Table of Contents
Analyst Comment
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- Schlecker proves even the mighty can fall
- What we’ve seen
- A falling giant
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- Figure 1: Schlecker: Sales, 2006-10
- Figure 2: Schlecker: Outlet numbers, 2006-10
- Turnaround plans hit a hitch
- Money’s too tight to mention
- What it means
Retail Sales Review
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- Key points
- France
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- Figure 3: France: Retail sales trends, 2010-11
- Inflation
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- Figure 4: France: Inflation, 2010-11
- Germany
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- Figure 5: Germany: Retail sales trends, 2010-11
- Inflation
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- Figure 6: Germany: Inflation, 2011-12
- Italy
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- Figure 7: Italy: Retail sales trends, 2010-11
- Inflation
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- Figure 8: Italy: Inflation, 2011-12
- Netherlands
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- Figure 9: The Netherlands: Retail sales trends, 2010-11
- Inflation
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- Figure 10: The Netherlands: Inflation, 2011-12
- Spain
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- Figure 11: Spain: Retail sales trends, 2010-11
- Inflation
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- Figure 12: Spain: Inflation, 2011-12
- UK
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- Figure 13: UK: Retail sales trends, 2011-12
- Inflation
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- Figure 14: UK: Annual percentage change in Consumer Price Index for selected product groups, 2011-12
Headlines for the Month
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- Grocers
- Clothing
- Footwear
- Multi-sector retailing
- Mixed goods
- Department stores
- Electricals retailing
- Music, video, and games retailing
- Furniture retailing
- Home shopping
- Health and beauty retailing
- Jewellers
News Analysis
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- Grocers
- Belgium: Colruyt sales on target
- Estonia: ETK group turnover up 8.7% in 2011
- France: Carrefour
- …confirms new chief
- …price offensive
- …reports weak Q4 and full year results
- …shares lifted by hopes of new CEO
- France: Casino remains confident after good end to full year
- France: Leclerc reports record sales
- France: Système U posts better-than-expected FY results
- Germany: Aldi Nord reports weakening sales in 2010
- Germany: Edeka to phase out Netto City format
- Germany: Metro reports sales fall and cancels plans for Kaufhof
- Germany: Rewe plans to cash-in on Schlecker crisis
- Germany: Zielpunkt acquired fully by Satek
- Latvia: Iki and Cento operator ruled insolvent
- Latvia: Maxima Grupe reports turnover of €2.3bn in 2011
- Netherlands: Ahold reports solid sales
- Netherlands: Spar eyes more tie-ups for expansion
- Portugal: Jeronimo Martins' growth driven by Poland
- Romania: Metro opens online store in Romania
- Russian Federation: Dixy full-year sales rise after merger
- Russian Federation: Magnit reports revenue increase
- Russian Federation: Rewe's Billa considers acquisition of local chain
- Russian Federation: X5 Retail Group reports net retail sales increase
- Slovenia: Agrokor detracts bid to acquire Mercator
- Sweden: Axfood reports modest growth for fourth quarter
- UK: Asda
- …outperforms rivals over Christmas
- …to invest £500m in stores and supply chain
- UK: Booths sales up as shoppers entertain over Christmas
- UK: Iceland deadline nears as Walker lines up £150m
- UK: Morrisons
- …acquires meat processing facility
- …brings back pay day offers
- UK: New People's Supermarket to open in Hackney
- UK: Sainsbury's
- …launches Matthew Williamson designer shopper
- …sees 'record-breaking' Christmas
- UK: Tesco
- …aims to regain sales through voucher campaign
- …considers closing Home Plus stores
- …enters F&F partnership in Saudi Arabia
- …expands international technology for F&F
- …reports "disappointing" Christmas with like-for-likes falling 2.2%
- …to drop carbon reduction logo
- UK: The Co-operative
- …adds 28 stores after acquiring David Sands
- …posts Christmas sales uplift
- UK: Ugo discount grocer sold after just a year
- UK: Waitrose
- …and Boots scale back partnership
- …to introduce contactless payments
- …to open more convenience stores in London
- Food specialists
- UK: Greggs reports boosted Christmas sales
- UK: Hotel Chocolat considering launch of beauty products
- UK: Thorntons suffers poor Christmas performance
- Off-licences
- UK: Majestic Wine posts Christmas sales rise
- Clothing retailing
- France: LVMH boosted by 16% revenue growth
- Italy: Benetton considers delisting after profits fall
- Italy: Bulgari family sells stake in LVMH
- Sweden: H&M profits fall in tough climate
- UK: Agent Provocateur like-for-like sales rise over Christmas
- UK: Bestseller appoints UK sales reps to drive wholesale
- UK: Blue Inc enjoys positive Christmas
- UK: Bonmarche
- …appoints GA to manage store closures
- …bought out of pre-pack by Sun European
- …stores to close as part of rescue deal
- UK: Bravissimo performance driven by Pepperberry
- UK: Burberry reports rising sales due to outerwear and leather goods
- UK: Coach posts rise in second quarter profits
- UK: Edinburgh Woollen Mill
- …bids for Peacocks
- …plans 150 new stores as it eyes Peacocks property
- …pulls out of Peacocks talks
- UK: French Connection issues profit warning
- UK: Howies bought back by management
- UK: Jaeger full year profits fall
- UK: Karen Millen to launch sites in more European countries
- UK: La Senza acquired by Alshaya UK
- UK: Madhouse bought in pre-pack deal
- UK: Matalan reports sales growth
- UK: McArthurGlen reports record trading in December
- UK: Mulberry reports strong like-for-likes over Christmas
- UK: New Look
- …considers closing 100 stores
- …reports strong Christmas trading
- UK: Peacocks
- …receives six bids from potential buyers
- …refuses to honour gift vouchers
- …sale sees new surprise bidder
- …struggles as RBS pulls out of rescue deal
- UK: Primark sees strong Christmas trading
- UK: Pumpkin Patch in administration
- UK: Select to double stores
- UK: SuperGroup
- …Christmas sales rise
- …reports January sales slowdown
- UK: Ted Baker delivers "excellent" Christmas performance
- UK: Topman overseas success encouraging
- UK: White Stuff reports 2% year-on-year rise
- Footwear retailing
- Germany: Deichmann reports record turnover
- UK: Barratts stores acquired by Ziff
- UK: Dolcis bought out of administration
- UK: Dr Martens up for sale
- UK: Office
- …reports strong Christmas
- …to revamp website and launch overseas
- Multi-sector retailing
- Finland: Kesko reports solid growth
- France: PPR may cut 250 jobs at La Redoute
- Germany: Douglas confirms talks with financial investors
- Germany: Kreke and Mueller: ‘No War’
- Portugal: Sonae reports full year growth
- UK: Marks & Spencer reports stronger food sales while general merchandise suffers
- Mixed goods retailers
- UK: 99p Stores looks to sell business for £60m
- UK: Poundland like-for-like sales up 5.9%
- UK: Poundstretcher
- …closes transactional website
- …quick to acquire up to 20 Ugo stores
- UK: Argos
- …cuts or freezes 11,000 prices
- …like-for-likes fall 8.8%
- Miscellaneous specialists
- UK: Evans Cycles revenues rise but profits fall
- UK: Garden Centre Group in exclusivity talks with Terra Firma
- UK: Halfords sees like-for-likes drop of 4.8%
- UK: LS Travel adds Watermark Bookstore to rail portfolio
- UK: Mothercare
- …reconsiders UK stores after arrival of new boss
- …sales rise driven by promotions
- …to launch range with Jools Oliver
- UK: Past Times
- …closes 47 stores
- …officially in administration
- UK: Pets at Home reports like-for-like sales growth over Christmas
- UK: QD reports solid Christmas and plans expansion
- UK: Snappy Snaps sales rise 6.7% over Christmas
- UK: Woolworths stores almost filled
- Department stores
- UK: Debenhams has strong Christmas
- UK: Fortnum & Mason reports record sales
- UK: Harvey Nichols launches new concept store in Liverpool One
- UK: House of Fraser
- …posts "pleasing" sales growth
- …to extend collaboration with Mary Portas
- UK: John Lewis
- …launches trend-led women's label JL Weekend
- …Partnership sales up 10%
- …sales driven by Clearance
- UK: The Original Factory Shop reports growth
- DIY retailing
- UK: B&Q invests £12m in product ranges
- UK: Topps Tiles sales down 4.2% in first quarter
- Electricals retailing
- Germany: Media Markt's online store opens
- UK: Carphone Warehouse reports 4.7% like-for-like rise
- UK: Comet
- …acquisition by OpCapita complete
- …cuts staff by 450
- …reports weak Christmas trading
- UK: Dixons
- …boss Browett exits for Apple
- …launches Knowhow Movies
- …reports falling like-for-likes over Christmas
- UK: Maplin reports strong December
- UK: Phones 4U reports sales rise in final quarter
- Music, video, and games retailing
- UK: Game Group
- …granted breathing space from banks
- …like-for-likes fall as margins hit
- …marketing boss exits as 46 jobs put at risk
- …sets Friday deadline for first round bids for overseas business
- …to offload overseas operations
- UK: GameStop closes stores in Northern Ireland
- UK: HMV gets breathing space
- Furniture and furnishings retailing
- UK: Carpetright
- …Ireland business in recovery despite group profit warning
- …issues profit warning
- Croatia: Ikea begins €264m mall project
- Estonia: Ikea eyes Estonia and Latvia
- UK: Dunelm growth continues in strong H1
- UK: Furniture Village sales rise but profit falls
- UK: Ikea's profit rises 10.3%
- UK: Lakeland launches new best practice mobile optimised website
- Home shopping
- France: PPR may cut 250 jobs at La Redoute
- Netherlands: Bol.com sees record sales
- UK: Amazon
- …beats HMV to top UK entertainment retailer place
- …expands sporting range for Olympics
- …eyes chilled food offensive
- UK: Asos sales and margins up
- UK: Boohoo full-year profits grow
- UK: Feelunique.com increases overseas marketing
- UK: Flying Brands reports sales fall
- UK: Kiddicare acquires 10 former Best Buy stores
- UK: My-Wardrobe plans international launch
- UK: N Brown reports like-for-likes rise 2%
- UK: Ocado
- …enjoys late surge in Christmas sales
- …plans 'aggressive' marketing push
- …pre-tax losses improve
- …to cut prices in online price war
- UK: Shop Direct chief Newton-Jones to leave
- UK: The Hut reports record sales
- Health and beauty retailing
- Germany: Rossmann sees sales growth
- Germany: Schlecker
- …applies for insolvency
- …to close inefficient stores
- …to sell foreign business
- UK: Boots sees sales rise more than 3% in December
- UK: Lush Christmas "exceeds expectations"
- UK: Superdrug delivers "solid" festive growth
- Book and stationery retailing
- UK: Foyles reports Christmas sales up 20%
- UK: Hallmark plans out international expansion
- UK: Ryman profits driven by ecommerce
- UK: The Works reports strong Christmas performance and new CEO
- UK: WHSmith reports like-for-likes fall 5%
- Sports and leisure goods retailing
- Poland: Mountain Warehouse to expand in Poland
- UK: Blacks set to be back in the black within a year
- UK: Decathlon eyes Best Buy stores
- UK: JD
- …formally acquires Blacks
- …posts festive like-for-likes rise
- Jewellers
- Switzerland: Richemont sales driven by Asia
- Switzerland: Swatch
- …reports a record profit as Asia demand grows
- …reports record sales despite franc
- UK: Folli Follie enjoys 64% increase in sales over Christmas
- UK: LVMH considers bid for Aurum
- UK: Signet UK sales rise 1.8% over Christmas
- Toys and games retailing
- UK: Hamleys posts record sales
- UK: Hawkins Bazaar
- …bought forward by former owner Primary Capital
- …close to finding buyer as further stores shut
- UK: Hornby sale hit by weak Christmas trading
- UK: The Entertainer outperforms toy market by 22.1%
- Economy
- Germany: German retail sales unexpectedly decline in December
- UK: BRC: Stronger Christmas "reflects one-off factors"
- UK: Cost of retail crime rises 31%
- UK: CPI at 4.2% in December
- UK: Glasgow Buchanan Street now 91% let
- UK: Government launches Portas pilot to revive high street
- UK: January retail like-for-like sales fall
- UK: Kantar:
- …reveals Sainsbury's market share highest since March 2003
- …Tesco market share falls
- UK: Meadowhall applies for 70,000 sq ft extension
- UK: More shoppers do Christmas shopping via smartphone
- UK: ONS: Retailers see December sales rise
- UK: Retail employment rises 0.5% but weak outlook remains
- UK: Scottish retail sales worst since at least 1999
- UK: Shop price inflation
- …fall to near-two year low
- …hits 16-month low in December
- UK: Vacancy rates highlight north-south divide
- UK: Weekly spending power falls by £12
Beauty Retailing in Europe
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- Schlecker (incl Ihr Platz)
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- Figure 15: Schlecker: Share of European health and beauty specialists’ sales, 2006-10
- Strategic evaluation
- Background
- Company performance
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- Figure 16: Schlecker: Estimated sales performance, 2006-10
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- Figure 17: Schlecker: Estimated outlet data, 2006-10
- Store format
- Retail offering
- e-commerce and home shopping
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