08 June 2007, 17:12 PM

  • Large chains will control almost 90% of the retail market by 2016, according to investment bank, Morgan Stanley.

It believes the share of the market held by independent shops will halve in the next decade as larger chains prosper at their expense.

The prediction was made in a note to clients, which also said there would remain a niche for small, independent shops offering a superior service to the chains, The Daily Telegraph reported.