Table of Contents
Highlights: December 2007
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- Grocers
- Clothing retailing
- Multi-sector retailing
- Department stores
News Analysis
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- Co-ops (retail)
- UK: Co-op in £80m pharmacy acquisition
- Grocers
- Australia: Woolworths renews interest in The Warehouse Group
- Belgium: Delhaize prefers to focus on organic growth
- Brazil: Carrefour invests in Brazilian expansion
- France: Carrefour
- …may drop Champion brand
- …and considers sale of discount chains
- Germany: Edeka takeover of Plus may be delayed
- India: Carrefour enters Indian hypermarket talks
- Netherlands: Laurus to change name to Super de Boer
- Portugal: Jeronimo
- …enters talks to buy Portuguese Plus stores
- …then gets them
- Russian Federation: Auchan, Enka sign Russian hypermarket deal
- Russian Federation: Dixy nearly triples nine-month profit
- Russian Federation: X5 profit up 22% in Q3
- Spain: Eroski to convert some Caprabo stores to own brand
- UK: Grocers fined for dairy price fixing
- UK: Somerfield unveils expansion plans
- UK: Supermarkets judged in animal welfare league
- UK: Tesco
- …boss unveils global sales target
- …then posts strong Q3 figures
- …as it launches IT support service
- United States: Aldi launches aggressive US expansion plans
- United States: Strong Q3 performance for Kroger
- United States: Tesco unveils US ambitions
- Off-licences
- UK: Threshers and Oddbins
- …merger rumours emerge
- …before they deny reports
- Clothing retailing
- Germany: C&A to launch budget chain in Germany
- International: Peacocks plans international expansion
- Spain: Inditex nine-month sales up 17%
- Sweden: Gant
- …gets $800m offer from Maus Freres
- …but majority of shareholders oppose it
- Sweden: H&M increases FY sales by 17%
- Sweden: KappAhl LFLs up 1.6% in Q1
- UK: Alexon issues profit warning
- UK: Arcadia criticised for not joining ethical trade group
- UK: Matalan FY profits up 8.5%
- UK: Moss Bros
- …issues profit warning
- …as Baugur considers bid
- …while Laura Ashley builds stake
- UK: TK Maxx to launch homewares chain
- Footwear retailing
- UK: JJB acquires Original Shoe Company
- Mixed goods retailing
- UK: Woolworths under pressure to renegotiate debt
- China: Wal-Mart to grow by 30% per year in China
- Japan: Wal-Mart completes $849m buyout bid for Seiyu
- United States: BJ's Wholesale LFLs up 3.4% in Q3
- United States: Costco reports improved Q1 earnings
- United States: Target still waiting to sell credit card business
- Multi-sector retailing
- Belgium: Colruyt H1 profit up 7.6%
- Europe: M&S not ruling out return to continental Europe
- Germany: Arcandor posts strong Q3 results
- Germany: Rewe to speed up Penny expansion
- Switzerland: Jelmoli receives clearance to sell Fust
- UK: Alliance Boots posts £504 million H1 profit
- UK: HMV
- …sees losses narrow
- …and continues rolling out Fopp stores
- UK: Laura Ashley reports 10.8% fall in LFLs
- Department stores
- Europe: Arcandor forms alliance with La Rinascente, Printemps
- India: Landmark considers joint bid for Debenhams
- UK: Debenhams
- …renegotiates debt
- …as MRG takes 7% stake
- United States: Sears
- …profits plummet in Q3
- …and bids $269 million for Restoration
- DIY retailing
- Germany: Hornbach reports weak Q3
- International: Kingfisher
- …sees weaker UK demand hurt profits
- Taiwan: Test Rite buys B&Q Taiwan
- UK: Topps Tiles reports drop in FY profit
- UK: Travis Perkins updates trading
- United States: Restoration Hardware posts Q3 loss
- Carpet retailing
- UK: Carpetright sales affected by UK slowdown
- UK: United Carpets posts solid H1 figures
- Furniture retailing
- UK: Heal's loss narrows to £4.8m
- UK: MFI to spend £125m on overhaul
- UK: ScS issues profit warning
- Electrical retailing
- France: Kesa on the verge of BUT sale
- International: DSGi
- …reports first-half results
- …and announces Dell deal
- UK: Jessops posts £7.5m FY loss
- United States: Best Buy posts impressive third quarter
- Home shopping
- France: Amazon forced to end free deliveries in France
- UK: Asos H1 profit soars
- UK: Findel posts strong H1 profit
- Health and beauty retailing
- UK: Co-op in £80m pharmacy acquisition
- United States: Rite Aid reports $85m loss in Q3
- Book and stationery retailing
- Germany: Karstadt book stores sale under investigation
- United States: Office Depot warns of sales erosion
- Sports and leisure goods retailing
- UK: JD Group improves LFLs, warns on tougher trading
- UK: JJB
- …LFLs up 1.6%
- …as it acquires Original Shoe Company
- UK: Sports Direct
- …sees Ashley plan to increase stake
- …as Sports Direct posts weak H1
- Jewellers
- International: Signet warns on FY profit
- International: Theo Fennel boss seeks international expansion
- Toys and games retailing
- UK: Game
- …provisionally cleared for Gamestation takeover
- …as strong performance continues
- United States: $76 million loss for Toys R Us in Q3
- Dollar stores
- United States: Dollar Tree Q3 LFLs up 1.9%
Economic News
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- China: Retail sales post record growth in November
- Europe: Retail sales dip in October
- Germany: Retail sales plummet in October
- Italy:
- …retail sales fall to 18-month low
- …then rebound in October
- Japan: Retail rises
- Spain: Retail growth slows to 16-month low
- UK:
- Retail sales up in November, says ONS
- CBI: Retailers need late rush to save Christmas
- November retail sales are slow, says BRC
- BRC: London retail sales hit two-year low
Market Analysis: Retailing in Emerging European Markets
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- Bulgaria
- Turnaround strategy
- Economic boom still to arrive?
- Retail taking a new direction
- Retail sales growth expected to speed up
- Croatia
- Looking ahead to EU membership
- A good economic track record
- Steady as she goes
- Retail concentration and consolidation already underway
- Slovenia’s Mercator is now the largest foreign retailer
- Retail market to increase by 45% by 2012
- Estonia
- Excellent economic growth …
- …and signs there is more to come
- Non-food set for a boost?
- Need to tread carefully
- Future of retail trade
- Latvia
- Strong economic development…
- …but for how long?
- Short-term outlook potentially concerning for retailers
- Non-food is growth driver in retail sector
- Retail forecasts
- Lithuania
- EU welcomed with open arms
- But it has been a double-edged sword
- Young population, new ideals
- Growth potential still present
- Non-food retailers’ growth will be faster
- Romania
- A smooth run into EU membership
- Starting to realise its potential
- Retail sales also accelerating
- Retail sales forecast to more than double to 2012
- Russia
- Catching up
- Cold war rhetoric
- WTO at last
- Huge retail market potential
- Still no move by some of the biggest international retailers
- Retail sales forecast to more than double by 2012
- Slovakia
- Mixed economic results
- No easy answers
- Slowdown in food retail not set to last
- Non-food to grow consistently
- Future of retail trade
- Slovenia
- A developed market
- Internal development
- Land of the giants
- Still room for development
- Non-food will drive future retail sales
- Turkey
- Still knocking on the EU door
- A strongly performing retail sector
- Retail market remains very traditional
- The best is yet to come
Company Profile: Kesko
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- Strategic evaluation
- Background
- Financial performance
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- Figure 1: Kesko: Group financial performance, 2002-06
- Store portfolio
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- Figure 2: Kesko: Outlet data, 2002-06
- Retail offering
- Market positioning
- Brands
- Product offer
- Pricing
- Advertising and marketing
- e-commerce & home shopping
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