An international empirical analysis of the performance of manufacturers and retailers

Marcel Corstjens and Richard Steele

Journal of Retailing and Consumer Services, 2008, vol. 15, issue 3, 224-236

Abstract: Trade press and general arguments from channel members constantly assert that retailers are getting more powerful. Our empirical analysis, however, shows that the retail sector under-performs manufacturers and when measured in terms of shareholder return their performance relative to manufacturers is getting worse over time. We show that this phenomenon, which was first shown to exist in the US in the 1980s and early 1990s, still holds in the late 1990s and the early years of the 21st century and not only in the US but also in Europe.

Keywords: Retailing; Manufacturing; Financial performance (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joreco:v:15:y:2008:i:3:p:224-236

DOI: 10.1016/j.jretconser.2007.06.004

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