Page 18 - MarketTimesOctober2015
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Survey Results
— Markets Matter
From April to June 2015, NABMA and the NMTF undertook the biggest ever survey of the UK retail markets industry.
Responses were received from more than 300 market operators and 790 businesses trading on more than 1,000 markets and/or market-type events (99 per cent confidence level, five per cent margin of error).
And 347 businesses also completed an extended survey, providing in-depth data about their businesses (95 per cent confidence level, 5.5 per cent margin of error).
Unless otherwise stated, figures in this section are
KEY FACTS
The 2015 study revealed the following headline figures:
• 1,225 retail markets
• 33,000 market traders
• 1,000 apprentices employed by market traders
• 55,000 people employed directly on retail markets
• Retail market sector turnover of around £2.5 billion a year
• £36.6 million invested to improve retail markets
• 65 per cent of retail markets run by local authorities
• An estimated 30 billion shopping visits to retail markets per year
• 26 wholesale markets
• 1,000 wholesale businesses
• An estimated 10,000 people directly employed on wholesale markets
• Wholesale sector turnover of £3.25 billion a year
• A collective markets industry turnover of £5.75 billion a year
calculated from data collected in this survey of the retail markets industry.
More information about the survey can be found online at www.mission4markets.uk.
The information on the wholesale markets is taken from the results of the NABMA 2014 Survey of wholesale markets and similar statistics to those recorded in the Markets 21 report in 2009, except in respect of turnover where the figure is reduced from one of £4.1 billion in 2009 to £3.25 billion in 2014.
RETAIL MARKETS
The Markets 21 survey in 2009 gave a figure of 1,124 traditional retail markets. The results of the Mission for Markets survey suggest that the figure has increased to 1,226 comprising of 334 indoor markets, 373 street markets, 98 covered markets and 385 outdoor markets. Thirty-five operators described their markets as “other” (combination of indoor/outdoor markets).
Local authorities still dominate the management of retail markets with 796 markets operated by them. In addition 221 are privately operated, 61 operated by social enterprise, 25 are trader operated markets and 123 are a variety of other management models such as joint venture arrangements or limited liability partnerships. Data collected by the NMTF reveals that across the country retail markets have an average occupancy of
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