Table of Contents
Highlights: June 2004
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- Food retailers
- Clothing and footwear retailers
- Mixed goods
- Multi-sector retailers
- DIY
- Electricals
- Health & Beauty
- Music retailers
Commentary: Retailers Flock to Russia
Focus: The European Shopping Centre Sector
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- Introduction
- History
- Current situation
- The outlook for European shopping centres
- The retail leisure mix
- Taking advantage of increased leisure spending
- Madrid Xanadú: A model for future developments?
- Planning policies
- Regulations tight in much of Western Europe…
- ...though more relaxed in Eastern Europe
- Tenant mix
- More variety in anchor tenants
- Specialist malls emerge
Economic Data
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- Figure 1: Economic updates, June 2004
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News Analysis
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- General market developments
- France: Price cut deal agreed
- France: Year-on-year spending jumps in May
- Germany: More woe in May
- Germany: German court upholds Sunday trading ban
- Netherlands: No growth since March 2003
- Spain: Market takes a downturn
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- Figure 2: Spain: Retail sales growth in value terms, November 2003-May 2004
- Sweden: Non-food sales surge
- UK: More strong retail sales growth in May
- Food retailers
- Austria: Julius Meinl experiences tough Czech market
- Belgium: Colruyt profits soar
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- Figure 3: Colruyt Group: Operating profit, 1998/99-2003/04*
- Denmark: REMA 1000 and Edeka Danmark join forces
- Denmark: SuperBest and Prima merge
- France: Carrefour encounters difficult domestic market…
- …bids for remaining Spanish stake
- Germany: Aldi plans to enter Switzerland
- Germany: Edeka grows AVA stake
- Germany: Lidl launches in Hungary
- Germany: Senior management changes at Spar…
- …ready to battle with discounters…
- …Pfand gets a makeover
- Germany: Reshuffle at Rewe…
- …as Russian assault is drawn up
- Lithuania: VP Market expansion plans
- Lithuania: Iki looking for investment boost
- Netherlands: Disposals hit Ahold profits…
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- Figure 4: Royal Ahold: European retail division: Quarterly net sales growth, Q1 2003-Q1 2004
- …El Corte Inglés eyeing Ahold Spain?
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- Figure 5: Ahold Supermercados Spain: Store portfolio development, 1998-2003
- Sweden: Will Ahold have to splash out on ICA stake?
- Sweden: Coop Norden registers Q1 operating loss
- Switzerland: Bon appétit sells Magro…
- …and Lekkerland…
- …and reveals new Chief Executive
- Switzerland: Nine EPA stores to go
- Turkey: Migros still expanding
- UK: ASDA cuts spark fuel price war
- UK: First quarter joy for Tesco…
- …as it lays down the law
- UK: Majestic performance
- UK: Londis members back Musgrave bid…
- …turning down Lancelot approach
- UK: Morrisons considers selling smaller Safeway stores
- UK: Refurbished stores lift Somerfield
- Clothing and footwear retailers
- Austria: Wolford takes over management of stores
- Denmark: Dansk Supermarked sells Bugatti stores
- Germany: Adler exits Poland
- Germany: Gerry Weber in better shape after restructuring
- Germany: Sales dip at C&A
- Germany: S.Oliver shuts standalone Swiss units
- Germany: Big Star fading
- Germany: Hettlage exits Austria
- Italy: Benetton opens Berlin flagship
- Spain: Cortefiel takes full control of Werdin
- Spain: Inditex enjoys strong first quarter
- Spain: Mango lifts FY 2003
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- Figure 6: Mango: Store openings, first half 2004
- Sweden: Profits slip at Lindex
- Sweden: H&M teams up with Karl Lagerfeld…
- …first half results shine
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- Figure 7: H&M: Sales growth by European market*, second quarter 2004
- Sweden: RnB posts nine-month profit
- Sweden: Wedins acquires Sko City
- UK: Emma Somerset sold to management
- UK: Ethel Austin bought out
- UK: Forminster reports loss
- UK: Moss Bros like-for-like sales ahead
- UK: Peacock Group sales surge
- UK: Henri Lloyd to up European retail presence
- UK: Ted Baker “confident” on 2004/05
- UK: Karen Millen becomes part of Oasis Group
- UK: FCUK home market tough
- UK: Monsoon expands store network
- UK: Hobbs performing strongly
- UK: New owner to expand Ben Sherman’s retail network
- Mixed goods
- France: Acquisitions boost GiFi sales
- Sweden: Double-digit profit growth at Clas Ohlson
- UK: M&S backing Stuart Rose…
- …as bid deadline is set
- …final proposed bid is tabled and rejected…
- …and Rose attempts to keep shareholders on his side…
- …as first quarter trading disappoints
- Finland: Stockmann may sell Hobby Hall
- Germany: Media Markt to launch in Russia?
- Germany: Management shake-up at KarstadtQuelle…
- …Food JV with Rewe going ahead
- …KQ ownership set to change?
- Netherlands: Vendex feels the brunt of weak Dutch market…
- …as takeover nears completion
- Department stores
- France: Tati given more time
- UK: Harrods returns to form
- UK: Beales sees profits chill
- UK: HoF updates market on trading
- DIY retailers
- France: Leroy Merlin launches in Moscow
- Germany: Hornbach delivers strong Q1 results
- Hungary: OBI builds
- Poland: Alma sells DIY store
- Republic of Ireland: Woodies expanding chain
- Republic of Ireland: Dairygold outlines DIY future
- UK: Q1 profits jump at Kingfisher
- Electricals retailers
- Poland: Avans looks to claim ground from Media-Markt
- Sweden: 3 targets Denmark
- Switzerland: Mobilezone exits Germany
- UK: Dixons impresses with solid full-year results
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- Figure 8: Dixons Group: Full-year like-for-like sales growth, by chain, 2003/04
- UK: CPW enjoys strong 2003/04
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- Figure 9: CPW: International store network development, March 2003-March 2004
- Household goods and furniture retailers
- Italy: Natuzzi brings retail concept to Nordics
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- Figure 10: Natuzzi: Store openings, first half 2004
- Sweden: Profits triple at Hemtex
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- Figure 11: Hemtex: Operating profit, 2000/01-2003/04*
- UK: Home performing well for Laura Ashley
- UK: Courts dips into losses
- UK: Lord Kirkham plans DFS bid in July
- UK: JD Group selling BoConcept UK
- UK: Carpetright outperforms the competition
- Home shopping and online retail
- Germany: Otto experiences tough trading
- Health and Beauty
- France: Acquisitions boost Alain Afflelou sales
- UK: The Body Shop warns on profits
- Booksellers and stationers
- UK: Permira bid talks with WH Smith suspended
- France: Fnac to launch in Greece
- Germany: KQ considering options on WOM
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- Figure 12: WOM World of Music: Store locations
- UK: Strong performance at HMV
- US: iTunes comes to Europe
- Sports retailers
- France: Sport 2000 enjoys strong domestic growth
- Switzerland: INTERSPORT grows turnover
- Luxury goods
- France: New European stores planned at Hermès
- Switzerland: Richemont lifts full-year profit
- UK: Mulberry back in the black
- Jewellers
- Austria: Frey-Wille looks East
- UK: Theo Fennell sales glisten
- UK: Polished Q1 performance at Signet
- Hot property
- Executive appointments
- The FootFall Index
- UK
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- Figure 13: FootFall Shopping Centre Index (UK), June 2004
- Spain
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- Figure 14: FootFall shopping centre index (Spain), June 2004
Results at a Glance
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- Figure 15: Results: June 2004
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