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British high street stalwarts face competition from US newcomers Tuesday, 23rd October 2012
Image courtesy of Marks & Spencer
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.”