Industry Analysis & Industry Trends
The performance of the Specialised Seafood Retailers industry has been tumultuous over the past years. Intensifying competition, changing consumer trends, and recessionary conditions have had a major impact on the landscape of the industry. Competition, mostly from supermarkets, has diverted revenue away from specialised retailers. Large chain stores such as Tesco and Morrisons have been encroaching on industry operations by increasing the range of seafood products offered. Consumers have been lured in to supermarkets with lower prices, a wider range and the overall convenience. Over the five years through 2012-13, industry revenue is estimated to decline at a compound annual rate of 4.6%, to total £320.6 million... purchase to read more
Industry Report - Industry Locations Chapter
Specialised seafood retailers are concentrated around the coastal areas of the United Kingdom and regions with large fishing fleets. Over 66% of seafood caught in the United Kingdom is landed in Scotland. The high volume of fishing vessels, fishing and coastal communities means that there is strong demand for seafood. Dampening revenue is the fact that Scotland has a lower level of disposable income than regions like London, East Midlands, East England and the South East. Yorkshire, Hull, and Northern Ireland are also major landing points for seafood. As such, they both contribute a high proportion for the population size.
London is the industry's second-largest market. Although the city has no fishing industry, it does have the highest disposable incomes... purchase to read more