European Retail Briefings
About this report
This is the tenth edition of the European Retail Handbook. Like its predecessors, it has been designed as an affordable, practical and manageable reference work unparalleled in the breadth, depth and quality of its coverage. This year, we have expanded coverage to include 30 European countries, adding the emerging markets of Croatia and Turkey to the 28 covered in previous editions.
Contents
Highlights: October 2006
Grocers
Clothing retailing
Multi-sector retailing
Electrical retailing
Furniture retailing
DIY retailing
News Analysis
Bakers (Retail)
UK: Davies in at Thorntons
Co-ops (Retail)
UK: Co-op records great half-year
Convenience stores
UK: Nisa-Today abandons Costcutter merger
Grocers
Europe: Kesko sells Rimi Baltic stake to ICA
France: Carrefour
…sees sales rise in third quarter
…and denies interest in Fnac
India: Carrefour looks to India through Landmark
Netherlands: Ahold appoints Boeijenga as Foodservice bidders circle
Netherlands: Laurus
…posts nine-month sales slip
…as new CEO denies Sperwer merger rumours
Russian Federation: Pyaterochka
…confirms Merkado talks
…as like-for-likes rise
…purchases Metronom
…and becomes X5 Retail Group NV
UK: Asda hires Bendel to revamp image
UK: Kwik Save buys 45 Somerfield stores
UK: Mysupermarket.co.uk claims to slash shopping bills
UK: Sainsbury's
…forgoes profit to save endangered fish
…buys five more Somerfield stores
…as “recovery remains on track”
UK: Somerfield to undergo overhaul
UK: Tesco
…sees supermarket rivals gang up
…eyes Italy as India decision looms
…posts £1bn+ profit in first half
…launches software
…and promotes sensible Christmas drinking
UK: Suppliers refuse to give evidence to grocery inquiry
US: Safeway profits in third quarter
US: Ahold avoids prosecution
Clothing retailing
India: GHCL to buy further into US and UK?
Italy: Benetton chairman announces successor
Spain: Inditex plans major expansion
Sweden: H&M
…Q3 profits climb 13%
…but sees September sales fall below expectations
Sweden: Lindex reports positive year
UK: Alexon
…sees sales hit by warm weather
…and scraps Mandolin
UK: Burberry reveals retail sales rise
UK: Cortefiel coming to UK
UK: Dawnay, Day set to raise Austin Reed offer
UK: Jaeger plans growth, US return
UK: Matalan
…sees board recommend Hargreaves’ offer
…as recovery plans are revealed
UK: Mk One records 16-month loss
UK: Monsoon reveals trading difficulties
UK: Moss Bros
…reveals interim profit drop
…as Baugur considers bid
UK: Mothercare boosted by international sales
UK: New Look abandons flotation plans
UK: Shepherdson quits Topshop
UK: Ted Baker
…looks east for expansion
…as success continues
Multi-sector retailing
Australia: Coles Myer
…snaps up Mr Corks
…as KKR abandons bid
China: Wal-Mart doubles Chinese stores with $1bn takeover
France: PPR to sell Fnac?
Germany: Douglas Holding posts good full-year
Germany: Rewe
…sees independent retailers boycott rebranding
…as BaFin joins corruption case
Japan: Aeon
…to raise $1.7bn via new share issue
…and profits in first half
Turkey: Wal-Mart eyes Ramstore owner
UK: Alliance Boots upbeat on post-merger trading
UK: Court confirms JJB, Argos, Littlewoods fines
UK: HMV updates trading, increases online offer, appoints Rogers
US: Wal-Mart
…loses class-action breaks case
…and cuts investment to boost profits
DIY retailing
Germany: Hornbach sees first half success
Russian Federation: Kingfisher plans huge Russian expansion
UK: B&Q introduces ‘green’ range
UK: Topps Tiles
…posts full-year like-for-like drop
…before finance director quits
UK: Wickes reveals expansion plans
Electrical retailing
Germany: Media Markt/Saturn to sell game downloads
UK: Carphone loses Vodafone; Orange may follow
UK: Kesa profits leap 62%
UK: Currys
…announces online moves
…and refuse to stock 'Bully'
UK: NTL set to move into retail
Furniture retailing
Russian Federation: Ikea plans major Russian expansion
Sweden: Ikea to hire 10,000 workers a year
UK: Harveys loses Allan
UK: Ikea reveals online trial date
UK: Land of Leather profits up
UK: MFI sells Sofa Workshop
UK: ScS sees sales rise
Homewares retailing
UK: Dunelm lists on stock market
Home shopping
UK: Littlewoods looks to shed negative northern image
UK: Asos records 93% sales increase
UK: Farepak ceases trading leaving angry customers
UK: Findel sees flat sales in first half
UK: N Brown continues form
Health and beauty retailing
UK: Body Shop may double worldwide
UK: Sutherland becomes Superdrug/Savers head
US: Walgreen Q4 profit up 25%
Book and stationery retailing
UK: Clinton Cards show signs of recovery
UK: WH Smith reports profit rise, sales fall
US: Office Depot back in the black
Sports and leisure goods retailing
UK: JD sees sales, profits rise
UK: World Cup boosts JJB sales
Jewellers
UK: Theo Fennell sees six-month sales rise
Garden centres
UK: Blooms of Bressingham posts successful half
Toys and games retailing
UK: Game
…shakes up top management
…and sees stronger sales reduce losses
Miscellaneous specialist retailing
UK: Halfords sees sales rise
UK: Jessops
…sees sales rise
…and buys MacKinnons of Dyce
Mixed goods retailing
UK: Smith launches Only2
UK: Argos goes for smaller stores
UK: John Lewis launches Greenbee
UK: M&S to double organics
US: Family Dollar posts full-year sales success
Department stores
UK: Debenhams suffers difficult start to new fiscal year
UK: Harrods considers Dubai entry
UK: House of Fraser losses widen
Economic News
Australian retail rises in August
German retail up on year, static on month
Japanese retail up year-on-year
UK:
Retail sales up in September, says CBI
September retail sales remain strong, says ONS
Retail sales restricted in September, says BRC
US: September sees retail sales drop
Market Analysis: Clothing Retailing in Europe
Overview of the European Clothing Retailing market
Figure 1: European clothing market: Market sizes and spend per capita, 2005
Germans lead, Norwegians spending up per capita
Figure 2: European clothing market: Spend per capita, 2005
Italians and Greeks surprise
Figure 3: European clothing market: Estimated annual % growth, 2004-05
…while Central Europeans are lowest spenders
Specialists dominate distribution
Figure 4: European clothing market: Channels of distribution by country, 2005
Figure 5: European clothing sector: Clothing specialists’ sales by country, 2005
UK boasts highest specialist share
Figure 6: European clothing sector: Clothing specialists as % of all retail sales by country, 2005
Consumer confidence impacts growth
Clothing sector sales down
Figure 7: European clothing sector: Percentage point change in sector’s share of all retail sales, 2004/2000 and 2005/01
Specialists capture Ireland
Figure 8: European clothing sector: Top five specialists’ combined market shares by country, 2005
Store expansion for H&M, Inditex
…while other value operators also break through
Figure 9: Europe's leading clothing specialists: Cross-border activities, 2005/06
From rags to rich growth?
Figure 10: European clothing retailing: Sector sales forecasts, 2006 and 2010
Company Profile: H&M Hennes & Mauritz
Bare facts
Financial performance
Figure 11: H&M Hennes & Mauritz: Group financial performance, 2001-05
Products
Figure 12: H&M: Own-brand portfolio, 2006
E-commerce
Store portfolio
Figure 13: H&M Hennes & Mauritz: Outlet data, 2001-05
Germany
Sweden
UK
Figure 14: Hennes & Mauritz: Sales per outlet by country, 2004/05
What does the future hold?
