Description
The Covid-19 pandemic has accelerated the demise of many failing retailers and their disappearance opens the way for new, better retailers to take their place. The paradox of the situation the retail sector finds itself in is that high streets should emerge fitter and stronger in the long term, even if the process of getting there will have been traumatic.
Key issues covered in this report
- Analyst comment – The leading European retailers
- An overview of the latest European Retail sales and latest impact of COVID-19
- Highlights of the latest Retail trend observations across Europe.
- Monthly headlines and retail news across Europe.
Table of Contents
-
Analyst Comment: Leading European Retailers
- Winners and losers
- Figure 1: Top 10 retailers in Europe, 2017-19
- 2020 and COVID-19
- Food retailers
- Non-food retailers
- Dufry
- High street retailers
- Discounting
- Failures
- Online – the winners
- Implications for 2020 and beyond
- Winners and losers
-
European Retail Sales
- Key points
- Retail Sales
- Figure 2: Major European economies: Year-on-year retail sales value growth, 2019-20
- Figure 3: Major European economies: Year-on-year retail sales volume growth, 2019-20
- Inflation
- Figure 4: Major European economies: All items CPI, 2019-20
- Figure 5: Major European economies: Food price inflation, 2019-20
-
Launch Activity and Innovations
- Belgium: Lidl tests whole new store concept in Belgium
- Sweden: H&M launches new subscription service-based brand Singular Society
- France: Electrical retailer Electro Dépôt to reduce number of catalogues per year as it moves to digital
-
Headlines for the Month
- Grocers
- Clothing retailing
- Multi-sector retailing
- DIY retailing
- Electrical retailing
-
News Analysis – Food and Drink
- Co-ops
- Switzerland: Coop Switzerland online sales offset ‘challenging’ year
- UK: Central England Co-op launches refill trial at Lichfield store
- Grocers
- Belgium: Cora opens shop-in-shop in Cash Converters
- Benelux: Sligro sales down 19% as non-essential business close in its Q4
- Finland: Kesko Group sees 1.6% growth in grocery sales for November
- France: Aldi warns it may close Leader Price stores
- France: Carrefour
- …expands presence in Taiwan
- …pledges to hire 15,000 young people in 2021
- France: Cora partners with Patatam to launch its first dedicated area for second-hand fashion
- France: Monoprix reveals dedicated concept to bicycles and scooters ‘La Station’
- Italy: Selex to invest €300 million in new store openings next year
- Netherlands: Jumbo turnover up 15% driven by new store openings
- Portugal: Aldi opens first of 25 new stores in 2021
- UK: Aldi
- …reports strong Christmas trading instore and online
- …set to roll out click-and-collect service to over 200 stores for Christmas
- UK: Asda pilots vegan butchers counter ahead of Veganuary
- UK: Lidl customers to get £10 discount for shopping bills over £40
- UK: Morrisons
- …rolls-out vaccine drive-through in 50 car parks
- …teams up with Deliveroo to deliver Christmas essentials
- …sees boost in Christmas sales as customers shopped early
- UK: Sainsbury’s
- …warns of food shortages as France bans freight from UK
- …to double Christmas workers to 12,000 to cope with online demand
- …sees Christmas sales increase 9.3%
- UK: Tesco
- …prepares for a no-deal Brexit as it warns of rising food prices and shortages
- …rolls out limits on essential household items ahead of Christmas
- …former Tesco chief executive to be knighted in recognition for efforts during the pandemic
- UK: Waitrose extends bookable shopping service to 110 stores
-
News Analysis – Clothing and Footwear
- Clothing retailing
- Sweden: H&M sales drop 10% as second lockdown halts recovery
- UK: Arcadia
- …administrators look for offers for Topshop flagship
- …Frasers Group owner confirms interest in Arcadia brands
- …Arcadia subsidiary Evans rescued out of administration by Australian retail group
- UK: Boux Avenue reveals new sportswear collection
- UK: French Connection receives funding for US business
- UK: Gap to permanently close Oxford Street store
- UK: Joules sees store sales drop 58% amidst tighter COVID-19 restrictions
- UK: Matalan HQ sold for £25m to founder
- UK: Moss Bros CVA proposals approved but no details yet on jobs impacted
- UK: Next sales ‘much better’ than expected after strong Christmas trading
- UK: Primark
- …warns of £220 million loss due to Tier 4 restrictions
- …owner reportedly interested in making Arcadia offer
-
News Analysis – Mixed Goods
- Multi-sector retailing
- Belgium: Mega World stock to be liquidated online
- Finland: Stockmann plans to lease back flagship department store to save itself from bankruptcy
- Netherlands: Hema new owners to finalise deal
- Netherlands: Blokker launches delivery service for Christmas
- UK: B&M revenues up 22% in Q3 and rewards bonuses to colleagues
- UK: Frasers Group
- …withdraws profit guidance as London goes into Tier 4
- …half-year profits rise 18% thanks to post-lockdown demand
- …confirms it will not make Mulberry offer
- …Flannels to open 15 new stores in the coming five years along with first beauty hall
- UK: M&S
- …reports a mixed set of Christmas trading figures
- …rolls out instant payment solution to 200 stores
-
News Analysis – Household Goods
- DIY retailing
- Germany: Hornbach increase sales to €1.4m in third quarter
- UK: Topps Tiles in a ‘fundamentally stronger’ position compared with first lockdown
- UK: Travis Perkins sales up 8.6% in October thanks to DIY demand
- Electrical retailing
- Germany: Ceconomy sales fall 1.8% amid a ‘challenging year’
- UK: Dixons Carphone sees 17% jump in sales and thanks the ‘grit and skill’ of employees
- Carpet retailing
- UK: Tapi Carpets sales up 30% as it continues to grow its store portfolio
- Furniture retailing
- UK: DFS expects interim profits to meet upper end of forecast despite ‘extensive’ disruptions
-
News Analysis – Online
- UK: Made.com hands out shares in the company to staff following ‘extremely strong’ sales in 2020
- UK: Matchesfashion reports £6m loss for 2019 due to increased investments in operation and technology
- UK: Ocado increases profit outlook following 35% uplift in fourth quarter revenue
-
News Analysis – Other Retail
- Health and beauty retailing
- UK: Boots owner sells majority of wholesale arm to focus on retail business
- Book and stationery retailing
- UK: Paperchase on the brink of collapse
- Sports and Leisure Goods Retailing
- UK: JD Sports
- …buys independent menswear Wellgosh
- …buys US footwear retailer Shoe Palace
- UK: Pure Electric starts European expansion in France and Spain
- Jewellers
- UK: Watches of Switzerland increase full-year revenue outlook following ‘strong trading’
- Toys and Games Retailing
- UK: Hamleys launches on eBay to boost online presence
- Pets and pet products retailing
- UK: Pets at Home increases profit guidance following ‘strong sales momentum’
-
News – Economy
- Germany: Government encourages shoppers to ‘forego’ Christmas shopping ahead of lockdown
- UK: Retail sales grow 7.6% in November
- UK: London to be put under tier three restriction this week
- UK: London moves into Tier 4 and non-essential shops close less than two weeks before Christmas
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