Table of Contents
Analyst Comment – Plenty of Positives for Luxury Goods Despite the COVID-19 hit
European Retail Sales
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- Key points
- Retail sales
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- Figure 1: Major European economies: Year-on-year retail sales value growth, 2019-21
- Figure 2: Major European economies: Year-on-year retail sales volume growth, 2019-21
- Inflation
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- Figure 3: Major European economies: All items CPI, 2019-21
- Figure 4: Major European economies: Food price inflation, 2019-21
Launch Activity and Innovations
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- Poland: Zabka launches new parcel service
- France: Groupe Casino ‘rethinks’ its Monop concept to respond to changing consumer habits
- Germany: Online electronic retailer Coolblue to open first store in Germany
Headlines for the Month
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- Grocers
- Clothing retailing
- Department stores
- DIY retailing
- Electrical retailing
- Online
- Sports and leisure goods retailing
News Analysis – Food and Drink
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- Co-ops
- UK: Central England Co-op launch one-hour delivery services to 100 stores
- Grocers
- France: Carrefour
- ...hypermarkets sales up 4.3% in Q2
- ...to open 30 Supeco stores in 2021
- ...invests in express delivery start-up Cajoo
- Germany: Kaufland launches new online campaign targeting younger shoppers
- Italy: Carrefour rolls out Shop & Charge initiative for Fiat 500 owners
- Italy: Conad Adriatico earmarks €170.5 million of investment for new store openings
- Italy: Esselunga pledges to plant three million trees by 2030
- Italy: Maiora turnover grows 14% compared to pre-pandemic levels
- Sweden: ICA sales up 3.6% in July driven by convenience format
- UK: Aldi
- ...donate 1 million meals to charities over summer holidays
- ...trial fully recyclable packaging for its sandwiches
- UK: Iceland recruits 2,000 staff due to shortages
- UK: Leading supermarkets warn of trade disruptions in Northern Ireland due to Brexit protocol
- UK: Lidl
- ...pledge to increase sales for healthy products
- ...roll out self-scan app ‘Lidl Go’
- UK: Morrisons
- ...Fortress ups bid to £6.7 billion for Morrisons
- ...Morrisons expect counter bid from US private equity firm CD&R
- ...pilot checkout-less store technology at Bradford HQ
- Other food and drink specialists
- UK: Hotel Chocolat sales up 21% as it renegotiates rent for its UK stores
News Analysis – Clothing and Footwear
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- Clothing retailing
- Finland: Stockmann revenues up 21.4%
- France: Kering sales up 48.9% despite lockdowns
- France: LVMH sales up 14% following strong demand in all of its markets
- Germany: Hugo Boss expects group sales to grow 35% following the end to lockdown restrictions
- Italy: Prada sees revenues grow 60% thanks to stores reopening
- Netherlands: WE Fashion revenues down 28.7% due to store closures during the year
- Spain: Mango expects sales for 2020 to excess pre-COVID levels
- UK: Arcadia Group companies to be liquidated
- UK: Burberry sees comparable store sales rebound in Q1
- UK: Forever New opens first UK store
- UK: Joules sales up 4.3% as growth from online offset store closures
- UK: LK Bennett to roll out rental service
- UK: Mamas & Papas to double overseas sales next year as it unveils expansion plans
- UK: Matalan latest retailer to join government Kickstart scheme for young people
- UK: Mulberry sales up 4% thanks to digital performance
- UK: New Look revenues down 40.1% due to store closures
- UK: Next ups profit guidance as sales grow 18.6%
- UK: Philipp Plein to accept payment in cryptocurrency
- UK: Quiz quarterly sales jump 311.9% thanks to easing of lockdown restrictions
- UK: Sweaty Betty bought by US-based investor firm for £300m
- UK: The Restory to offer repairs for clothing
- UK: Victoria’s Secret set to trade separately from L Brands from August 2021
- Footwear retailing
- UK: Dr Martens sales up 52% following ‘encouraging’ recovery from reopened stores
- UK: Skechers sales up 127.3% as consumers returned to a ‘more normal lifestyle’
News Analysis – Mixed Goods
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- Multi-sector retailing
- Germany: Penny donates €1.35 million for communities affected by flooding
- UK: Marks & Spencer
- ...introduce same-day delivery for fashion purchases
- ...launches first-ever children’s book on sustainability
- ...warns Northern Ireland could see higher prices
- UK: Mike Ashley to step down from Frasers Group as profits fall 95.1%
- UK: Mothercare losses widen to £21.5 million due to temporary store closures
- UK: Poundland
- ...Q3 l-f-l up 21% as it opens 22 new stores
- ...launches frozen and chilled ranges to 40 more stores
- ...Pepco to create 13,000 jobs in Europe over the next three years
- Department stores
- Spain: El Corte Inglés sees sales grow 50.2% despite travel bans
- UK: Harrods reveals new beauty and salon offering
- UK: Harvey Nichols partners with technology firm Reflaunt for resale service
- UK: John Lewis Partnership to cut 1,000 jobs
- UK: Liberty London impacted by lockdowns
- UK: Selfridges
- ...to sell pre-loved bridal wear at wedding pop-up
- ...auction begins with bids expecting to reach £4bn
- ...celebrates Birmingham’s diverse community with new store facade
News Analysis – Household Goods
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- DIY retailing
- France: Mr Bricolage sees sales grow 27.3% in the first half of 2021
- Germany: Retailers show support for areas affected by floods
- UK: Homebase to create 300 new jobs for young people
- Electrical retailing
- France: Fnac Darty grows sales by 21.6% and ups its 2021 forecast
- Germany: Ceconomy sees turnover increase 7.3% driven by TVs and house appliances
- Furniture retailing
- UK: Dreams reveals new concept for Feather & Black
- Music and video goods retailing
- UK: HMV to open 10 new stores
- Homewares retailing
- UK: Dunelm sees sales rise 26% thanks to homewares
News Analysis – Online
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- France: Rakuten rewards second-hand purchases to its loyalty members
- Germany: HelloFresh
- ...launches new online Market for US shoppers
- ...to buy Australian ready-made meal supplier YouFoodz
- Germany: Zalando sees revenue grow 34% in Q2
- Sweden: Klarna acquires online start-up Hero
- UK: Amazon rival Imagr opens automated pop-up store
- UK: Asos
- ...sales up 21% driven by UK
- ...and Nordstrom team up for joint venture
- UK: Bloom & Wild acquires French Bergamotte
- UK: Eve Sleep revenues grow 13% thanks to rise in online shopping
- UK: Hurr partners with Depop ‘to power the circular economy’ with pre-rented collection
- UK: In The Style revenues soar 132%
- UK: Moonpig revenue grows 113% following its stock market debut
- UK: Music Magpie hails ‘landmark period’ as sales grow 3.8%
- UK: Net-A-Porter and Mr Porter launch new collection with Watchfinder
- UK: Sephora agrees to buy Feelunique for £132 million
- UK: The Hut group acquires Cult Beauty for £275m
- UK: The Very Group moves clothing returns to its automated fulfilment centre
News Analysis – Other Retail
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- Health and beauty retailing
- France: Bogart Group sees sales recover in Q2 as stores reopen
- UK: Coty set to relaunch Kylie Cosmetics and reveals UK retail partners
- UK: Superdrug sales drop 15% despite remaining open during pandemic
- UK: The Fragrance Shop targets 20 new stores a year
- Sports and leisure goods retailing
- Germany: Adidas ups outlook as sales grow 52% in Q2
- Jewellers
- UK: Watches of Switzerland hails strong growth as sales increase 101.9%
- Toys and games retailing
- UK: Games Workshop revenues rise 31% thanks to online sales
- UK: Hamleys opens first standalone store in Edinburgh
- UK: Hobbycraft l-f-l grow 15.3% as it plans more store openings
- Pets and pet products retailing
- UK: Pets at Home
- ...reports a strong start to its latest financial year
- ...pilots recycling scheme
- Shopping centres
- UK: Tik Tok opens pop-up at Westfield London
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