We're on Google+
Search
Tag Cloud
Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
British high street stalwarts face competition from US newcomers Tuesday, 23rd October 2012
Image courtesy of Marks & Spencer
High street stalwarts Next, Marks & Spencer and Debenhams may have to face off serious competition from US apparel retailers looking to the UK to reel in extra profits, according to the Guardian.
Analysts at Morgan Stanley told the newspaper: “We have identified at least ten big US clothing retailers looking to use the UK as a bridgehead into Europe. We think this could profoundly change the competitive landscape.”
The bank also identified ten US-based retailers which are already in the UK or are likely to arrive in the next few years. Abercrombie & Fitch, Anthropologie, Banana Republic, Forever 21, Hollister, Urban Outfitters and Victoria’s Secret make up the retailers who have already made it to our shores, with potential new arrivals coming in the form of Aeropostale, American Eagle and J Crew.
Analysts said: “We believe it is very possible that they could capture 5% to 10% of the UK market over the next five years. Combined with further expansion from other international retailers already in the UK, this is likely to put considerable pressure on the domestic operators.”
Related Stories
Posted in Consumers, fashion, Retail Industry Tagged Abercrombie & Fitch, Anthropologie, Banana Republic, Forever 21, Hollister, Urban Outfitters, Victoria’s Secret, Aeropostale, American Eagle, J Crew, Next, Marks & Spencer, Debenhams, fashion, department stores, my, retail, media, news
