Albany, NY -- (SBWIRE) -- 12/21/2018 -- The year 2017 encountered an upsurge in the cost of raw materials which prompted high inflation and consequently dissuaded consumers from spending. Meanwhile, the UK stationery market, with 15.4% growth (between 2013 and 2018) is estimated to reach USD 2.2 billion in 2018. Given the triumph of Australian retailer Smiggles in the UK market attaining 4% share in 2018, other prominent players are vying for to reap benefits from the market.
Though WH Smith leads the UK stationery market, in recent years the tide has turned away as it lost 1.8% points off its share in the past half a decade. These nuggets of insights are in line with the report titled, "The UK Stationery Market 2018-2023," which has been latterly included in the repository of Market Research Hub (MRH). Furthermore, the UK stationery market is set to be bolstered by the expansion and penetration of the Works and the B & M.
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As such, female shoppers are more swayed by the trend whereas males opt for discrete approach. Moreover, change in consumers' attitude towards value and discount retailers have further spurred the market. However, polarization of shoppers have put traditional midmarket specialists in peril. Ergo, retailers can reap benefits through online to attract millennial shoppers.
UK Stationery Market: Report Synopsis
The report offers coherent analysis on the stationery market of the UK through insights on the prominent players, consumers' attitudes and trends. Further, the report delves into hot issues having an impact on the market, retailers' profiles, retailers' market shares, consumers' data, future outlook, strategies for success and market sizes and forecasts.
The report further peruses on the sub-categories such as paper and notebooks, desk accessories, writing and drawing instruments, postage and packaging, storage, arts & crafts and other stationery. The report does an exhaustive analysis of the category dynamics. Further, the report analyzes online and offline growth rates followed by the assessment on channels of distribution. Some of the prominent companies are B&M, Paperchase, Ryman, Smiggle and WH Smith. The report also talks at length about purchase inspiration and shoppers' preference.
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UK Stationery Market: Research Methodology
A rigorous and exhaustive research methodology has been embraced to provide a research approach incorporating of secondary and primary research. The nuggets of insights in the report is on account of an in-depth secondary research, primary interviews and in-house reviews by panel of experts.
The secondary research include annual reports, broker report, financial report, company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction.
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