Kantar Study Reveals Slower Growth and High Street Challenges
- UK retail brands’ value growth lagging behind global rivals
- Kantar’s ‘2019 BrandZTM Top 75 Most Valuable UK Brands’ ranking reveals slowdown in growth
- Tesco, Next, Asda, Sainsbury’s, Marks & Spencer among top retail brands
- Online-only Ocado and Very show highest growth without them, UK retailers’ value would have increased by just 2%
- Amazon leads Global Top 100 with 52% value increase
- Record number of well-known UK brands disappeared from top 500 high streets in 2018
- Retailers must reinvent themselves for new generation of shoppers, says Kantar’s Henry Heywood
A recent study by Kantar has found that the value growth of the UK’s top retail brands is lagging behind their global counterparts. The UK retailers in the Top 75 grew by only 4% compared to the Global Top 100, which experienced a 25% increase. Tesco, Next, Asda, Sainsbury’s, Marks & Spencer, Morrisons, Ocado, Boots, Co-op, Very, Waitrose, John Lewis, and littlewoods.com made the ranking. Online-only brands Ocado and Very showed the highest growth rates. Kantar also noted a record number of UK high street brands disappeared in 2018. To avoid further losses, retailers must reinvent themselves for a new generation of shoppers by investing in brand building and connecting digital platforms with physical experiences.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the growth rates of UK’s top retail brands compared to global retail brands, mentions specific brands and their rankings, discusses the impact of online-only players, and quotes an expert’s opinion on the need for traditional retailers to adapt. However, it could provide more context or data on the methodology used by Kantar and the factors contributing to the growth rates.
Noise Level: 4
Noise Justification: The article provides relevant information about the performance of UK retail brands compared to global retail brands and highlights the need for traditional retailers to adapt to changing consumer behavior and technology. However, it could benefit from more in-depth analysis of specific strategies or examples of successful reinvention efforts.
Financial Relevance: Yes
Financial Markets Impacted: UK retail sector
Financial Rating Justification: The article discusses the growth of UK’s top retail brands and their performance compared to global retail brands, highlighting the impact on financial markets through changes in brand value and the challenges faced by traditional retailers in adapting to digital platforms. It also mentions specific companies like Tesco, Next, Asda, Sainsbury’s, Marks & Spencer, Ocado, Boots, Co-op, Very, Waitrose, John Lewis, WHSmith and littlewoods.com.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, but the information about the slow growth of UK retail brands compared to global retail brands can be considered as a minor issue.
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