Marks and Spencer and Arcadia are losing their market share in women’s clothing to discounters such as George at Asda, a report suggests.
The report, Verdict on Women’s Retailers 2005 by Verdict, found that M&S and Arcadia have lost nearly 4% of their market share to the eight largest discounters.
In contrast, discounters such as George at Asda, Primark and New Look, increased their market share from 10.3% to 17.6%.
Maureen Hinton, author of the report said: “Middle market players are evolving their models as they struggle to compete with this price competition. Margins will continue to be squeezed and we expect to see more casualties.”
The report, Verdict on Women’s Retailers 2005 by Verdict, found that M&S and Arcadia have lost nearly 4% of their market share to the eight largest discounters.
In contrast, discounters such as George at Asda, Primark and New Look, increased their market share from 10.3% to 17.6%.
Maureen Hinton, author of the report said: “Middle market players are evolving their models as they struggle to compete with this price competition. Margins will continue to be squeezed and we expect to see more casualties.”
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