2021
0
European Retail Briefing – March 2021
2021-04-08T04:13:31+01:00
OX1067091
350
136339
[{"name":"Retail","url":"https:\/\/store.mintel.com\/industries\/retail"}]
Report
en_GB
"Food is clearly an essential spending area and with consumers limiting their shopping trips and time spent in-store, online grocery has benefitted, not only as consumers sought to purchase essential…

European Retail Briefing – March 2021

£ 350 (Excl.Tax)

Description

“Food is clearly an essential spending area and with consumers limiting their shopping trips and time spent in-store, online grocery has benefitted, not only as consumers sought to purchase essential items in a safe way, but also as they looked to indulge themselves to compensate for the high levels of stress and boredom under the constraints of COVID-19 restrictions. As a result, online grocery retail is registering strong growth across Europe.”
– Emily Viberg, Retail Analyst

Key issues covered in this Report:

  • Analyst Comment – COVID-19 pandemic presents new prospects in the online grocery sector
  • An overview of the latest European Retail sales
  • Highlights of the latest Retail trend observations across Europe.
  • Monthly headlines and retail news across Europe

Table of Contents

  1. Analyst Comment – The COVID-19 Pandemic Presents New Prospects in Online Grocery

      • Figure 1: Albert Heijn’s temporary home delivery service, May 2020
    • Delivery boxes: a new opportunity
      • Figure 2: Carrefour online family kits, Spain
      • Figure 3: Morrisons food boxes, UK
      • Figure 4: Waitrose food box, UK
      • Figure 5: Asda cupboard filler food box, UK
      • Figure 6: M&S essentials food box, UK
    • Online shopping could help cash-strapped shoppers control spending
      • Figure 7: Carritus, Spain
    • Grocery delivery services speed up
    • High delivery charges pose a threat to online grocery
    • Profitability concerns dampen optimism
  2. European Retail Sales

    • Key points
    • Retail sales
      • Figure 8: Major European economies: Year-on-year retail sales value growth, 2019-21
      • Figure 9: Major European economies: Year-on-year retail sales volume growth, 2019-21
    • Inflation
      • Figure 10: Major European economies: All items CPI, 2019-21
      • Figure 11: Major European economies: Food price inflation, 2019-21
  3. Launch Activity and Innovations

    • France: Cora unveils new unified ecommerce platform
    • Italy: Esselunga launches laEsse format in Rome
    • France: Monoprix tests virtual reality technology in store
  4. Headlines for the Month

    • Grocers
    • Clothing retailing
    • Multi-sector retailing
    • Department stores
    • Online
    • Health and beauty retailing
    • Sports and leisure goods retailing
  5. News Analysis – Food and Drink

    • Convenience stores
    • UK: Costcutter trial new loyalty app
    • UK: Morrisons and McColl’s extend partnership for another three years
    • Grocers
    • Belgium: Lidl to expand presence with 23 new stores by 2022
    • France: Auchan sees ‘successful turnaround’ despite falling sales
    • France: Carrefour grows sales by 7.8%
    • Germany: Aldi Nord and Aldi Süd to sell COVID-19 tests
    • Germany: Edeka
    • …to takeover 44 Real stores
    • …tests automated convenience formats at Renningen train station
    • Germany: Kaufland launches online with newly acquired Real
    • Germany: Rewe achieves €75 billion in sales
    • Netherlands: Ahold Delhaize sales up 18.7% in Q4
    • Netherlands: Albert Heijn and Selecta to open unmanned stores
    • Portugal: DIA looking to repurpose Clarel stores
    • Portugal: Jerónimo Martins net profit drops 20% but starts 2021 with ‘renewed confidence’
    • Spain: DIA losses narrow following business reorganisation
    • Switzerland: Coop sees a ‘stable profit’ of €499.2 million
    • UK: Aldi invests in £22 million on new and refurbished London stores
    • UK: Asda
    • …sale to Issa Brothers completed for £6.8 billion
    • …festive sales up 5.1% as customers’ trade up
    • …owners consider selling fashion label George
    • …risks 5,000 roles ahead of restructuring plans
    • UK: Lidl launches Whatsapp Customer Care messaging for ‘on-the-go’ shoppers
    • UK: Morrisons offers takeaway service from new Camden store
    • UK: Sainsbury’s
    • …price match Aldi on 240 products
    • …to cut 500 roles including from its clothing division Tu
    • …will not accept business rates relief extension
    • UK: Tesco
    • …risks store managers’ jobs as part of restructuring process
    • …Tesco supermarkets in Thailand and Malaysia rebranded to Lotus
    • UK: Waitrose opens new fulfilment centre as it expands online delivery services
    • Other food and drink specialists
    • UK: Hotel Chocolat sees ‘superb’ half-year results as revenues grow 11%
  6. News Analysis – Clothing and Footwear

    • Clothing retailing
    • Germany: C&A join Zalando’s Connected Retail Program
    • Italy: United Colors of Benetton unveils new sustainability concept store
    • UK: Belstaff sales up 29% pre-COVID
    • UK: Burberry to voluntarily return £6m in business rates relief
    • UK: French Connection begins formal sale process
    • UK: Inditex profits fall in a ‘difficult’ year
    • UK: Mango adds Intimissimi to offering as part of new marketplace model
    • UK: Moss Bros does not expect to ‘return to pre-COVID-19 levels in the short-term’
    • UK: Primark expects £1.1 billion loss in sales due to store closures
    • UK: Ted Baker revenue down 47% following weekly demand for occasion wear
    • UK: Urban Outfitters sales rise 25% thanks to virtual shopping service
    • Footwear retailing
    • UK: Clarks sees revenue drop 6.4% thanks to ‘challenging trade’ in the UK
    • UK: Shoe Zone sees a loss of £14.6m due to store closures
  7. News Analysis – Mixed Goods

    • Multi-sector retailing
    • Russia: Fix Price considers floatation with the aim of listing in March
    • UK: B&M revenues up 22% in Q3 thanks to customers ‘stockpiling’
    • UK: Halfords
    • …calls for legalisation of e-scooters on roads amid rising demand
    • …to repay £10.7 million of furlough support
    • UK: Home Bargains increases turnover by 13% thanks to new store openings
    • UK: Infarm rolls out larger-scale vertical farming option for retailers
    • UK: M&S
    • …boss warns ‘unbearable’ business rates will lead to thousands of more job losses
    • …reveals new sustainable denim range
    • …rolls out credit option for loyalty members
    • …rolls out new online websites in 46 markets
    • Department stores
    • Spain: El Corte Inglés risks 3,000 jobs as it begins restructuring process
    • UK: Debenhams to close Scottish stores leading to 647 redundancies
    • UK: Frasers Group
    • …warns of £100m hit from lockdown
    • …reviews store estate despite business relief extension
    • …opens kidswear stores
    • UK: John Lewis
    • …to roll out ‘hundreds’ of shop-in-shops inside Waitrose stores
    • …looks to close more stores
    • …offers online credit scheme to customers
  8. News Analysis – Household Goods

    • DIY retailing
    • UK: Travis Perkins to complete demerger from Wickes in Q2
    • UK: Homebase to open three small-format stores
    • UK: Kingfisher to launch B&Q stores in Saudi Arabia
    • Furniture retailing
    • UK: DFS interim revenues up 17.3% amid ‘resilient’ market
    • Homewares retailing
    • UK: Cox & Cox sales up 75% bolstered by strong Christmas trading in the final quarter
    • UK: Dunelm deputy chair to sell £211m stake to ‘broaden his investment portfolio’
  9. News Analysis – Online

    • France: Picnic to enter France
    • Poland: Amazon enters Poland with dedicated website
    • UK: Amazon set to open first contactless store in Ealing
    • UK: Angling Direct online sales up 40%
    • UK: Asos relaunches Topshop and Topman on its website
    • UK: Deliveroo confirms intention to float
    • UK: Farfetch and The Restory team up to launch Farfetch Fix
    • UK: In The Styles expected to float in March
    • UK: Made.com thinking about next strategic options and considers possible IPO
    • UK: Moonpig expects full-year revenue to double
    • UK: N Brown closes Figleaves website and headquarters
    • UK: Ocado rivals dedicated aisles for B Corp-certified suppliers
    • UK: Virgin Wines makes its stock market debut after £110m valuation
  10. News Analysis – Other Retail

    • Health and beauty retailing
    • France: L’Oréal sales down 6.3% but online rises 62%
    • Italy: Douglas to close 128 stores as part of restructuring plan
    • Italy: Kiko set to open 300 new stores by 2023
    • UK: Boots to cut 300 roles from Nottingham HQ
    • UK: Essie teams up with L’Oréal to launch new AR tool ‘Essie On Hand’
    • Sports and leisure goods retailing
    • Germany: Adidas set to sell reebok as part of its five-year strategy
    • UK: Evans Cycle to cut 300 jobs
    • Garden centres
    • UK: Dobbies sales rise 51% amid lockdown
    • Pets and pet products retailing
    • UK: Pets at Home increases profit guidance after strong fourth quarter
    • Shopping centres
    • UK: Westfield owner to focus on UK estate as it reduces its presence in the US
  11. News Analysis – Economy

    • UK: January sales down 2.3% amid national lockdown
    • UK: Non-essential retail to open in April according to roadmap
    • UK: BRC reports 9.5% growth in retail sales for February

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