Thursday, May 21, 2020

The Sales Market The Total Boxed Chocolate Market

INTRODUCTION The overall confectionery market remains robust and of significant size at  £3.9 billion and it maintained a 2% growth in value over the past year, driven by price rather than volume. Thorntons’ focus within this is the total boxed chocolate market, which grew 3% over the past year to  £748 million. In the UK Commercial channel, Thornton retained their position as one of the top three brands within the boxed chocolate market with an 11.5% market share (2013: 11.9%) and also remained a clear leader in their core inlaid boxed chocolate market, with a 34.5% share (2013: 35.2%). The total gifting market, at  £39.4 billion, is more than ten times the size of the confectionery market and similarly grew at 2% over the past year. Thorntons is a British chocolate company established by Joseph William Thornton in 1911. Turnover in its annual report of 2014 was declared at  £222.4 million with 260 stores and cafes across the UK and Ireland and 175 franchises. Thorntons has transformed into an international multi-channel fast moving consumer goods (â€Å"FMCG†) company with a strong UK multi-channel retail presence in 2011. Because of this reason, Thorntons has changed its strategy to reflect the continually evolving nature of shopper behaviour reflected in today’s multi-channel retail environment. Today’s companies find themselves operating in an environment that is changing faster than ever before. Therefore, organizations have to analyze these changes and modify themselves toShow MoreRelatedEssay on Thorntons Case Study.Doc5972 Words   |  24 PagesSTUDY THORNTONS PLC Introduction In September 2003 Thorntons, the Uk’s largest manufacturer and retailer of specialist chocolates, completed a three-year planning period aimed at achieving a turnaround in the company’s performance. 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