Table of Contents
Highlights: January 2007
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- Grocers
- Multi-sector retailing
- Clothing retailing
News Analysis
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- Bakers (retail)
- UK: Greggs’ likes-for-likes up for Xmas
- UK: Thorntons rebounds after difficult Q1
- Co-ops (retail)
- UK: Co-operative Group enjoys soaring Xmas sales
- Grocers
- Belgium: Delhaize reports solid FY results
- Belgium: Lidl rekindles entry plans
- France: Carrefour meets 2006 target but Q4 results disappoint
- Germany: Real to close 15 former Wal-Mart stores
- Netherlands: Jumbo's 2006 sales up 20%
- Netherlands: Laurus suffers sales slide
- Russian Federation: X5 posts strong FY results
- Russian Federation: Magnit reports revenue surge in 2006
- Slovakia: Tesco blocked from buying Carrefour stores
- UK: Asda
- …launches into furniture market
- …and cuts petrol prices
- UK: “Recovery on track,” says Sainsbury’s
- UK: Tesco
- …surpasses festive forecasts
- …kicks off 2007 price war
- …promises 'green consumption revolution'
- …and moves into house-building
- UK: Supermarkets
- …escape crackdown
- …as BRC calls for end to enquiry
- UK: Morrisons
- …posts Christmas like-for-likes increase
- …and prepares to axe logo
- Off-licences
- UK: A Majestic Christmas
- Mixed goods retailing
- India: Argos to enter Indian market
- UK: Instore recovers momentum over Christmas
- UK: Wilkinson extends RightPrice range
- UK: Woolworths
- …posts dismal festive results
- …and may close up to 200 stores
- Multi-sector retailing
- Germany: KarstadtQuelle reports positive Q4 results
- Germany: Metro Group reports strong Q4 results
- Japan: Aeon reports profit rise
- Switzerland: Migros acquires 70% stake in Denner
- UK: Alliance Boots reports Q3 profits
- UK: Online sales soar at Virgin Megastores
- UK: HMV reports operating loss
- UK: Home Retail reports disappointing Christmas trading
- UK: John Lewis
- … sees sales rise
- …and appoint new MD
- UK: Laura Ashley sees sales slow in H2
- UK: Next suffers difficult Christmas on the High Street
- UK: Marks & Spencer
- …reports a good Christmas
- …aims to become carbon-neutral
- …and adds £500m to pension funding
- US: Wal-Mart accused of organic deception
- Clothing retailing
- UK: Like-for-likes down at Alexon
- UK: Booming online sales for Ann Summers
- UK: Burberry reports bumper Q3
- UK: George appoints Next director
- UK: Liz Hurley named new face of Monsoon
- UK: Moss Bros issues profit warning
- UK: Mothercare suffers difficult Q3
- UK: New Look reports solid Christmas trading
- UK: Ted Baker reports 11% growth
- US: Claire's reveals flat comparable sales
- US: Gap
- …sees sales disappoint
- …and ousts CEO after dismal festive trading
- US: Sales soar at Abercrombie & Fitch
- Department stores
- UK: Beales suffer tough Christmas
- UK: Debenhams down at Christmas
- UK: Harrods ditches store cards
- UK: House of Fraser enjoys best ever Christmas
- US: J C Penney fires COO
- DIY retailing
- UK: Focus examines sale options
- UK: Topps Tiles beats tough trading
- US: Home Depot CEO resigns
- Electrical retailing
- UK: Kesa powers ahead
- UK: DSG posts strong UK results
- Homewares retailing
- UK: Dunelm sales show strength
- Home shopping
- UK: Asos continues form over Christmas
- UK: Flying Brands hit by garden division sales
- UK: Littlewoods signs up Trinny and Susannah
- UK: N Brown sees festive sales soar
- UK: White Company continues to grow
- Book and stationery retailing
- UK: Pre-Christmas sales please Clinton Cards
- UK: Music Zone, Greeting Card Group enter administration
- UK: Greeting Card Group sold in MBO
- UK: WH Smith reports further sales decline
- Sports and leisure goods retailing
- UK: Sales continue to grow at John David
- UK: Sports goods retailers face compensation claim
- UK: Christmas sales disappoint Blacks Leisure
- UK: JJB Sports reports pleasing Christmas results
- Jewellers
- UK: Signet’s like-for-likes rise
- UK: Theo Fennell reveals record Xmas
- Garden centres
- UK: Blooms of Bressingham
- …pleased with Xmas trading
- …and enters takeover talks
- UK: Christmas sees Dobbies’ sales jump over 30%
- Toys and games retailing
- UK: An impressive Christmas for Game Group
- UK: Hamleys' boosted by festive sales
- Miscellaneous specialist retailing
- UK: Jessops’ like-for-likes disappoint for December
Economic News
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- Australian retail sales up in November
- German retail sales fall for November
- Russia rejects foreign retailers
- UK:
- Retail sales grow strongly in December, says CBI
- High Street receives Christmas bonus, says BRC
- Christmas retail sales surprisingly strong, reveals ONS
Market Analysis: Department Store Retailing in Europe
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- Overview of the Department Store market
- Sales through mixed goods retailers
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- Figure 1: Europe: retail sales through mixed goods retailers, 2001-06 (e)
- UK dominates the mixed goods market
- Little growth across Europe
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- Figure 2: Europe: Mixed Goods Retailers Sales Growth, 2001-05 & 2002-06 (e)
- Supermarkets continue to encroach on department store’s territory
- Predicted upturn across Europe, except in Germany
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- Figure 3: Europe: Forecast retail sales through mixed goods retailers, 2006-11
- France expected to show little growth
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- Figure 4: Europe: Mixed Goods Retailers Sales, Forecast Growth 2006-11f
- Irish market suited to department store retailing
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- Figure 5: Europe: Mixed goods retailers sales as % of all retail sales, 2001, 2005, and 2011
- Leading players
- M&S dominates UK (and Europe?)
- El Corte Inglès right on M&S’ heels
- Other leading players
- Leading department store retailers by sales
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- Figure 6: Leading department store retailers in Europe, 2005
- Corporate activity 2005 and 2006
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- Figure 7: Europe: Major corporate activity in the department store sector, 2005 and 06
- Department stores suited to e-commerce
- But not all take advantage
- Moving services online offers potential for growth
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- Figure 8: Leading European department store retailers: E-commerce facilities, 2006
- What next for department stores?
- Communist links stick
- Room for upmarket players
- Is Russia too expensive?
- … however, if Stockmann can…
- Ageing population offers potential
- How to attract footfall
Company Profile: Stockmann
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- Bare facts
- Retail offering
- Stockmann an upmarket player – but only in a Finnish context
- Several strong own-brands on offer
- Clothing at core of sales
- Quality still comes before price
- Nearly 1m sign up to loyalty scheme
- Crazy Days at Stockmann
- Department store offer not online
- Financial performance
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- Figure 9: Stockmann: Group financial performance, 2001-05
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- Figure 10: Stockmann: Department store division sales by unit, 2001-05
- Figure 11: Stockmann: Department store division sales mix, 2002-05
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