Table of Contents
Analyst Comment – Carrefour's New Mobile Payment App
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- What we’ve seen
- Carrefour Pay
- Other similar initiatives
- LyfPay
- Lydia
- Auchan
- Casino
- The young will drive growth
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- Figure 1: Personal ownership of smartphones, Q3 2017
- Figure 2: France: factors to improve at grocery retailers, September 2017
- What it means
European Retail Sales
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- Key points
- Retail sales
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- Figure 3: Major European economies: Year-on-year retail sales value growth, 2017-18
- Figure 4: Major European economies: Year-on-year retail sales volume growth, 2017-18
- Inflation
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- Figure 5: Major European economies: All items CPI, 2017-18
- Figure 6: Major European economies: Food price inflation, 2017-18
Launch Activity and Innovations
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- Austria: Media Markt opens checkout-free store
- France: Intermarché pilots delivery by customers
- Germany: Aldi launches wine range with host of ‘Who Wants to be a Millionaire’
- Germany: Fashion company launches currency to close gender pay gap
- Germany: Lidl to start selling BMW
- Netherlands: Spar Netherlands introduces checkout free store
- UK: Co-op teams up with Live Nation for festival rollout
- UK: Dunelm trials DIY offering in-store
- UK: eBay introduces Shop the Celebrity Look image search
- UK: Sainsbury’s trials overhaul of Nectar loyalty scheme
Headlines for the Month
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- Food and Drink
- Clothing and footwear
- Home and household goods
- Online
- Other Retailing
- Economy
News Analysis – Food and Drink
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- Austria: Spar Austria
- …introduces dedicated health & nutrition section in-store
- …introduces reusable shopping bags
- Belgium: French retailer Franprix enters Belgian market
- Denmark: Coop Danmark profits nearly double over 2017
- France: Auchan
- … profit falls in 2017
- … and Casino Group enter into purchasing agreement
- France: Carrefour
- …acquires majority stake in meal kit company
- … launches mobile payment app
- France: Casino and Amazon team up for Prime Now
- France: Les Mousquetaires report sales increase of 2.1%
- Italy: Auchan launches mobile payment app with Mastercard
- Portugal: Pingo Doce relaunches online delivery 15 years after closure
- Portugal: Sonae retail performs well in 2017
- Romania: Carrefour Romania launches app as part of digital strategy
- Spain: DIA exits China with the sale of Shanghai stores
- Spain: Eroski to continue Contigo store format rollout
- Spain: Mercadona sales rise 6% but profits halve
- UK: Aldi commits to making all own-label packaging sustainable by 2022
- UK: Bestway buys Bargain Booze as part of £7.25 million deal
- UK: Co-op
- … to change own-brand water to 50% recycled bottles
- … returns to profit as food sales rise in 2017
- UK: Conviviality
- … expected to appoint administrators
- … appoints administrators
- … files for administration
- … issues profit warning
- … sells wholesale arm to Magners cider owner
- UK: Marks & Spencer appoints CEO of Steinhoff UK to head up food business
- UK: Morrisons sales and profits rise in 2017
- UK: Ocado retail revenue rises in Q1
- UK: Sainsbury’s
- … reportedly looking at Mothercare takeover
- … to sell Tu clothing range on Argos with next day delivery
- UK: Simply Cook expands to supermarkets
- UK: Tesco expands plant-based range
News Analysis – Clothing and Footwear
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- Europe: C&A expands online retail to 11 new countries
- France: Primark continues expansion into France
- Spain: Inditex sales and profit soar over 2017
- Sweden: H&M
- … profits plummet 60.7% due to discounting and low sales
- … sales remain flat in Q1
- UK: Farfetch signs deal with Harvey Nichols ahead of IPO
- UK: French Connection
- … retail revenue falls
- … to sell Toast brand
- UK: H&M launches wedding range
- UK: Jigsaw seals £20 million rescue deal
- UK: Missguided to expand into the Middle East
- UK: Moss Bros
- … issues full year profit warning
- … profits fall due to stock shortage and poor December results
- UK: Mothercare
- … drafts in KPMG for restructuring as lenders agree to defer financial covenant testing
- … eyes CVA as a way to close stores
- UK: New Look creditors approve CVA plans to reduce rent and cut stores
- UK: Next sales and profits fall after “self-inflicting” errors
- UK: Select seeks CVA to cut store numbers and rent
- UK: Superdry co-founder steps down
- UK: Ted Baker bucks high street trend with sales and profits growth
- UK: Zara to introduce augmented reality on window display
- UK: JD Sports to acquire The Finish Line for $558 million
News Analysis – Home and Household Goods
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- Carpet retailing
- UK: Carpetright
- … considering CVA as part of turnaround plan
- … secures emergency loan as it considers CVA
- UK: ScS sales and profits gradually rise in H1
- DIY retailing
- Europe: Kingfisher profits fall as the UK experiences “softer sales”
- France: Mr Bricolage sales fall but profit begins recovery in 2017
- Germany: Hornbach turnover grows to €4.1 billion
- UK: Bunnings UK seeks buyer as bankers are bought onboard
- UK: Screwfix new marketing campaign sees charity renovated
- UK: Topps Tiles sales edge up in challenging H1
- Electrical retailing
- UK: AO full year results to be in line with forecasts
- UK: GAME retail profit halves in H1
- UK: Grainger Games sees it suppliers credit limits cut
- UK: Maplin
- … job losses continue as administrators fail to find a buyer
- … sale looks unlikely as rivals look at stores
- Furniture retailing
- Italy: IKEA Italia sales up 1.3% as it considers 24-hour click-and-collect
- UK: DFS profits fall 58% in H1
- UK: Dreams profits and sales grow for fourth consecutive year
- UK: eve Sleep sales up 132% in 2017
- UK: Made appoints new CFO as it raises £40 million in equity funding
News Analysis – Online
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- Spain: Amazon launches virtual Dash Buttons
- UK: ASOS to launch own-brand homewares range
- UK: Ocado
- … retail revenue rises in Q1
- … reveals low food waste levels
- UK: Shop Direct adopts new technologies to improve customer experience
News Analysis – Other Retail
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- Book and stationery retailing
- UK: Card Factory profits down over 2017
- Department Stores
- UK: Debenhams partners with Swoon Editions
- UK: ‘Department store for kids’ coming to Liverpool
- UK: Harrods staff face sales commission cut of 25%
- UK: House of Fraser to receive £15 million funding from owner
- UK: Stacey Cartwright to leave Harvey Nichols
- Health & Beauty retailing
- UK: Superdrug
- … to release mini-documentaries for Pride 2018
- … to launch vegan pop-up shop
- Luxury
- France: Kering sells Stella McCartney back to designer
- France: LVMH retailer revenue grows 9% in Q1
- Italy: Richemont’s bid for YNAP approved by competition watchdog
- Shopping Centres
- Europe: Hammerson reports strong Q1 and puts Intu takeover on hold
- Sports and Leisure
- UK: Halfords CFO leaves for Dixons Carphone
- Toys and Games Retailing
- France: La Grande Récré in trouble
- UK: The Entertainer introduces Quiet Hour
- UK: Tiger founder to launch new kids and toys chain
- UK: Toys R Us to close all stores as it fails to find buyer
- Non-food discounters
- UK: Poundstretcher credit insurers cut cover
News Analysis – Economy
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- UK: Easter high street footfall declines as shopping centres and retail parks increase
- UK: February retail sales rise in value and volume
- UK: Food inflation falls to 12 month low
- UK: Government proposes plastic bottle and can deposit scheme
- UK: March retail sales up despite poor weather
- UK: Weather hits footfall in February
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