Table of Contents
Analyst Comment – The quiet ascent of Richemont
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- What we’ve seen
- Digital invasion
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- Figure 1: Richemont brand IWC Schaffhausen on Mr Porter, 2018
- Baume with the kids
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- Figure 2: Customisable Baume watch, 2018
- Figure 3: Jewellery and watch shopper behaviour, by generation, July 2017
- Shades of grey
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- Figure 4: Watch purchasing behaviour, July 2018
- What it means
European Retail Sales
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- Key points
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- Figure 5: Major European economies: year-on-year retail sales value growth, 2017-18
- Figure 6: Major European economies: year-on-year retail sales volume growth, 2017-18
- Inflation
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- Figure 7: Major European economies: all items CPI, 2017-18
- Figure 8: Major European economies: food price inflation, 2017-18
Launch Activity and Innovations
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- Belgium: Carrefour launches new service featuring personal shoppers
- France: Leclerc re-launches recycling programme
- Germany: Kaufland launches new to-go brand
- Italy: Nova Coop adds in-store nutritional advice service
- Italy: Sephora launch new interactive store concept
Headlines for the Month
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- Grocers
- Footwear retailing
- Multi-sector retailing
- Electrical retailing
- Home shopping
- Sports and leisure goods retailing
- Jewellers
- Toys and games retailing
News Analysis – Food and Drink
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- Co-ops
- UK: Co-op considering sale of insurance arm
- Convenience stores
- UK: McColl’s like-for-like sales down 2.7%
- Grocers
- Belgium: Albert Heijn raises profits by 40%
- Belgium: Carrefour launching online sales platform for local products
- France: French regulator to investigate effect of grocery mergers
- Germany: Kaufland pledges to reduce single-use plastics
- Ireland: Tesco Ireland appoints first female chief executive
- Netherlands: Ahold Delhaize reports Q2 sales of €18 billion
- Netherlands: Dutch supermarket to provide online nutritional service
- Portugal: Intermarché to launch urban stores
- Spain: Gadisa launches two new Claudio Express stores
- Spain: Mercadona invests €1.8 million into new supermarket
- UK: Aldi
- …and Lidl will close early if England makes World Cup Final
- …suppliers contacted regarding ‘no deal’ Brexit
- UK: Asda
- …the first supermarket to join Microfibre Consortium
- …260 jobs at risk as Asda warehouse faces closure
- UK: Iceland
- …and The Range partner up
- …introducing 13 vegan-friendly foods to its stores
- UK: Lidl
- …plans to build 3,000 homes and a school
- …World Cup drives record breaking sales for Lidl
- …testing first fruit and vegetable boxes
- UK: M&S expands Click & Collect service
- UK: Morrisons introduce ‘quiet hour’ for autistic shopping
- UK: Sainsbury’s to offer food-to-go range in selected WH Smith stores
- UK: Tesco
- …facing £4bn bill as equal pay claims hit 1,000
- …to unveil discount chain
- …UK chief executive steps down due to illness
- Other food specialists
- Denmark: Hotel Chocolat Group transfer its retail stores to Retail Brands
- UK: Greggs total sales up 5.2%
- UK: Hotel Chocolat revenue increases 12%
News Analysis – Clothing and Footwear
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- UK: Barbour to launch new young fashion brand
- UK: Bonmarché report uplift in first quarter sales
- UK: Boux Avenue launches activewear range
- UK: Bravissimo full year sales up 3.4%
- UK: Burberry
- …destroys £28.6 million worth of stock
- …Q1 sales up
- UK: H&M team up with interior brand
- UK: Hugo Boss opening first standalone Hugo store
- UK: Joules Group revenues rise 18.4%
- UK: Matalan reveals strong first quarter revenue growth
- UK: New Look profits rise during its first quarter
- UK: Next second-quarter sales up 2.8%
- Footwear retailing
- Belgium: FNG raises capital to expand Brantano business
- UK: Pavers launch new charity initiative
News Analysis – Mixed Goods
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- UK: B&M
- …diversifies board with two female appointments
- …trading update
- UK: Poundworld
- …employees face redundancy as further 40 stores set to close
- …founder of Poundland reportedly considering a return to the high street
- …brand could be saved
- Multi-sector retailing
- France: LVMH reports strong first half
- Spain: Major retail merger between El Rincon and Martin Martin
- UK: M&S
- …and Decoded launch world’s first retail data academy
- …threat of even more store closures
- …making further cuts to management roles
- …partners with True as part of digital innovation drive
- …partnership with Founders Factory aims to invest in start-ups
- …strikes deal with Octopus Energy
- UK: Mothercare raises funds with share offer
- Department stores
- UK: Debenhams
- …credit rating downgraded
- …to launch in-store gym at Sutton branch
- …under pressure as credit insurers reduce cover
- UK: House of Fraser
- …C. Banner rescue deal falls through
- …CVA to face legal challenge
- …rescue deal faces delay
- …landlords dispute regarding House of Fraser’s CVA proposals reaches agreement
- …turning to Mike Ashley for possible £50 million rescue
- …bought by Sports Direct for £90 million
- UK: John Lewis
- …set for biggest revamp of its stores
- …unveils its biggest fashion collection to date
- …the John Lewis Partnership selects finalists to join retail tech innovation programme
- UK: pressure on auditing watchdog to publish report on BHS audit
News Analysis – Household Goods
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- UK: B&Q
- …changes one loyalty scheme to push for lower prices
- …kitchens and bathrooms business creates 800 jobs
- …slashing prices to lure new customers
- UK: Homebase owner plans a CVA
- UK: Travis Perkins report 4.6% decline in pre-tax profits
- Electrical retailing
- France: Fnac Darty first-half results show strong growth
- Furniture retailing
- UK: DFS profit warning
- UK: Dunelm witnesses strong online sales performance (+41.8%)
- UK: IKEA
- …vows to remove all single-use plastic straws from products and restaurants by October
- …new store to open on Tottenham Court Road
- UK: ScS report full-year trading in line with expectations
News Analysis – Online
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- Germany: Zalando second quarter revenue up 20.9%
- Italy: JD.com wants to expand to Italy as part of European expansion
- UK: Amazon
- …and first UK public sector procurement deal
- …UK tax bill lowest in five years
- UK: ASOS revenue up 22%
- UK: Ocado first-half revenue up, but earnings down
- UK: Reshaping of Shop Direct board leads to departure of retail director Jon Rudoe
- UK: WhereWolf app launches first UK pop-up store
News Analysis – Other Retail
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- Health & beauty retailing
- UK: Holland & Barrett to launch vegan stores
- Book and stationery retailing
- UK: Card Factory Group sales up 3.2%
- UK: The Works enters the stock market in £100 million float
- Sports and leisure goods retailing
- Italy: North Face opens pop-up store at 2,100 metres altitude
- UK: Evans Cycles reduces losses
- UK: Sports Direct profits drop by 72%
- Jewellers
- Denmark: Pandora chief steps down after sales growth warning
- UK: Tiffany opening new Covent Garden Store
- Garden centres
- UK: Wyevale sells eight garden centres to Blue Diamond
- Opticians
- UK: French optician to launch in the UK
- Toys and games retailing
- Netherlands: Gaming shop opens up second futuristic concept store
- UK: Games Workshop annual report shows profits nearly double
- UK: Six Toys ‘R’ Us stores sold for £30.5 million
- Miscellaneous specialist retailing
- UK: Pets at Home reports 8.1% revenue growth
- Shopping centres
- UK: Boxpark to open on Brighton seafront
- UK: Coal Drops Yard confirms opening date of October 26
- UK: Hammerson sells two retail parks
- UK: ICON outlet reveals first signings for opening in 02 centre
- UK: Intu half-year performance hailed as resilient
News Analysis – Economy
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- UK: BRC
- …retail sales slowed in July
- …like-for-like retail sales up 1.1% in June 2018
- …heatwave drives food price inflation
- UK: June retail sales up by 4.4%
- UK: Retail footfall down 0.9%
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