Independent retailers continue to resist the might of the top multiples, according to our annual Top 50 survey.
Celebrating its fifth birthday this year, the Top 50 survey of leading independent retailers shows that total sales among this elite group have grown from £2.4bn in 2002 to £2.8bn.
This performance is all the more impressive considering that last year’s ranking was badly hit by the acquisition of a raft of key Top 50 companies, such as Jacksons and Bells, by the multiples as they embarked on a massive spending spree in the convenience sector in 2004.
Sales among The Top 50 have bounced back in the year’s list, despite the fact that Unwins and Fuelforce, both major powers in the list, went into administration in 2005.
But closer analysis of the data shows that the growth is being driven by
the top ten retailers.
>>Check out the winners and losers in our Top 50 report, p27
Rod Addy
Sales of The Top 50