Industry Analysis & Industry Trends
The Cosmetics and Toiletries Retailers industry has effectively recouped the ground lost after the economic downturn over the past five years, as revenue has grown and profit margins have risen. Industry revenue surpassed the pre-recessionary peak during the middle of the past five-year period. However, the extent of the industry's recovery has been limited by strong competition from supermarkets, chemists, department stores, discount retailers, e-tailers and other competitors. Industry firms currently serve only an estimated 40% of the retail cosmetics market. Although revenue has growth in each year of the period, a faltering economic recovery has meant that consumer preferences for budget, own-label and mass-market products have persisted... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Cosmetics and Toiletries Retailers industry is in the mature stage of its life cycle. Over the decade through 2021-22, the industry's contribution to GDP is expected to increase at a compound annual rate of 3.2%. UK GDP is expected to grow at a compound annual rate of 2.3% over the same period. Although the industry's IVA growth does characterise a growing industry, the industry began the period on a relatively low base, and has simply recouped ground lost during the recession. Even as the economy slowly improved at the start of the period, the industry suffered negative swings in consumer confidence and capital expenditure, which in turn affected consumer demand and investment; hence the industry's contribution to the economy was depressed over that period.
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