Table of Contents
Analyst’s Comment
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- Recession heralds change in German retailing
- Europe’s harshest retail climate?
- But there are winners…
Headlines for the Month
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- Food retailers
- Clothing
- Mixed goods/department stores
- DIY
- Electricals
- Carpets
- Furniture
- Home shopping
- Health and beauty
- Other specialists
Retail Sales Review
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- France
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- Figure 1: France: Retail sales trends, 2008-09
- Inflation
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- Figure 2: France: Inflation, 2008-09
- Germany
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- Figure 3: Germany: Retail sales trends, 2008-09
- Inflation
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- Figure 4: Germany: Inflation, 2008-09
- Italy
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- Figure 5: Italy: Retail sales trends, 2008-09
- Inflation
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- Figure 6: Italy: Inflation, 2008-09
- Netherlands
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- Figure 7: The Netherlands: Retail sales trends, 2008-09
- Inflation
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- Figure 8: The Netherlands: Inflation, 2008-09
- Spain
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- Figure 9: Spain: Retail sales trends, 2008-09
- Inflation
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- Figure 10: Spain: Inflation, 2008-09
- UK
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- Figure 11: Retail sales trends, 2008-09
- Inflation
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- Figure 12: UK: Annual percentage change in Retail Price Index for selected product groups, 2008-09
Sector Focus: European Retail Forecasts
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- The outlook for Europe
- Summary
- GDP contraction and slow recovery
- Consumers cut back on spending
- Unemployment to rise steadily
- What lies ahead?
- Retail sales forecasts
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- Figure 13: Europe: Retail sales forecasts, by country, 2008 and 2014
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- Figure 14: Europe: Forecast growth rates (in € at current prices), by country, 2009-14
News Analysis
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- Grocers
- Belgium: Colruyt FY sales up 11%
- Belgium: Delhaize completes acquisition in Romania
- Denmark: Dansk to open 30 Netto stores in Poland
- France: Carrefour
- …opens first store in Moscow
- …to sell 20 Polish stores
- …unveils €4.5bn cost-cutting plan
- France: Intermarché
- …to withdraw Ecomarché fascia
- …plans cost-cutting exercise
- Germany: Aldi retains expansion plans despite missing target
- Germany: Edeka forging ahead with Netto expansion
- Germany: Rewe posts record EBITDA for 2008
- Germany: Tengelmann asks court to intervene over Plus deal
- Netherlands: Ahold reports $186m tendered under debt buyback offer
- Netherlands: Super de Boer sees Q2 sales rise
- Russian Federation: Kopeyka reports wider 2008 losses
- Russian Federation: Magnit plans London listing
- Russian Federation: X5
- …announces plans to expand Pyaterochka chain
- …completes buyout of Pyaterochka franchisee
- …sees sales slow in Q2
- Slovenia: Mercator plans Bulgarian expansion
- Spain: Intermarché pulls out of Spain
- Switzerland: Migros reports profit drop
- UK: Iceland posts record sales and profits
- UK: Kwik Save moves to Spain
- UK: Morrisons ploughs ahead with farm in Scotland
- UK: Sainsbury's
- …LFLs climb 7.8%
- …considers two for chairman role
- UK: Tesco
- …reveals "solid" Q1 performance
- …in £458m property deal
- …in insurance deal with Fortis
- …could bid for Northern Rock
- Off-licences
- UK: First Quench posts FY loss
- UK: Majestic sees FY profits plummet 56%
- Clothing retailing
- Spain: Inditex suffers 15% net profit drop
- UK: H&M reports rise in Q2 profit
- UK: Jacques Vert records £2.9m loss
- UK: Matalan defies gloom with robust FY results
- UK: Moss Bros reveals bullish expansion plans
- UK: Mulberry FY profit down despite sales growth
- UK: New Look to roll out premium brand
- UK: Primark sales jump 20%
- UK: Ted Baker sees sales lift in Q1
- Footwear retailing
- UK: Mr Shoes
- …trips into administration
- ...saved from administration
- Mixed goods retailing
- UK: BrightHouse posts 21.5% earnings boost
- UK: Instore FY pre-tax loss widens to £10.5m
- Multi-sector retailing
- Germany: Arcandor
- …sees Sal Oppenheim sell stake in group
- …receives state aid for Quelle
- …granted state aid for Quelle by EU
- Germany: Shopping centre operator Mfi eyes Karstadt
- Netherlands: Macintosh Retail sells Belcompany Belgium
- UK: M&S
- …to launch home shopping in 70 countries
- …to launch pick 'n' mix sweet selection
- …reports improvement in Q1 sales
- …chief announces plans to step down
- …executive chairman Rose receives support
- Department stores
- Italy: Gruppo Coin posts flat Q1 profit
- UK: Beales sales dip in H1
- UK: Debenhams' share offer receives weak uptake
- UK: Harvey Nichols to trial online fashion sales
- UK: House of Fraser quells rumours of banking covenant breach
- DIY retailing
- Germany: Hornbach sales rise 5.4% in Q1
- Germany: Praktiker optimistic on market improvement
- UK: Focus
- …ponders CVA
- …faces tough business review
- UK: Kingfisher plans large Russian expansion
- Electrical retailing
- UK: Best Buy suffers 15% fall in Q1 profit
- UK: DSGi suffers £140.4m FY loss
- UK: Kesa Electricals reports FY loss
- Music and video goods retailing
- UK: HMV reports 11.5% rise in FY pre-tax profit
- UK: Virgin Megastores posts loss
- Carpet retailing
- UK: Allied Carpets
- …to place subsidiary in administration
- …to close stores and cut jobs
- …goes into administration and pre-pack deal
- UK: Carpetright suffers 72% slump in FY profit
- Furniture retailing
- Sweden: Ikea
- …cuts jobs as growth slows
- …to cull further staff
- …ponders Eastern Europe expansion
- Homewares retailing
- UK: Dunelm sees LFLs climb 5%
- Home shopping
- UK: Asos boasts 93% surge in FY profits
- UK: Ideal Shopping Direct enjoys sales increase
- UK: N Brown enjoys sales rise
- UK: Shop Direct
- …to rebrand Littlewoods
- …unveils Woolworths.co.uk
- Health and beauty retailing
- Germany: Celesio
- …takes majority stake in Brazilian firm
- …enters Swedish market
- …receives approval for Pharmexx purchase
- Sports and leisure goods retailing
- UK: JJB Sports
- …plots £50m fund raising amid loan storm
- …row escalates
- …threatens legal action against Ashley
- Jewellers
- UK: Theo Fennell returns to board
- Toys and games retailing
- UK: Game sees LFLs plummet 15.4%
- UK: Hamleys appoints new chairman
- Miscellaneous specialist retailing
- UK: Halfords profits rise 2.4%
- Economic news
- Czech Republic: Retail sales continue to fall in April
- Germany: Retail sales rise month-on-month in May
- Ireland: Retail sales continue to fall
- Romania: Retail sales fall
- UK:
- BRC: May LFL retail sales drop 0.8%
- CBI: Retail sales continue to drop in June
- ONS: April retail sales rise more than expected
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