Retailing in France 2008

Retailing in France 2008

Introduction

Verdict Research: French retailing is entering a new phase. Due to recent debates about purchasing power, the liberalisation of the regulatory background has become a distinct possibility, presenting new opportunities for retailers. Compared to other countries in the EU such as the UK, Germany and Spain, the long term outlook for retailing in France looks relatively healthy.

Scope

CHAPTER 1 EXECUTIVE SUMMARY 6
Key Findings 6
Main Conclusions 8
CHAPTER 2 FRANCE - ECONOMIC OVERVIEW 13
Key Findings 13
Main Messages 14
GDP 16
Inflation 18
Interest Rates 20
Employment 22
Population Growth by Country: France vs EU25 24
CHAPTER 3 FRENCH RETAIL MARKET 25
French Retail Market Size 25
CHAPTER 4 FOOD & GROCERY 27
Market Summary 27
Recent Developments & Trends 35
Shares of Grocery Retailers in France 41
Outlook for Grocery Retailing in France 42
CHAPTER 5 CLOTHING & FOOTWEAR 46
Recent Developments & Trends 48
Shares of Clothing Retailers in France 51
Department Stores 54
Recent Developments & Trends 57
Outlook for Clothing Retailing in France 58
CHAPTER 6 DIY 61
Recent Developments & Trends 64
Shares of DIY Retailers in France 65
Outlook for DIY Retailing in France 69
CHAPTER 7 ELECTRICALS 72
Recent Developments & Trends 75
Shares of Electricals Retailers in France 77
Outlook for Electricals Retailing in France 80
CHAPTER 8 FURNITURE 83
Market sizes in France 83
Recent Developments & Trends 85
Market Shares of Leading Furniture Retailers in France 88
Outlook for Furniture Retailing in France 91
CHAPTER 9 OUT-OF-TOWN RETAILING IN FRANCE 93
Country Analysis 93
Retail Warehouse Space 94
Legislation and Planning Issues 95
Retail Warehouse Parks 96
Outlook 97
CHAPTER 10 STRATEGIC ISSUES 99
Legislation 99
Loi Raffarin 100
Loi Galland 100
Loi Dutreil 102
Arrested Development of the Hypermarket 103
Opportunities 109
Green Retailing 110
The arrival of organic supermarkets 110
Ethical initiatives 111
Legislative Changes 113
Liberalisation - what has happened so far? 113
Liberalisation - what is going to happen? 114
Loi Raffarin 114
Loi Galland 115
Employment 116
Internet 117
Private Label development 121
Outlook 124
CHAPTER 11 GLOSSARY 126
Definitions 126
Abbreviations 127
List of Tables
Table 1: French retail market sizes 2000-2007e 25
Table 2: France grocery retail snapshot 2002-07 27
Table 3: France % share of value sales by format 2002-07 28
Table 4: France % change in value sales by format 2002-07 28
Table 5: France grocery market share 2007e 41
Table 6: French clothing expenditure & specialist sales 2002-2007e 46
Table 7: French clothing specialists 2002-2007e 46
Table 8: France clothing specialists market shares 2007e 51
Table 9: France DIY expenditure & specialist sales 2002-2007e 61
Table 10: France DIY specialists 2002-2007e 61
Table 11: France DIY market shares 2007e 65
Table 12: France electricals expenditure & specialist sales 2002-2007e 72
Table 13: France electricals specialists 2002-2007e 72
Table 14: France electricals market shares 2007e 77
Table 15: France furniture expenditure & specialist sales 2002-2007 83
Table 16: France furniture specialists 2002-2007e 83
Table 17: France furniture market shares 2007e 88
Table 18: France OOT sales 2002-2007e 93
Table 19: France OOT selling space 2002-2007 94
Table 20: Leading retail warehouse parks by space 2007 96
List of Figures
Figure 1: France GDP 1999-2009 16
Figure 2: France GDP forecast 2007, 2008e & 2009e 17
Figure 3: France vs EU HICP inflation 2002-2007 18
Figure 4: ECB interest rates 2001-07 20
Figure 5: Total unemployment France vs EU15, 27 2002-2007 22
Figure 6: Forecast population growth (%) France vs EU25 - 2015 on 2005 24
Figure 7: Auchan, Soisy, 2008 31
Figure 8: E.Leclerc, Soisy, 2008 32
Figure 9: Monoprix, Soisy, 2008 33
Figure 10: Champion, Boulogne sur Mer, 2008 34
Figure 11: 1,2,3 and M&S Mode, Calais, 2008 47
Figure 12: Pimkie, Etam, Mim, Boulogne-sur-Mer, 2008 50
Figure 13: Etam, Boulogne-sur-Mer, 2008 53
Figure 14: Galeries Lafayette and Printemps flagship department stores, Paris 2007 54
Figure 15: BHV Homme and Madelios, male department stores, Paris 57
Figure 16: Castorama, Soisy, 2008 63
Figure 17: Bricorama, Soisy, 2008 64
Figure 18: Leroy Merlin, Calais, 2008 67
Figure 19: Kingfisher's French operations: Castorama and Brico Dépôt 68
Figure 20: Leading electricals specialists in France 74
Figure 21: Saturn, Eragny, 2008 75
Figure 22: Darty, Calais, 2008 78
Figure 23: Conforama, Calais, 2008 79
Figure 24: Casa, Boulogne-sur-Mer, 2008 85
Figure 25: Conforama, Calais, 2008 89
Figure 26: IKEA, Franconville Paris, 2008 90
Figure 27: France Strategic Issues 2008 99
Figure 28: Carrefour and Casino hypermarket sales densities 2000-2007 103
Figure 29: Carrefour and Casino hypermarket selling space 2000-2007 104
Figure 30: Carrefour and Casino hypermarket sales per store 2000-2007 104
Figure 31: Auchan, Calais, 2008 107
Figure 32: Carrefour, Calais, 2008 108
Figure 33: Opportunities for French retailers 2008/9 109
Figure 34: Naturéo, 2008 110
Figure 35: Leading e-tailers in France 118
Figure 36: Carrefour, Calais, 2008 121
Figure 37: France retail sales forecast 2002-2012 124