Table of Contents
Analyst Comment
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- Reality strikes – for some
- Consumers in denial
- In new territory
- Young vs old
- Where next?
The Month in UK Retailing
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- Co-ops (retail)
- Co-op to reward customers as profits surge
- Grocers
- Aldi plans for one UK store opening per week
- Asda and Tesco start price war to win back consumers
- Iceland to acquire up to 30 Somerfield stores
- Julian Graves
- …to be sold off?
- …receives multiple bids
- Morrisons creates family meal for £4
- Sainsbury's
- …Q1 sales up
- …website goes into meltdown
- Tesco
- …sees Fearnley-Whittingstall move for better welfare for chickens
- …challenges Competition Commission
- Off-licences
- Majestic reports 3% increase in FY profit
- Clothing retailing
- House of Fraser implements data synchronisation service
- Jacques Vert sees FY profit fall
- Matalan sees FY profits double
- Moss Bros’:
- … Q1 LFLs drop 1.5%
- …tie sales up despite tightening market conditions
- …Gee family stake acquired by Simon Berwin
- …shareholders call for new chairman
- Mulberry FY sales defy gloom
- Primark
- …drops factories that use child labour
- …drives ABF growth in Q3
- Topshop boss: Things can only get... worse
- Zara forces factory closure following BBC exposé
- Mixed goods retailing
- Argos workers prepare to strike at four distribution centres
- Instore
- …receives bid from Crown Crest
- …rejects 'undervalued' £11.4m bid
- Woolworths fined £350,000 for contravention of disclosure rules
- Multi-sector retailing
- Pessina and KKR to invest more in Boots
- M&S
- …reports fall in Q1 LFLs
- …lets 140 UK brands onto its shelves
- …pulls out of Taiwan
- Department stores
- Beales unveils H1 results
- Debenhams
- …delays paying suppliers amid "deteriorating" trading conditions
- …posts results early to quell investors' fears
- …denies sales rumour
- Electrical retailing
- Kesa reports disappointing FY results
- Music and video goods retailing
- HMV reports FY results
- Zavvi launches first sale
- Carpet retailing
- Carpetright publishes FY results, predicts difficult year ahead
- Furniture retailing
- Land of Leather
- …to finalise underwritten equity sale
- …seeks £15m from share issue
- ScS Upholstery
- …credit insurer withdraws supplier coverage
- …appoints Ernst & Young in move to restructure
- …receives takeover approach, shareholders likely to get little
- …to be taken over by Sun Capital
- …goes into administration
- Home shopping
- Asos
- …to launch online discount operation in September
- …reports staggering FY results
- …prepares to expand overseas
- Flying Brands shuts Greetings Direct following US flop
- N Brown
- …plans German offshoot
- …publishes interim trading statement
- Sports and leisure goods retailing
- Blacks rocked as insurers scale back on suppliers' cover
- Sports Direct profits plummet
- Jewellers
- Theo Fennell posts FY results, predicting tough trading ahead
- Toys and games retailing
- Game Group posts better-than-expected H1 LFLs
Executive Appointments
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- Alexon chief appoints brand boss
- Dune to poach Shoe Studio's Egan
- Fortnum & Mason's chair steps down
- Habitat UK chief resigns in midst of restructuring
- Halfords names new chief
- Hobbs CEO steps down
- Ideal Shopping Direct appoints new commercial director
- JJB set for lifestyle overhaul
- Littlewoods appoints new group finance officer
- LK Bennett to get Jimmy Choo boss?
- M&S shareholders expected to vote against Rose promotion
- Moss Bros chairman departs
- Primark:
- …appoints executive to ramp up European expansion
- …poaches New Look director
- Safeway appoints Dietz as new VP and CMO
- Sainsbury's:
- …appoints new menswear merchandise manager
- …merchandise chief leaves for Tesco
- Stylo appoints non-executive director
- Tesco Clubcard chief replaced by Janet Smith
- Woolworths' CEO resigns
- Wyevale pushes the online route
Product Development – Fruit and Vegetables
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- Asda
- Iceland
- Marks & Spencer
- Sainsbury’s
- Somerfield
- Waitrose
Advertising News
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- New campaigns
- Lisa Snowdon signs up for new Avon lingerie campaign
- Co-op to sponsor Pride of Britain awards
- Dixons launches activity on Facebook
- Littlewoods launches £4m ad campaign
- Roulette revamps website
- Specsavers to sponsor Fashion Fix
- Tesco to merge school programmes
- Waitrose first food retailer to sponsor football club
- Whole Foods Market launches its first-ever UK marketing campaign
Retail Advertising Review
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- Advertising expenditure
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- Figure 1: Total advertising expenditure by all advertisers (£m), Apr 2004-Apr 2008
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- Figure 2: Total advertising expenditure by all retail advertisers (£m), Apr 2004-Apr 2008
- Use of media
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- Figure 3: Use of media by retail and all advertisers (£m), Apr 2007-Apr 2008
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- Figure 4: Use of media by retail and all advertisers (%), Apr 2007-Apr 2008
- Top 25 retail advertisers
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- Figure 5: Top 25 retailers by adspend (£), Mar 2008-Apr 2008
- Food
- Furniture
- Optical retailers
- DIY
- Other
- Nielsen Media research/definitions
Retail Sales and Inflation
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- Retail sales
- Office for National Statistics
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- Figure 6: Retail sales trends: May 2007-May 2008
- Figure 7: Non seasonally adjusted % value change on previous year, May 2007-May 2008
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- Figure 8: Seasonally adjusted % volume change on previous year, May 2007-May 2008
- Significant features of May’s ONS statistics
- Confederation of British Industry
- British Retail Consortium
- Retail price inflation trends
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- Figure 9: Annual percentage change in retail price index for selected product groups: May 2007-May 2008
- Figure 10: Annual percentage change in retail price index for selected product groups: May 2007-May 2008
- Retail prices index
- Consumer prices index
- British Retail Consortium: Shop price index
Sector Analysis – Clothing and Footwear
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- Sales trends
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- Figure 11: Clothing & footwear retailers: Sales trends, 1998-2008
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- Figure 12: Clothing and footwear retailers as % all retail sales: 1999-2008 (e)
- Retail price inflation
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- Figure 13: Indices of retail prices for product categories (clothing and footwear), Jan 2000-Jan 2007
- Sales by sub-sector
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- Figure 14: Breakdown of clothing retailers’ sales by sub-sector, 1998-2008 (e)
- Consumer expenditure
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- Figure 15: Consumer expenditure on selected product categories, 1995-2008 Q1, (£m current prices including VAT, not seasonally adjusted)
- Clothing retailers: latest trends
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- Figure 16: UK: Leading clothing specialists: Share of all clothing specialists’ sales, 2006
- Footwear retailing: latest trends
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- Figure 17: Where they buy footwear, 2004, 2006 and 2008
Sector News Review: Clothing Retailing
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- February
- Baugur
- …revamps fashion management team
- Elvi and Base Menswear enter administration
- Kinnaird
- …in talks to combine with Envy
- …then gets Alexon unit for £1
- Peacocks sees FY LFLs rise
- Primark growth drives AB Foods sales
- Whistles to be split off from Mosaic
- March
- Debenhams/French Connection hit by Chinese inflation
- French Connection profits slump
- Moss Bros
- …sees shareholder move to scupper Baugur's plans
- …as Gee makes shares move
- Select collapses into administration
- SRG sold to Egyptian investor
- Ted Baker FY profits rise 10%
- April
- Alexon FY LFLs slump, profit rises
- Arcadia
- … owner Green expects record year at Topshop
- … owner considers selling Bhs
- Baugur to raise £430m for retail investment
- Ethel Austin to be rescued?
- Moss Bros
- … stake raised by Laura Ashley, fuelling bid speculation
- …posts FY loss
- …sees Greenwoods boss pull out of race
- …bid abandoned by Debenhams
- Next FY profit rise, forecasts "difficult" trading
- May
- Austin Reed plans expansion, following sales rise
- Burberry sees sales growth
- Ethel Austin:
- …collapses into administration
- …receives 40 potential bids
- Fat Face signs for eight new stores
- Internacionale:
- …goes into administration
- …sold to unnamed buyer
- Jaeger's FY sales rise 16%
- MK One
- …put up for sale by Baugur
- …sold to Hilco
- Matalan sets aside £20m for revamp
- Mosaic reports FY loss, on sales up 49%
- Baugur may sell Moss Bros stake
- Next reports drop in Q1 sales
- ABF H1 profit boosted by Primark
- June
- Ann Summers takes it down a notch
- Burberry posts 23% FY profit rise
- Fat Face signs for eight new stores
- French Connection 's Q1 LFLs "broadly flat"
- Laura Ashley posts 7.6% drop in 17-week LFLs
- MK One
- …goes into administration
- …bought by Brafman
- Moss Bros
- …has £40m offer withdrawn by Baugur
- …subject of stake increase by Laura Ashley
- …in talks with Berwin & Berwin
- Primark prepares to take on Europe
- Ted Baker reports 8.4% rise in sales
- TJX opens 5 HomeSense stores in UK
- July
- Things can only get... worse, says Arcadia boss
- House of Fraser implements data synchronisation service
- Jacques Vert sees FY profit fall
- Matalan sees FY profits double
- Moss Bros’:
- … Q1 LFLs drop 1.5%
- …tie sales up despite tightening market conditions
- …Gee family stake acquired by Simon Berwin
- …shareholders call for new chairman
- Mulberry FY sales defy gloom
- Primark
- …drops factories that use child labour
- …drives ABF growth in Q3
- Zara forces factory closure following BBC exposé
Sector Advertising Review – Clothing
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- Advertising expenditure
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- Figure 18: Total advertising expenditure by clothing retailers, Apr 2004-Apr 2008
- Use of media
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- Figure 19: Use of media by clothing retailers and all retailers (£), Apr 2007 and Apr 2008
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- Figure 20: Use of media by clothing retailers and all retailers (%), Apr 2007 and Apr 2008
- Top 10 clothing retail advertisers
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- Figure 21: Top ten clothing retailers by adspend, Apr 2007 and Apr 2008
- Retailer focus
- Marks & Spencer
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- Figure 22: Marks & Spencer, media use by adspend and as share of total, Apr 2007-Apr 2008
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- Figure 23: Marks & Spencer, top five brands by adspend, Apr 2008
- Matalan
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- Figure 24: Matalan, media use by adspend and as share of total, Apr 2007-Apr 2008
- Figure 25: Matalan, top brands by adspend, Apr 2008
- Clarks
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- Figure 26: Clarks, media use by adspend and as share of total, Apr 2007-Apr 2008
- Figure 27: Clarks, top five brands by adspend, Apr 2008
- New Look
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- Figure 28: New Look, media use by adspend and as share of total, Apr 2007-Apr 2008
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- Figure 29: New Look, top five brands by adspend, Apr 2008
- Nielsen Media Research/definitions
Report Focus: Womenswear Retailing
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- A challenging market
- Underlying drivers
- Outside competition
- Total clothing sales
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- Figure 30: Sales through all clothing retailers, 2000-07
- Total sales of womenswear
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- Figure 31: Retail sales of all womenswear, UK, 2003-08
- Total sales of women’s outerwear
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- Figure 32: Retail sales of all women's outerwear, UK, 2003-08
- Impediments to sales growth
- On the plus side
- Looking to the future
- Consumers: where, why and who
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- Figure 33: Where they buy clothing, May 2008
- Where do they go?
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- Figure 34: Where women have bought clothing for themselves, 2002-08
- Marks & Spencer remains strongest for over-45 ABC1 women
- Next’s customers getting older
- Primark is not just a magnet for teens and twentysomethings
- George and Tesco battle it out for family shoppers
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- Figure 35: Where they buy clothing, by age and socio-economic group, May 2008
- Debenhams needs to boost spend from younger women
- Matalan’s core budget shoppers could be wooed by supermarkets
- River Island taking over from Topshop?
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- Figure 36: Where they buy clothing, by age and socio-economic group, May 2008
- Charity/second-hand shops get a boost
- Mail order/Internet polarisation
- John Lewis yet to attract younger women
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- Figure 37: Where they buy clothing, by age and socio-economic group, May 2008
- Gap needs to stem the tide
- Sainsbury’s has the M&S appeal
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- Figure 38: Where they buy clothing, by age and socio-economic group, May 2008
- Figure 39: What they think of shopping for clothing, May 2008
- Special occasions offer an opportunity for all womenswear retailers
- Shopping is social and therapeutic
- Keeping up with the latest fashion is expensive
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- Figure 40: What they think of buying clothes for themselves, by age and socio-economic group, May 2008
- Are women tiring of fast fashion?
- Where are the key basics?
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- Figure 41: What they think of buying clothes for themselves, by age and socio-economic group, May 2008
- Figure 42: Women’s attitudes towards clothing, May 2008
- The eco/ethical issue
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- Figure 43: Women’s attitudes towards clothing, by age and socio-economic group, May 2008
- Getting the balance right
- Unconfident 45-54s?
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- Figure 44: Women’s attitudes towards clothing, by age and socio-economic group, May 2008
- Clothes shopping enjoyment declines with age
- Financially challenged more likely to hate clothes shopping
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- Figure 45: What they think of buying clothes for themselves, by age and socio-economic group, May 2008
- Fashionable forties/fifties are a key opportunity
- Young remain keen on fashion, but some lack confidence
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- Figure 46: What they think of buying clothes for themselves, by age and socio-economic group, May 2008
- Profiles of leading womenswear retailers
- Marks & Spencer
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- Figure 47: Marks & Spencer: Womenswear own-brand portfolio, 2008
- Figure 48: Marks & Spencer: Clothing price architecture, 2004-08
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- Figure 49: M&S: Financial performance, 2005-08
- Next
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- Figure 50: Next: Financial performance, 2004-08
- Industry insights
- The market – women’s spending trends
- Product categories – what’s selling
- Pricing – the trading up movement …
- Collaborations with celebrities/designers
- The future
- On the plus side
- Looking ahead
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