Retail industry of UK has been one of the most growing industries over Dissertation

Retail constancy of UK has been one of the most growing industries over the years - Dissertation Example opening 17 3.2. Research Purpose 17 3.3. Research Strategy and Method 18 3.4. Research Design 19 3.5. Data Collection 19 3.6. Methods and Tools apply for Collecting Data 20 3.7. Analysis Techniques 20 3.8. Validity and Reliability of the Research 25 3.9. Ethical Considerations 26 3.10. Summary 26 4. ANALYSIS AND FINDINGS 27 4.1. Introduction 27 4.2. Financial ratios 27 4.2.1. Profitability Ratios 28 4.2.2. Liquidity Ratios 39 4.2.3. Activity Ratios or Efficiency Ratios 47 4.2.4. Leverage Ratios 51 4.2.5. market Ratios 57 5. CONCLUSION 63 5.1. Summary of the findings 63 5.2. Recommendations 65 5.3. Lessons learnt from the study 66 5.4. Limitations 67 5.5. Further research 67 1. introduction 1.1. Background Of The piece of work Retail industry of UK has been one of the most growing industries over the years, specifically the food sell industry. Because of recession, the overal l world delivery was not growing despite of that, food retail industry has been one of the industries which reported considerable amount of growth. The food retail industry of UK has a long and solid history. During the fifties and sixties the concept of supermarkets and self service shops became popular this has been marked as the starting of retail industry in the United Kingdom (Hamlett, Alexander, Bailey, & Shaw, 2008). Despite of the fact that the UK economy was going through recession, the overall sales of the industry had subjoind in 2009 as it reached a figure of over ?285billion. It has been estimated that this figure will further increase in the years to come. Also with the world economy and UK economy recovers itself from recession, retail industry would be one of the most beneficial industries as this would further increase the meat revenue of the firms in the industry (The Scottish Government, 2010). By the end of 2010, the total retail units in the kingdom were a pproximately 286,000 (Arch, 2010). The food retail industry is an important industry for the UK economy as over the years it has been able to contribute a lot to GDP of the country. In addition to this, food retail industry is a significant one for United Kingdom economy as it has been able to consume considerable portion of the employment. According to a report, in that location are to a greater extent than half a million people working in the industry representing almost 13% of the total workforce of United Kingdom. fare retail industry consumed more than 12,750 permanent jobs throughout 2010 which represents an annual growth of 2.1% in the jobs of food retail industry from the year 2009 (The Scottish Government, 2010). There has been an change magnitude trend of online shopping for people in the UK and this has attracted more people to start online businesses. There are more than 150,000 online retail businesses in United Kingdom and more than 600,000 people are employed becau se of e-retail industry either directly or indirectly. At present, the online retail business contributes only 7% of the total retail industry revenues (Experian Hitwise, 2008), however it has been predicted that the contribution from online business would further improve with the passage of time. The total sales of online retail industry equalled ?2.8 billion from December, 2009 to December, 2010 i.e. in a year the total sales of the industry was equal to ?2.8 billion (Internet Retailer, 2011). Tesco is the market leader in the UK food retail industry for years and it has been dominating the market with market constituent of almost 31% (Tesco, 2011). Tesco is