The Western European Electricity Market Outlook 2006: Country profiles of supply, demand, regulation and infrastructure

The Western European Electricity Market Outlook 2006: Country profiles of supply, demand, regulation and infrastructure

The changes in Western Europe's electricity markets stemming from liberalisation, EU enlargement, new market entrants and environmental issues continue to drive dynamism in the market. The Western European Electricity Market Outlook 2006 is a new management report that provides a comprehensive examination of the electricity market landscape in each of the major Western European markets and predicts future market trends. This report also provides an in-depth analysis of 17 highly dynamic Western European electricity markets, with detailed data on supply and demand balances and coverage of the implementation of the EU Electricity Directive. The country profiles also feature an overview of supply and demand, an examination of key governmental, legal and political influences on the sector and an analysis of international trading and infrastructure. Use the detailed analysis in this new report to exploit emerging profitable opportunities for investment.

TABLE OF CONTENTS
CHAPTER 1 EXECUTIVE SUMMARY 18
Key Findings 18
Main Conclusions 19
CHAPTER 2 MARKET ANALYSIS 25
Market Definition & Sales Trends 25
Sales & Inflation Trends 29
Key Product Shares 30
Space and Sales Densities 33
Share of Non-food Sales 34
CHAPTER 3 COMPANY DATA ANALYSIS 36
Market Shares 36
Sales & Space Growth 41
Sales & Operating Profit Densities 42
Key Operating Statistics 46
Space Allocation 47
Advertising Media Expenditure 50
OUTLOOK 54
Key Issues 54
Solutions 61
CHAPTER 4 BEALES 68
Company Overview 68
Market Share 69
Trading Record 70
Year to October 2005 70
Current Trading 71
Store Portfolio 72
Retail Proposition 73
Space Allocation 74
Management, Marketing & Operations 76
Outlook 76
CHAPTER 5 DEBENHAMS 78
Company Overview 78
Market Share 79
Trading Record 80
Year to August 2006 80
Current Trading 81
Store Portfolio 81
Retail Proposition 83
Space Allocation 84
Management, Marketing & Operations 86
Outlook 87
CHAPTER 6 FENWICK 89
Company Overview 89
Market Share 90
Trading Record 91
Year to January 2006 91
Store Portfolio 92
Retail Proposition 94
Space Allocation 95
Management, Marketing & Operations 97
Outlook 97
CHAPTER 7 HARRODS 99
Company Overview 99
Market Share 100
Trading Record 101
Year to January 2006 102
Current Trading 102
Retail Proposition 104
Space Allocation 106
Management, Marketing & Operations 109
Outlook 110
CHAPTER 8 HARVEY NICHOLS 112
Company Overview 112
Market Share 113
Trading Record 114
Year to March 2006e 114
Current Trading 115
Store Portfolio 116
Retail Proposition 117
Space Allocation 118
Management, Marketing & Operations 119
Outlook 120
CHAPTER 9 HOUSE OF FRASER 122
Company Overview 122
Market Shares 123
Trading Record 124
Year to January 2006 124
Current Trading 125
Store Portfolio 125
Retail Proposition 127
Space Allocation 129
Management, Marketing & Operations 133
Outlook 134
CHAPTER 10 JOHN LEWIS 135
Company Overview 135
Market Share 136
Trading Record 137
Year to January 2006 137
Current Trading 138
Store Portfolio 139
Retail Proposition 141
Space Allocation 142
Management, Marketing & Operations 144
Outlook 145
CHAPTER 11 MARKS & SPENCER 147
Company Overview 147
Market Share 148
Trading Record 149
Year to March 2006 149
Current Trading 150
Store Portfolio 151
Retail Proposition 152
Space Allocation 153
Management, Marketing & Operations 154
Outlook 156
CHAPTER 12 SELFRIDGES 158
Company Overview 158
Market Share 159
Trading Record 160
Year to January 2006 160
Store Portfolio 162
Retail Proposition 163
Space Allocation 164
Marketing & Operations 166
Outlook 167
CHAPTER 13 TJ HUGHES 169
Company Overview 169
Market Share 170
Trading Record 171
Year to January 2006 171
Current Trading 171
Store Portfolio 172
Retail Proposition 174
Space Allocation 175
Marketing & Operations 177
Outlook 178
CHAPTER 14 GLOSSARY 180
`Market Definition 180
Financial Statistics – VAT 180
Trading Profile 180
Key Operating Ratios 180
Physical Development 181
Abbreviations 181


LIST OF TABLES
Table 1: Department store sales 1996-2006e 25
Table 2: Department store sales (ex M&S) 1996-2006e 26
Table 3: Department stores sales breakdown by product (excl M&S food sales) 2001 and 2006e 30
Table 4: Department store key products share of each sector 2001 & 2006e 31
Table 5: Department store space and sales densities 1996-2006 33
Table 6: Department store retailers market shares 2001-2006e 37
Table 7: Department stores key operating statistics 2005/06 46
Table 8: Department stores (B to F) space allocation 2006 47
Table 9: Department stores (H to J) space allocation 2006 48
Table 10: Department stores (M to T + average) space allocation 2006 49
Table 11: Department store retailers advertising spend 2001-2005 50
Table 12: Department store ad spend as a % of sales 2001-2005* 50
Table 13: Department store retailers advertising spend breakdown 2005 51
Table 14: Department store retailers advertising spend as % of total 2005 52
Table 15: Beales company overview 2006 68
Table 16: Beales key operating statistics 2000-2006e 69
Table 17: Beales trading record 1995-2006e 70
Table 18: Beales store portfolio 1995-2006 72
Table 19: Beales store locations November 2006 72
Table 20: Beales retail proposition 2006 73
Table 21: Beales space allocation 2006 74
Table 22: Debenhams company overview 2006 78
Table 23: Debenhams key operating statistics 2001-2006e 79
Table 24: Debenhams trading record 1996-2006 80
Table 25: Debenhams UK store portfolio 1995-2006e 81
Table 26: Debenhams retail proposition 2006 83
Table 27: Debenhams space allocation 2006 84
Table 28: Fenwick company overview 2006 89
Table 29: Fenwick key operating statistics 2001-2006 90
Table 30: Fenwick trading record 1995-2006 91
Table 31: Fenwick store portfolio 1996-2006 92
Table 32: Fenwick store locations, November 2006 93
Table 33: Fenwick retail proposition 2006 94
Table 34: Fenwick space allocation 2006 95
Table 35: Harrods company overview 2006 99
Table 36: Harrods key operating statistics 2002-2007e 100
Table 37: Harrods trading record 1997-2007e 101
Table 38: Harrods store portfolio 1997-2007e 103
Table 39: Harrods retail proposition 2006 104
Table 40: Harrods space allocation 2006 106
Table 41: Harvey Nichols company overview 2006 112
Table 42: Harvey Nichols key operating statistics 2001-2006e 113
Table 43: Harvey Nichols department stores trading record 1997-2006e 114
Table 44: Harvey Nichols UK store portfolio 1997-2006e 116
Table 45: Harvey Nichols UK & Ireland store locations September 2006 116
Table 46: Harvey Nichols retail proposition 2006 117
Table 47: Harvey Nichols space allocation 2006 118
Table 48: House of Fraser company overview 2006 122
Table 49: House of Fraser key operating statistics 2002-2007e 123
Table 50: House of Fraser trading record 1997-2007e 124
Table 51: House of Fraser store portfolio 1996-2007e 125
Table 52: House of Fraser confirmed opening plans to 2010 126
Table 53: House of Fraser retail proposition 2006 127
Table 54: House of Fraser space allocation 2006 129
Table 55: Beatties space allocation 2006 131
Table 56: John Lewis company overview 2006 135
Table 57: John Lewis key operating statistics 2002-2007e 136
Table 58: John Lewis Stores trading record 1997-2007e 137
Table 59: John Lewis store portfolio 1996-2006 139
Table 60: John Lewis opening plans 2007-2012 139
Table 61: John Lewis relocation plans 2007-2009 140
Table 62: John Lewis retail proposition 2006 141
Table 63: John Lewis space allocation 2006 142
Table 64: Marks & Spencer company overview 2006 147
Table 65: Marks & Spencer key operating statistics 2001-2006 148
Table 66: Marks & Spencer UK trading record 1995-2006 149
Table 67: M&S store portfolio 1996-2006 151
Table 68: Marks & Spencer retail proposition 2006 152
Table 69: Marks & Spencer space allocation 2006 153
Table 70: Selfridges company overview 2006 158
Table 71: Selfridges key operating statistics 2001-2006e 159
Table 72: Selfridges trading record 1997-2007e 160
Table 73: Selfridges store portfolio 1997-2007e 162
Table 74: Selfridges retail proposition 2006 163
Table 75: Selfridges space allocation 2006 164
Table 76: TJ Hughes company overview 2006 169
Table 77: TJ Hughes key operating statistics 2002-2007e 170
Table 78: TJ Hughes trading record 1997-2007 171
Table 79: TJ Hughes store portfolio 1996-2007e 172
Table 80: TJ Hughes retail proposition 2006 174
Table 81: TJ Hughes space allocation 2006 175


LIST OF FIGURES
Figure 1: Department store sales growth including and excluding Marks & Spencer 2001-2006e 27
Figure 2: Department store sales growth vs total retail sales and non-food retail sales 2001-2006e 28
Figure 3: Department store inflation/deflation trends 1996-2006e 29
Figure 4: Department stores space, value and l-f-l growth % 2001-2006e 34
Figure 5: Department store sales as % share of non-food sales 2001-2006e 34
Figure 6: Department store market shares 2001 and 2006e 36
Figure 7: Winners and losers in department stores % market share 2006e on 2005 39
Figure 8: Sales growth vs space growth % (adjusted to calendar years) 2001-2006e 41
Figure 9: Department stores sales density comparison 2005/06 (nearest financial year) 43
Figure 10: Department stores operating profit density comparison 2005/06 (nearest financial year) 44
Figure 11: Department stores operating profit density 2004/05 and 2005/06 (nearest financial year) 45
Figure 12: Department store key issues 2007 54
Figure 13: Department store and grocers non-food growth 2001-2006e 56
Figure 14: Department store and grocers non-food sales value 2001-2010 57
Figure 15: Department store and grocers share of non-food sales value 2006 58
Figure 16: Department store and grocers planned share of non-food sales value 2010 59
Figure 17: Department store growth opportunities 2007 61
Figure 18: Department store space 2001-2012 (planned) 65
Figure 19: Required spend per head to keep department store sales densities steady, based on planned expansion 2007-12 66
Figure 20: Beales market share 2001-2006e 69
Figure 21: Beales space allocation 2001-2006 74
Figure 22: Beales fashion space allocation 2001-2006 75
Figure 23: Beales home space allocation 2001-2006 75
Figure 24: Debenhams market share 2001-2006e 79
Figure 25: Debenhams space allocation 2001-2006 85
Figure 26: Debenhams fashion space allocation 2001-2006 85
Figure 27: Debenhams home space allocation 2001-2006 86
Figure 28: Fenwick market share 2000-2006e 90
Figure 29: Fenwick space allocation 2001-2006 95
Figure 30: Fenwick fashion space allocation 2001-2006 96
Figure 31: Fenwick home space allocation 2001-2006 96
Figure 32: Harrods market share 2001-2006e 100
Figure 33: Harrods space allocation 2001-2006 106
Figure 34: Harrods fashion space allocation 2001-2006 107
Figure 35: Harrods home space allocation 2001-2006 108
Figure 36: Harvey Nichols market share 2001-2006e 113
Figure 37: Harvey Nichols space allocation 2001-2006 118
Figure 38: Harvey Nichols fashion space allocation 2001-2006 119
Figure 39: Harvey Nichols home space allocation 2001-2006 119
Figure 40: House of Fraser & Beatties market shares 2001-2006e 123
Figure 41: House of Fraser space allocation 2001-2006 129
Figure 42: House of Fraser fashion space allocation 2001-2006 130
Figure 43: House of Fraser home space allocation 2001-2006 130
Figure 44: Beatties space allocation 2001-2006 131
Figure 45: Beatties fashion space allocation 2001-2006 132
Figure 46: Beatties home space allocation 2001-2006 132
Figure 47: John Lewis market share 2001-2006e 136
Figure 48: John Lewis space allocation 2001-2006 143
Figure 49: John Lewis fashion space allocation 2001-2006 143
Figure 50: John Lewis home space allocation 2001-2006 144
Figure 51: Marks & Spencer market share 2000-2006e 148
Figure 52: Marks & Spencer space allocation 2001-2006 153
Figure 53: Marks & Spencer fashion space allocation 2001-2006 154
Figure 54: Selfridges market share 2001-2006e 159
Figure 55: Selfridges space allocation 2001-2006 165
Figure 56: Selfridges fashion space allocation 2001-2006 165
Figure 57: Selfridges home space allocation 2001-2006 166
Figure 58: TJ Hughes market share 2001-2006e 170
Figure 59: TJ Hughes space allocation 2001-2006 175
Figure 60: TJ Hughes fashion space allocation 2001-2006 176
Figure 61: TJ Hughes home space allocation 2001-2006 176