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European Retail Briefing - July 2018

ANALYST COMMENT – RETAILERS SEE POTENTIAL IN THE PET MARKET IN FRANCE
What we've seen
A market with potential
Figure 1: France: pet food retail market size, 2009-21(f)
Figure 2: Selected European countries: types of pet owned, 2017
Humanising our pets
Figure 3: France: attitudes towards pets, 2017
Figure 4: France: pet food interested in buying, 2017
The key retailers
Online retailers – Growth at any price
Pet stores – The race for critical mass
Garden centres – Reducing dependency on core competencies and seasonality
What it means
EUROPEAN RETAIL SALES
Key points
Figure 5: Major European economies: year-on-year retail sales value growth, 2017-18
Figure 6: Major European economies: year-on-year retail sales volume growth, 2017-18
Inflation
Figure 7: Major European economies: all items CPI, 2017-18
Figure 8: Major European economies: food price inflation, 2017-18
LAUNCH ACTIVITY AND INNOVATIONS
France: Casino and L’Oréal to develop new beauty concept store
France: Carrefour to be available on Google Assistant
Italy: Nova Coop adds in-store nutritional advice service
France: H&M opens its largest French store
Germany: Dr Martens to open first German store
HEADLINES FOR THE MONTH
Convenience stores
Grocers
Clothing retailing
Footwear retailing
Mixed Goods retailing
DIY retailing
Electrical retailing
Furniture retailing
Home Shopping
NEWS ANALYSIS – FOOD AND DRINK
 CO-OPS
UK: The Co-op
…£15m bid for Costcutter rejected
…buys four Little Waitrose stores
 CONVENIENCE STORES
Malta: Spar opens first store in Malta
 GROCERS
France: Auchan, Casino, Schiever and Metro form new purchase alliance
France: French food brand to launch boutique hotels
Italy: Conad sales reach €13 billion in 2017
Italy: Gruppo VéGé reports continued sales growth
Netherlands: Jumbo opts for laser labelling
Sweden: Coop to use electric trucks for food deliveries
UK: Asda launches online nutritional search tool
UK: Iceland
…launches tech start-up collaborator program
…trialling initiative to scrap plastic bags
…sales up in 2017
UK: Lidl to create 300 new jobs in Scotland
UK: Sainsbury's
…extends partnership with Patisserie Valerie to more bakery counters
…retail sales rise 0.8%
UK: Tesco
…testing new checkout-free Scan Pay Go app
…and Carrefour create global strategic alliance
…UK chief executive steps down due to illness
…drop brand guarantee
…group like-for-likes up in Q1
 OFF-LICENCES
UK: Majestic Wine full year sales grow thanks to Naked Wines
NEWS ANALYSIS – CLOTHING AND FOOTWEAR 
Denmark: Uniqlo to open its first store in Denmark
Europe: H&M profits fall in first half the year
France: Chanel releases financial result for first time ever
Germany: Takko Fashion revenue up 3.3% in Q1
Netherlands: Men At Work declared bankrupt
Spain: Inditex sales up 2% in Q1
Sweden: H&M
…local currency sales remain flat for second quarter in a row
…to debut first ever lingerie collaboration
UK: Anthropologie appoints Peter Ruis
UK: AX | Armani Exchange opens standalone store in Liverpool ONE
UK: Bonmarché
…profits increase alongside sales dip
…cuts 140 jobs
UK: Calvetron Brands
…to close 102 Jacques Vert and Precis concessions
…to close all remaining concessions
UK: Edinburgh Woollen Mill withdraws Wyevale takeover bid
UK: Henri Lloyd survives administration but sells five stores
UK: Matalan reveals strong first quarter revenue growth
UK: Matchesfashion launches homeware range
UK: Mothercare to ramp up store closures
UK: Mulberry profits up 36% as it announces South Korea expansion
UK: New Look reports underlying operating loss of £74.3 million
UK: Next to introduce wedding dress concession
UK: Primark reveals 7% uplift in sales during Q3
UK: Superdry delivers double-digit growth in 2017
UK: Ted Baker revenues up 4.2%
Germany: Dr Martens to open first German store
UK: Clarks boss resigns
UK: Footasylum revenues jumps by a third in full year results
UK: Karen Millen signs footwear deal with Pentland Brands
NEWS ANALYSIS – MIXED GOODS RETAILING
Netherlands: HEMA sees turnover growth for Q1
UK: Poundland
…founder reportedly considering a return to the high street
…first-half like-for-like sales up
…to trade Pep&Co in 300 locations
UK: The Original Factory Shop
…CVA gets the go-ahead
…set to close 32 stores
UK: Poundworld
…enters administration
…to cut 98 head office staff
…to start ‘closing down’ sales
NEWS ANALYSIS – MULTI-SECTOR RETAILING
UK: Argos launches augmented reality for TV buying
UK: M&S
…decides not to publish interim results
…and Microsoft launch strategic partnership
…may drop its Per Una brand
 DEPARTMENT STORES
Germany: Karstadt and Kaufhof owners discuss an alliance
…preliminary agreement in Kaufhof Karstadt merger
UK: House of Fraser
…rescue plan faces vote
…gains breathing space from lenders
…CVA voted through
UK: Debenhams
…issues third profit warning of 2018
…offers space to local food producers
UK: Harvey Nichols rolls out omni-channel tech platform
UK: John Lewis
…sets out plan for the future
…trials clothing buyback scheme
…selects finalists to join retail tech innovation programme
…unveils rebrand
NEWS ANALYSIS – HOUSEHOLD GOODS
 DIY RETAILING
France: Cdiscount and Mr.Bricolage announce a strategic partnership
France: Leroy Merlin opens new Paris store
Spain: Leroy Merlin unveils new urban store concept
UK: Homebase to cut over 300 head office jobs
UK: Topps Tiles reports like-for-likes decline of 2.3% in Q3
UK: Screwfix opens first net zero energy store
 ELECTRICAL RETAILING
France: FNAC Darty makes a bid for Grande Récré
Netherlands: Fnac Darty joins forces with Wehkamp in the Netherlands
Russia: Ceconomy sells Russian business
UK: Dixons Carphone profit before tax falls 23.6%
 CARPET RETAILING
UK: Carpetright reports drop in sales and profit
 FURNITURE RETAILING
Austria: Steinhoff sells Austrian businesses
UK: Dunelm digital director leaves role
UK: Habitat to open two new standalone stores
UK: Mattressman closes over half of its stores
UK: Steinhoff posts a loss of €599 million
NEWS ANALYSIS – ONLINE RETAILING
Europe: Vente Unique Group announce 92% leap in net profits
France: Cdiscount reveals international expansion plans
France: Allobébé declares bankruptcy
France: French Government considers e-commerce tax
Italy: Amazon Business set to launch in Italy and Spain
Netherlands: Fnac Darty joins forces with Wehkamp in the Netherlands
UK: Amazon launches Home Services offering in the UK
UK: ASOS
…bans mohair, silk and cashmere products
…US Supreme Court tax decision hits ASOS share price
UK: Boohoo
…launches collaboration with Paris Hilton
…sales up 53% in Q1
UK: Kleeneze IP bought by Ultimate Products
UK: N Brown product revenue falls in Q1 as store closures considered
UK: Ocado first-half revenue up, but earnings down
UK: Trouva expands into Germany
NEWS ANALYSIS – OTHER RETAIL
 HEALTH & BEAUTY RETAILING
Spain: Douglas to close 60 stores
UK: Superdrug profits and sales up
 PET PRODUCTS
France: Tom&Co targets 100 stores in France
 SPORTS AND LEISURE GOODS RETAILING
UK: Foot Locker opens largest European store in Liverpool
UK: JD Sports continues expansion and sales are on track
UK: Sports Direct disposes of Finish Line and acquires stake in Iconix
 JEWELLERS
UK: Aurum Holdings prepares for flotation
 TOYS AND GAMES RETAILING
Belgium: La Grande Récré closes Belgian stores
UK: Games Workshop full year results sees £5 million bonus for staff
 MISCELLANEOUS SPECIALIST RETAILING
France: Tom&Co targets 100 stores in France
NEWS ANALYSIS – ECONOMY
UK: BRC
…reports decline in non-food prices
…like-for-like retail sales up 1.1% in June 2018
…footfall begins to improve in May
UK: Hammerson reportedly undergoing strategy review
UK: May retail sales up 6.3%
UK: Pride in London opens pop-up shop in Soho

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