Table of Contents
Executive Summary – Italy
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- Italy’s mixed goods retail sector sales rise
- Rinscente and Coin dominate
- Sector reaches crossroads
- Leading players up for sale
- Limited international activity
- Product offer dominated by clothing
- Sector forecast to grow
European Summary
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- European mixed goods retailing sector
- Sector value and trends
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- Figure 1: European mixed goods retailing: Sector sales by country, 1999 and 2004e
- Leading retailers
- Ranked by sales
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- Figure 2: Leading European department store retailers: Ranked by sales, 2003
- M&S, a hybrid operator, leads the rankings
- Winners…
- …and losers
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- Figure 3: Leading European department store retailers: Sales performance, 1999 vs 2003
- Huge variation in sales densities
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- Figure 4: Leading European department store retailers: Ranked by estimated sales densities, 2003
- M&S in pole position
- Luxury stores excel
- Full assortment also delivers good productivity
- But German, Dutch and some smaller British operators underperform
- Outlets and space
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- Figure 5: Leading European department store retailers: Outlet numbers and space, 2003
- New store development
- Corporate activity – 2003 and 2004
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- Figure 6: European department store retailers: Major acquisitions, 2003
- Moving to private ownership
- 2004
- Some product and marketing trends
- Targeting younger shoppers
- Menswear enjoys more attention too
- Foodhalls gaining popularity
- Flexing the mix to chase gross margins
- More focus on own-label
- Smaller UK players follow the trend too
- Vroom & Dreesman consolidates its own-label
- International and retail brands still key for some
- Themed events
- E-commerce
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- Figure 7: Leading European department store retailers: E-commerce facilities, 2004
- Customer loyalty schemes
- Loyalty schemes become more commonplace
- But do they create genuine ‘emotional loyalty’
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- Figure 8: European department stores: Loyalty schemes, 2004
European Outlook
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- Upcoming corporate activity
- Italy in a state of flux
- Allders for sale…
- …and Karstadt scales back in Germany
- Store plans
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- Figure 9: European department store retailers: Planned openings and closures
- But are property assets worth more than trading operations?
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- Figure 10: European department stores: Leading retailers sales and profits performance, 2003 vs 2002
- Sector sales forecasts
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- Figure 11: European mixed goods retailing: Sector sales and forecasts by country, 2004 and 2009
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- Figure 12: Mixed goods retailers as % all retailer sales, 1995-2009f
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- Figure 13: Sector sales growth forecast, by country, 1999-2004e, 2004e-09F
Report Scope
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- 2005 content change
- The sector
- Department store definition
- Countries and companies covered
- Accounting policy
Background Data – Italy
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- Population
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- Figure 14: Italy: Population trends, 1999-2002
- Figure 15: Italy: Population, by age group and sex, January 2002
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- Figure 16: Italy: Households, by number of members, 1981-2002
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- Figure 17: Italy: Population, by region, January 2001 and 2002
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- Figure 18: Italy: Major cities, 2001 and 2002
- Economy
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- Figure 19: Italy: Gross domestic product, 1995-2003
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- Figure 20: Italy: Consumer prices, 1997-2003
- Figure 21: Italy: Consumer expenditure, 1995-2003
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- Figure 22: Italy: Detailed breakdown of consumer expenditure, 1999-2003
European Consumer Trends
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- Figure 23: Europe: Department store visiting patterns, 2004
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- Figure 24: Europe: Usage of department stores, by age, 2004
- Success with younger customers
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- Figure 25: Europe: Breakdown of department store customers, by age, 2004
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Department Stores in Italy
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- Background
- Sector history
- La Rinascente up for sale
- Gruppo Coin seeks buyer
- International activity
- Legislative and property issues
- Sector value and trends
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- Figure 26: Italy: Mixed goods retailers’ sales, 1999-2004
- Figure 27: Italy: Mixed goods retailers, relative performance, 1999-2004
- Outlet and enterprise data
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- Figure 28: Italy: Department and variety stores – outlet and space data, 1991-2001
- Figure 29: Italy: Department and variety stores outlet data, by region, 1998 and 2001
- Products
- Product market growth
- Product mix
- Mixed goods stores in shopping centres
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- Figure 30: Italy: Major shopping centres, January 2004
Leading Specialists
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- Figure 31: Italy: Leading mixed goods retailers, 2002/03
- Market shares
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- Figure 32: Italy: Leading mixed goods retailers, market shares, 2003
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Prospects and Forecasts
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- Prospects
- Forecasts
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- Figure 33: Italy: Mixed goods retailers’ sales, 2004-09
- Figure 34: Italy: Mixed goods retailers’ sales as % of all retail sales, 1999-2009
Major Company Profiles
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- Gruppo Coin
- Market shares
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- Figure 35: Coin Department Stores: Share of Italian mixed goods retailers’ sales, 1999-2003
- Background
- History
- Corporate structure and 2003-05 business plan
- Department stores division
- International expansion
- Financial data
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- Figure 36: Coin Department Stores: Financial performance, 1999/2000-2003/04
- 2004/05 interim results
- Outlets
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- Figure 37: Coin department stores: Outlet data, 1999/2000-2003/04
- Products
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- Figure 38: Coin Department Stores: Sales mix, 2003/04
- Loyalty scheme
- E-commerce
- SWOT
- Gruppo Rinascente
- Market shares
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- Figure 39: Gruppo Rinascente: Sales as percentage of mixed goods sector sales in Italy, 1999-2003
- Background
- History
- Change of ownership
- Ifil sell its food interests
- Department stores division to be sold too
- Financial data
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- Figure 40: Gruppo Rinascente department stores: Sales perfomance, 1999-2003
- Outlets
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- Figure 41: Gruppo Rinascente department stores: Store numbers, 1999-2003
- La Rinascente
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- Figure 42: La Rinascente, department store locations, 2003
- Upim
- Products
- La Rinascente
- Upim
- E-commerce
- SWOT
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