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The definition of a merchandising business is a commercial enterprise dedicated to the purchase of finished goods and their resale for a profit. A merchandising business will generally buy their products from a wide range of distributors domestically and internationally and market their products in huge consumer shopping facilities. Merchandising as an industry sector is worth billions to the UK economy and merchandising franchises have been around for some time.
Merchandising industry statistics
Below we will now list some statistics which have been collected in the UK around the merchandising industry. If you are looking to buy a franchise within the merchandising sector we hope these statistics can help you all statistics listed below were collected by a credible source called Ibisworld they are one of the largest statistics providers in the world.
- The total market size of the promotional product distribution in the UK is currently at a staggering £1 billion British pounds.
- The total market employment for the merchandising industry in the UK is around 24,000 according to Ibisworld.
- There is a total of over 2,300 promotional product distribution businesses currently operating across the whole of the UK.
- The promotional product distribution industry since the years 2015 and 2020 in the UK has seen a large growth of 2.9% according to Ibisworld.
Some franchises that operate in the merchandising sector include retailers, corporate branding franchises & promotional gift franchises