European Retail Briefing - September 2012

Published by: Mintel International Group Ltd.

Published: Sep. 1, 2012 - 87 Pages

Table of Contents

ANALYST COMMENT

CONVENIENCE STORE INNOVATION IN GERMANY

New fascia

Structure of the market

Figure 1: Leading discounters’ aggregate share of grocery sector sales, 2008-10

Demographic trends and consumer attitudes

Figure 2: Germany: Total population, 2007-11

Figure 3: Germany: One-person households as percentage of all households, 2007-11

Figure 4: Germany: Cooking style, May 2012

And yet…

What we think

HEADLINES FOR THE MONTH

Convenience stores

Grocers

Other food specialists

Clothing retailing

Footwear retailing

Mixed goods retailing

Multi-sector retailing

Department stores

Music and video goods retailing

Electrical retailing

Furniture retailing

Home shopping

Health and beauty retailing

Sports and leisure goods retailing

Garden centres

Economy

RETAIL SALES REVIEW

Key points

FRANCE

Figure 5: France: Retail Sales, 2011-12

Inflation

Figure 6: France: Inflation, 2011-12

GERMANY

Figure 7: Germany: Retail Sales trends, 2011-12

Inflation

Figure 8: Germany: Inflation, 2011-12

ITALY

Figure 9: Italy: Retail sales trends, 2011-12

Inflation

Figure 10: Italy: Inflation, 2011-12

NETHERLANDS

Figure 11: The Netherlands: Retail sales trends, 2011-12

Inflation

Figure 12: The Netherlands: Inflation, 2011-12

SPAIN

Figure 13: Spain: Retail sales trends, 2011-12

Inflation

Figure 14: Spain: Inflation 2011-12

UK

Figure 15: UK: Retail sales trends, 2011-12

Inflation

Figure 16: UK: Inflation, 2011-12

NEWS ANALYSIS

CONVENIENCE STORES

UK: Costcutter

…reports 4% rise in sales in H1

…appoints former head of Clintons as new CEO

Spar to roll out second phase of S Budget range

GROCERS

Belgium: Delhaize releases second quarter results

France: Auchan Groupe reports growth

France: Carrefour

…reports 8.2% decline in profit in H1

…faces tough decisions

…to make redundancies as part of turnaround plan

Germany: Metro looks to sell Real grocery stores

UK: Asda

…announces small like-for-like sales rise

…launches baby site

…Asda and Sainsbury's see market growth

UK: Booths begins roll-out of new store format

UK: Iceland appoints new international business director

UK: Morrisons

…launches new voucher scheme

…sales figures expected to be down

…reports 0.9% fall in like-for-likes

…urges consistency in food labelling

UK: Tesco

…acquires eBook platform provider

…announces new food delivery offer

…sale and leaseback deal

…green light for new store and homes development

…launches in-store Disc-on-Demand service

…reveals improved food labelling

…secures planning consent for Norfolk store

UK: Waitrose set for growth

UK: Co-op profits tumble 16%

OTHER FOOD SPECIALISTS

France: Success for Warburtons in France

UK: Julian Graves disappears from the high street

UK: Hotel Chocolat to open more stores

CLOTHING RETAILING

Europe: Van de Velde reports 8% fall in net profit

France: Lancel appoints D&G director as new CEO

UK: Jane Norman to close its London headquarters

UK: Ann Summers launches interactive lingerie app

UK: Aquascutum hunts for new London flagship

UK: Arcadia to change sourcing strategy

UK: Armani Exchange to open in Wales

UK: Barnardo’s introduces high fashion charity store

UK: Bestseller to open four new Jack & Jones stores in the UK

UK: Blue Inc set for international expansion

UK: Burberry opens new Regent Street store

UK: Eileen Fisher plans to increase presence in UK

UK: Fat Face reports 7% increase in sales and steadying profits

UK: Fred Perry receives damages from Arcadia

UK: H&M reports 2% rise in like-for-like sales

UK: Hackett to re-launch ecommerce platform

UK: J Crew in process of securing first UK store

UK: Jack Wills appoints former marketing boss of Vodafone for new role

UK: Jacques Vert to merge Irisa HQ with London head office

UK: Jaeger sales rise thanks to Better Capital

UK: New Look restarts hunt for chief executive

UK: Primark reports 17% boost in sales

UK: Rampant Sporting goes up for sale

UK: Reiss launches revamped website

UK: Republic attracts premium menswear brands in upmarket repositioning move

UK: River Island set to launch accessories range designed by bloggers

UK: Select to launch new label targeting mid-market

UK: SuperGroup co-founder exits

UK: The Original Factory Shop to add fashion and footwear to its online range

UK: Topman in search for new managing director

UK: Whistles buys back shares from Icelandic government

UK: White Stuff

…pre-tax profits fall 81%

…to launch new smart range

UK: Longchamp to open new store

FOOTWEAR RETAILING

Switzerland: MBT parent rescued from administration

UK: Clarks to launch collection in Debenhams

UK: Kurt Geiger to close stores

MIXED GOODS RETAILING

UK: Poundstretcher’s chief executive steps down after three months

UK: Poundworld takes store count to 200

UK: Wilkinson

…reports 62.6% fall in pre-tax profit

…reveals new store format

…asks staff to take voluntary drop in hours

MULTI-SECTOR RETAILING

Europe: Boxpark to open in Amsterdam

UK: Matalan to invest in multichannel and ecommerce operations

UK: Westfield’s H1 net profit boosted to £534.4 million

UK: M&S

…poaches senior House of Fraser executive

…to sell wine and clothing with iPads

…focuses on digital

…introduces contactless payment in London stores

DEPARTMENT STORES

Europe: El Corte Inglés and AMS Sourcing unite

Ireland: Clerys may be acquired by Gordon Brothers

Russian Federation: Debenhams set to open new store in Russia

UK: Allders to close

UK: Debenhams

…expands footwear range

…reports boost in homeware and furniture sales

UK: John Lewis

…and M&S to open at new development in York

…announces further details for pop-up shop

…given the go ahead for new Essex store

…to open first flexible department store

UK: M&Co welcomed by House of Fraser

MUSIC AND VIDEO GOODS RETAILING

UK: HMV

…to become "portable entertainment" specialist through partnerships with digital firms

…to launch web-based in-store service, myhmv

…to open new format store with café and wi-fi

ELECTRICAL RETAILING

France: Darty chairman to leave earlier than expected

UK: Carphone Warehouse

…introduces mobile payments app

…appoints new retail director

UK: Dixons

…increases Pixmania stake

…reports positive first quarter results

UK: Everything Everywhere strikes deal with Mastercard for mobile payments

UK: Jessops appoints new Chief Operating Officer

FURNITURE RETAILING

UK: Bathstore to be transformed into omnichannel business

UK: Dwell focuses on multichannel offer with appointment of new director

UK: Jysk to expand in the UK

HOME SHOPPING

UK: Amazon

…2000+ jobs at new fulfilment centres

…launches Amazon Local daily deals site

…launches Appstore in Europe

…to deliver parcels to corner shops and newsagents

UK: EBay reports 28.2% boost in sales volume

UK: Farfetch.com signs two new stores as part of strategic growth plans

UK: Ocado

…announces plan to stimulate growth through price war

…defends itself after analysts raise banking concerns

UK: Play.com

…generates £2 million sales through Facebook

…to encourage consumer interaction with social media loyalty scheme

UK: Social shopping expected to rise 44% by 2014

UK: Wiggle reports record week following British cycling success

HEALTH AND BEAUTY RETAILING

Germany: Celesio improves H1 results following revaluation of units

UK: Boots partners with Musgrave to launch new food offer

BOOK AND STATIONERY RETAILING

UK: Discount bookseller reports sales growth

UK: WHSmith’s full-year results expected to be at top end of market expectations

SPORTS AND LEISURE GOODS RETAILING

UK: JD Sports to acquire OneTrueSaxon and dispose of Canterbury

UK: JJB

…given two weeks to submit survival plan

…shareholder Dick's writes off investment

…up for sale

…is eyed by Jon Moulton's Better Capital

…second largest shareholder reduces stake in the business

…founder eyes 40 stores

…founder raises concerns over retailer’s future

…Jon Moulton pulls out of the race to buy JJB

…more than ten companies in the running for JJB

UK: Sports Direct sales reports strong sales

GARDEN CENTRES

UK: Next begins garden centre roll out

UK: Tesco’s Dobbies Garden Centres reports 22% sales boost

TOYS AND GAMES RETAILING

UK: The Entertainer reports 12.3% like-for-like sales boost

MISCELLANEOUS SPECIALIST RETAILING

UK: Mothercare

…unveils new revamped store

…welcomes Jools Oliver’s Little Bird range

ECONOMY

Europe: EU Labelling rules could put the brakes on UK exports

Germany: German retail sales fall 0.9%

UK: BRC

…urges business rates freeze for 2013

…e-crime is largest emerging threat to retail

…Q2 footfall figures show further decline

…Sunday trading reform losing momentum

…retail sales suffer during Olympics

UK: Government to invest £5.5 million in high street revival

UK: ONS

…inflation rises to 2.6% in July

…July retail sales up 0.5%

…weak sales forecast despite encouraging June

UK: July sees highest online growth of 2012

UK: Small stores call for supermarket tax

UK: Store total falls for first time in over a decade

UK: Government called on to change current pricing laws

UK: Vacancy rates rise to 14.6%

UK: Use of Contactless Payment technology is gaining momentum

LUXURY GOODS RETAILING

RICHEMONT

Figure 17: Richemont: Share of global luxury goods market, 2007-11

Strategic evaluation

Background

Company performance

Figure 18: Richemont: Group financial performance, 2007/08-2011/12

Figure 19: Richemont: Percentage of group revenues from retail operations, 2007/08-2011/12

Figure 20: Richemont: Contribution to group revenues, by region, 2007/08-2011/12

Figure 21: Richemont: Revenues, by region, 2007/08-2011/12

Figure 22: Richemont: Year-on-year growth in revenues for hard-luxury and soft-luxury goods, 2009/10-

2011/12

Figure 23: Richemont: Revenues, by product category, 2007/08-2011/12

Figure 24: Richemont: Financial performance, by operating segment, 2007/08-2011/12

Figure 25: Richemont: Outlet numbers, 2007/08-2011/12

Brands

E-commerce and social networks

Abstract

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