Tesco is set to become the UK's largest retailer of non-food goods by the end of the year, according to industry analysts Verdict Research.Tesco will leapfrog ARG, owner of Argos and Homebase, by the end of 2006 as it sells more than £6bn of non-food goods.
It has expanded into most areas of the retail market, selling clothes, books, electrical goods and seasonal items such as barbecues and garden furniture.
The report also says that this will likely lead to chains folding:
Verdict said it expected some retailers to fold in the face of Tesco's growth.
"Compounded by the effect of rising costs and more demanding customers, casualties from almost every corner of the market are inevitable," the firm said in a study of trends in non-food retailing.
Although no names are mentioned in the context of going out of business, a couple major chains are brought up as being particularly hurt:
Boots and HMV are among retailers which have seen their sales eroded by supermarkets in recent years.
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