the store’s business within the first year of it being open. ” Tops, which pirates in 37 countries and dominates Main Street retail in Britain, is yet another cheap-and-cheerful fashion player that will further squeeze existing merchants. Joe Fresh Style, the apparel line at Lobar Coos.
Ltd. , is Just beginning to be rolled out in standalone stores. U. S. Discount giant Target Corp.. , known for its affordable fashions, will open its first outlets here in 2013. Global powerhouses such as the Swedish Hennas & Mauritius and Spanish Ezra have brought their fast-fashion retail concepts to Canada, shipping new styles to their stores daily and often within weeks of the signs appearing on haute-couture catwalks. In an increasingly crowded market, they put more pressure on conventional merchants to find an edge and an economical business model.